ABU DHABI, 12th May / WAM / Agthia Group has expressed its aspiration to continue acquisitions of new investments, in addition to merger opportunities through the brands it acquired during the past two years, in light of the attractive ratings (Agthia) in its main growth categories, which are “snacks and protein”. .
Mubarak Al Mansouri, CEO of Agthia Group, said in statements to the Emirates News Agency, WAM, that the Agthia Group enjoys a strong investment position, with a cash balance of 674 million dirhams, which reflects its ability to continue strong performance during 2023.
He added that the Agthia Group has a clear strategy through which it seeks to continue its ambitious growth path, enter priority markets and expand in value-added categories, while continuing its focus on remaining an active regional player in the food and beverage industry with its group of market-leading brands.
He pointed out that the group’s revenues extend across 45 countries, in light of the work to consolidate its presence throughout the Middle East, North Africa, Pakistan and beyond.
He added that the group’s main markets are in the UAE, Egypt and Jordan, in addition to the GCC countries, with a focus on the UAE, Egypt, Jordan, Saudi Arabia and India markets, and he expects continued strong growth across these regions, driven by both domestic consumption and exports, as well as growth through many new markets such as the United States. Indonesia, Brazil and others.
On the group’s objectives with regard to the use of food technology.. Al-Mansoori said that Agthia has a 5-year digital roadmap through which it aims to transform from a product-based organization to an organization that focuses on its intimate knowledge of the consumer supported by data through the establishment of a digital system to improve customer experience across all sectors. channels thereby enhancing brand ownership and leveraging data as a strategic asset to increase digital revenue streams and relying on digital tools to improve operational and operational synergies across the group.
He added that the group has a clear plan to automate smart work processes to enable efficient and safe operations in stores, warehouses, and manufacturing facilities, and to adopt more advanced digital enablement tools to enhance critical supply chain planning capabilities in all Agthia Group businesses, thus contributing to a transformation in our digital capabilities.
He said that the assets of the group during the first quarter of this year amounted to 6,440 million dirhams, and the volume of sales within the water sector brands during the first quarter of the year was 251.9 million dirhams, 252.7 million dirhams for the protein sector, and 379.9 million dirhams for the snacks sector, which grew by nearly 50%. % compared to the same period last year.. As for the agricultural products sector, its revenues amounted to 297.9 million dirhams, achieving a good growth rate of nearly 12%.