Latest news with #AlJaziraPoultryFarm
Zawya
28-04-2025
- Business
- Zawya
Ghitha Holding reports steady first quarter performance with a 7% rise in revenue to AED 1.35bln
Gross profit grew 27.1% YoY to AED 308 million in Q1-2025. Ghitha subsidiary Al Ain Farms signed an SPA to acquire Al Jazira Poultry Farm. Abu Dhabi, UAE: Ghitha Holding PJSC ('Ghitha' or the 'Group'; ADX: Ghitha), a diversified conglomerate spanning agriculture, food production, and distribution, has announced its consolidated financial results for the three-month period ended 31 March 2025. The Group delivered a strong start to the year, reporting revenue of AED 1.35 billion in Q1-2025, representing a 7.2% increase compared to Q1-2024. The Group's performance for the period reflects successful organic growth efforts, operational momentum, and contributions from recent acquisitions. Gross profit reached AED 307.9 million, up 27.1% YoY in Q1-2025, while operating profit rose 6.4% YoY to AED 76.8 million on the back of cost efficiencies and improved products mix during the period. Commenting on the results, Falal Ameen, Ghitha Holding's CEO, said: 'Our first quarter results reflect Ghitha's disciplined execution and strong foundations. The contribution of recent acquisitions to this quarter's performance marks a tangible milestone in our acquisition strategy, and we're excited about the future potential of our latest deal with Al Jazira Poultry Farm. Ghitha will continue to explore further opportunities aligned with its strategic vision, with active pipelines across the food segment.' In March 2025, Al Ain Farms, a subsidiary of Ghitha Holding, signed a Share Purschase Agreement (SPA) to acquire Al Jazira Poultry Farm, a leading UAE-based poultry producer. This acquisition strengthens the Group's position in the protein vertical and forms part of its broader strategy to expand across essential food segments. Moreover, the transaction builds on the Group's successful acquisition of Arabian Farms completed last year. Looking ahead, Ghitha will focus on technology implementation and digital innovation to elevate decision-making, streamline operations, and enhance competitiveness across its value chain. As the Group strengthens its position in food value streams, M&A will remain a core pillar, with an emphasis on operational integration, efficiencies, and maximizing value creation.
Al Etihad
27-04-2025
- Business
- Al Etihad
Ghitha Holding posts 7% revenue growth in Q1 2025
28 Apr 2025 00:14 ABU DHABI (ALETIHAD)Ghitha Holding, a diversified conglomerate operating across agriculture, food production, and distribution sectors, reported a strong start to 2025 with a 7.2% year-on-year (YoY) increase in revenue for the first quarter, reaching Dh1.35 Group's gross profit rose by 27.1% YoY to Dh307.9 million, while operating profit grew by 6.4% to Dh76.8 million, driven by cost efficiencies and an improved product mix. The performance reflects successful organic growth initiatives, operational momentum, and contributions from recent on the results, Falal Ameen, CEO of Ghitha Holding, said:'Our first quarter results reflect Ghitha's disciplined execution and strong foundations. The contribution of recent acquisitions to this quarter's performance marks a tangible milestone in our acquisition strategy, and we're excited about the future potential of our latest deal with Al Jazira Poultry Farm. Ghitha will continue to explore further opportunities aligned with its strategic vision, with active pipelines across the food segment.'In March 2025, Al Ain Farms, a subsidiary of Ghitha Holding, signed a Share Purchase Agreement (SPA) to acquire Al Jazira Poultry Farm, a leading UAE-based poultry producer. This acquisition strengthens Ghitha's position in the protein vertical and follows the successful acquisition of Arabian Farms last ahead, Ghitha plans to enhance its operations through technology implementation and digital innovation, aiming to elevate decision-making, streamline processes, and boost competitiveness across its value chain. Mergers and acquisitions (M&A) will remain a core pillar of its strategy, with a focus on operational integration, efficiencies, and maximising value creation. Ghitha Holding operates as a subsidiary of International Holding Company and manages a wide-ranging portfolio of subsidiaries and associates, including Al Ain Farms, Marmum Dairy Farm, Arabian Farms, Apex Investment, Al Ajban Poultry, and NRTC Group, among others, engaged across dairy, poultry, fish, agriculture, food commodities, and trading sectors.
Al Etihad
15-03-2025
- Business
- Al Etihad
Al Ain Farms to acquire producer of ‘Golden Eggs' in Dh285 million deal
15 Mar 2025 11:19 REDDY (ABU DHABI)Al Ain Farms, which is a subsidiary of Ghitha Holdings, has signed a deal to acquire full ownership of Al Jazira Poultry Farm for Dh285 million. Falal Ameen, Group CEO of Ghitha Holdings, in a stock market disclosure, said a share purchases agreement was signed to this effect. 'The completion of the transaction is subject to the satisfaction of certain conditions under the agreement and receipt of regulatory approvals,' he said. Al Ain Farms, which was established in 1981 by the UAE's Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, holds the distinction of being the first dairy company in the UAE. 'With a rich history spanning over four decades, Al Ain Farms continues to set benchmarks in the food industry, offering a diverse range of fresh, nutritious and high-quality products,' notes a description of the company on Ghitha Holdings' website. Al Jazira Poultry Farm, an egg production facility founded in Dubai in 1999, has grown to become the largest egg producer in the Jazira Poultry Farm's eggs, dubbed Golden Eggs, are renowned for their rich golden-yellow yolks. 'It was also the first poultry company in the region to produce value-added eggs, including DHA, Omega 3, super eggs, and Lutein-enriched eggs, as well as eggs from hens that are fed certified organic feed,' a promotional media report on the company said recently. The latest acquisition by the Al Ain Farms is expected to cement its position as the leader in the poultry sector. Ghitha Holdings, which is part of the International Holding Company (IHC), focuses on sectors related to food production, processing and distribution. It is listed on Abu Dhabi Securities Exchange (ADX) and is valued at Dh4.387 billion.
