Abu Dhabi’s Ghitha Holding Strengthens Grip on Al Ain Farms

Abu Dhabi’s Ghitha Holding Strengthens Grip on Al Ain Farms

In a move to solidify its presence in the UAE’s agricultural sector, Ghitha Holding, a subsidiary of the massive Abu Dhabi-based conglomerate International Holding Company (IHC), has acquired an additional 12% stake in Al Ain Farms for Livestock Production. The deal, valued at AED 61 million (roughly $16.6 million), was announced on Friday through a filing on the Abu Dhabi Securities Exchange (ADX). This acquisition is being […]

via Abu Dhabi’s Ghitha Holding Strengthens Grip on Al Ain Farms

In a move to solidify its presence in the UAE’s agricultural sector, Ghitha Holding, a subsidiary of the massive Abu Dhabi-based conglomerate International Holding Company (IHC), has acquired an additional 12% stake in Al Ain Farms for Livestock Production. The deal, valued at AED 61 million (roughly $16.6 million), was announced on Friday through a filing on the Abu Dhabi Securities Exchange (ADX).

This acquisition is being executed through Was Commercial Investment, a subsidiary of Ghitha Holding. With this purchase, Was Commercial’s total ownership in Al Ain Farms now surpasses 60%. Previously, as per a document filed on the ADX in July 2023, the Ghitha unit held a 51% stake in the livestock producer.

Ghitha Holding, primarily a trading and distribution firm, has been steadily