UAE’s Agthia Group Acquires Majority Stake in Egypt’s Atyab

published:19/09/2021 04:17 GMT

Agthia Group, the UAE’s leading food and beverages company has completed the acquisition of a 75.1 % stake in meat producer Ismailia Investments (Atyab), CNBC Arabia reported. The Abu Dhabi-based leading food and beverage company achieved strong revenue growth at a compound annual rate of approximately 28 % between 2016 and 2020, with healthy profit margins in 2020 of approximately 19 % before interest, tax, depreciation and amortization. Last year, the company achieved net revenues of AED424...More