ADQ to acquire 50 percent stake in Abu Dhabi-based Al Dahra
ADQ, one of the region’s largest holding companies with a diverse portfolio of major enterprises spanning key sectors of Abu Dhabi’s non-oil economy, has agreed to acquire a 50 percent stake in Al Dahra Holding Company, a multinational agribusiness leader that specializes in animal feed and essential food commodities. The acquisition is subject to regulatory approvals. Upon closing, it will expand the scope of ADQ’s agri-food investments, which also includes Agthia PJSC, Al Foah Company and Silal. Al Dahra specializes in the cultivation, production and trading of animal feed and essential food commodities and end-to-end supply chain management. With a workforce of 5,000 employees, Al Dahra has a presence in over 20 countries and caters to more than 45 commercial markets.
H.E. Mohamed Hassan Alsuwaidi, Chief Executive Officer of ADQ, said, “Food and agri-business is of importance to ADQ’s strategy because it is high growth and important for Abu Dhabi’s socio-economic agenda. Al Dahra will complement our existing efforts to extend ADQ’s reach in food production and distribution. With our investment, Al Dahra will be well positioned to further expand its reach and footprint while enabling Abu Dhabi to reach its goals of continuing to diversify its food sources and growing into a regional food hub.”
Al Dahra operates a landbank of 350,000 acres of irrigated land with direct access to various rivers such as the Danube, Colorado and Nile rivers, employing the latest irrigation technologies and modern farming machineries. Over the years, the company has made significant investments in logistics, ensuring a strong network of inland transportation and sea freight operations.
Al Dahra also owns and operates 15 state-of-the-art forage processing and baling facilities globally, catering for the needs of the dairy and cattle industries. In addition, the company cultivates different types of fresh produce, including a wide range of fruits and vegetables, as well as grains with infrastructure to facilitate grains’ trading.