Agthia Acquires Water Bottling Plant in Saudi Arabia
Abu Dhabi; 14 November 2016: Agthia Group (‘Agthia’), a leading food and beverage group in the UAE, has signed a purchase agreement for 100 percent of the shares in the water business of Delta Marketing Company, based in Jeddah, Kingdom of Saudi Arabia producing “Al Ain” brand water. The transaction is expected to be completed by Quarter 1, 2017, following regulatory approvals and other closing conditions.
Agthia Group First Half Net Profit Increases 16 Percent
Abu Dhabi-UAE: 1 August 2016 - Agthia Group PJSC (ADX: AGTHIA), one of the UAE’s leading food and beverage companies, has reported an increase in net profit for the first half of 2016 of 16 percent to AED 145 million compared to 1H 2015. Net revenues grew 15 percent to AED 1.04 billion, driven in particular by the Water and Animal Feed businesses, and strong improvements in the performance of the Dairy and Emerging Businesses.