UAE-based Agthia’s new strategy targets market expansion, acquisitions – CEO

UAE-based Agthia’s new strategy targets market expansion, acquisitions – CEO

At a virtual conference held Monday to unveil its strategy through 2025, CEO Alan Smith said the company's “three strategic pillars of growth, efficiency, and capability as planned for the next five years is designed to extend the group's market leadership, drive significant value for our stakeholders, and improve profitability through a consumer driven approach.”The Abu Dhabi-listed company is engaged in manufacturing, distribution and marketing of a wide range of F&B products, including water and flour.Agthia recently acquired Jordan-based frozen protein products brand Nabil Foods. Last year it acquired two companies, a local dates and confectionary firm, Al Foah in the UAE, and Al Faysal Bakery in Kuwait. Earlier this month it announced plans to take a majority stake in Ismailia Investments, an Egyptian producer of frozen processed chicken and beef products.As part of its five-year plan, Agthia has also added Pakistan as a priority market as that is a big population center.“We aim to grow from being a UAE centric organisation to live in our footprints across the MENA region and beyond. We have already set in motion plans to diversify our business into more value-added products and brands to unlock value and enhance shareholder returns,” Smith said.Ammar Al Ghoul,