Latest news with #GhithaHoldingPJSC
Mid East Info
20-05-2025
- Business
- Mid East Info
Ghitha Holding PJSC and ADNH Catering OPC Sign MoU to Explore Local Sourcing and Supply Chain Collaboration
Agreement reflects joint commitment to advancing national food security and industrial efficiency under Make it in the Emirates 2025 Abu Dhabi, UAE – May, 2025 – Ghitha Holding PJSC, a UAE-based diversified conglomerate spanning agriculture, food production, and distribution, a subsidiary of International Holding Company PJSC (IHC), today signed a Memorandum of Understanding (MoU) with Abu Dhabi National Hotels (ADNH) Catering OPC, one of the country's largest institutional catering providers. The signing took place at Make it in the Emirates (MIITE) 2025, the UAE's premier manufacturing platform, running from May 19–22 at ADNEC, Abu Dhabi. The agreement was inked by Falal Ameen, Group CEO of Ghitha Holding PJSC and Laura Abizova, Procurement & Supply Chain Director (ME) of ADNH Catering, on Day 1 of the event. The MoU outlines the intent of both parties to explore avenues of collaboration that support the UAE's national food security goals, enhance local sourcing, and optimize supply chain integration. The partnership reflects a mutual vision to scale production capabilities and expand the use of high-quality, Made-in-UAE food products across institutional catering sectors, including hospitality, healthcare, education, and government. The collaboration aligns with the objectives of the UAE's Food Security Strategy 2051, the National Strategy for Industry and Advanced Technology, and the wider objectives of MIITE 2025 — reinforcing the strategic role of both organizations in strengthening national resilience through local value creation. Falal Ameen, Group CEO of Ghitha Holding PJSC, stated: 'This MoU reflects a joint commitment to enhancing our growing supply chain and building a more self-reliant, agile food ecosystem in the UAE. At Ghitha, we believe that value-based partnerships are key to achieving lasting impact. By working closely with ADNH Catering, we aim to expand local sourcing, and deliver reliable, high-quality food solutions that support the nation's growth.' Laura Abizova, Procurement & Supply Chain Director (ME) of ADNH Catering OPC, added: 'Partnering with Ghitha Holding enables us to explore new ways of embedding local production into our catering operations, while continuing to meet the high standards our clients expect. This collaboration supports our broader goal of contributing to food security, enhancing sustainability, and strengthening national capabilities across the value chain.' The MoU sets the stage for early-stage collaboration in several key areas, including evaluating local sourcing potential, aligning supply chain planning, enhancing procurement agility, and exploring opportunities for product innovation and infrastructure investment. As both entities explore next steps, the MoU underscores their shared commitment to driving national priorities forward — by leveraging complementary strengths to deliver long-term value to the UAE's food and hospitality ecosystem. For more information, visit Ghitha Holding at Stand 1-FB20, Hall 1, at Make it in the Emirates 2025 from May 19–22 at ADNEC, Abu Dhabi.
Zawya
20-05-2025
- Business
- Zawya
Ghitha Holding PJSC and ADNH Catering PLC sign MoU to explore local sourcing and supply chain collaboration
Abu Dhabi, UAE – Ghitha Holding PJSC, a UAE-based diversified conglomerate spanning agriculture, food production, and distribution, a subsidiary of International Holding Company PJSC (IHC), today signed a Memorandum of Understanding (MoU) with Abu Dhabi National Hotels (ADNH) Catering PLC, one of the country's largest institutional catering providers. The signing took place at Make it in the Emirates (MIITE) 2025, the UAE's premier manufacturing platform, running from May 19–22 at ADNEC, Abu Dhabi. The agreement was inked by Falal Ameen, Group CEO of Ghitha Holding PJSC and Laura Abizova, Procurement & Supply Chain Director (ME) of ADNH Catering, on Day 1 of the event. The MoU outlines the intent of both parties to explore avenues of collaboration that support the UAE's national food security goals, enhance local sourcing, and optimize supply chain integration. The partnership reflects a mutual vision to scale production capabilities and expand the use of high-quality, Made-in-UAE food products across institutional catering sectors, including hospitality, healthcare, education, and government. The collaboration aligns with the objectives of the UAE's Food Security Strategy 2051, the National Strategy for Industry and Advanced Technology, and the wider objectives of MIITE 2025 — reinforcing the strategic role of both organizations in strengthening national resilience through local value creation. Falal Ameen, Group CEO of Ghitha Holding PJSC, stated: 'This MoU reflects a joint commitment to enhancing our growing supply chain and building a more self-reliant, agile food ecosystem in the UAE. At Ghitha, we believe that value-based partnerships are key to achieving lasting impact. By working closely with ADNH Catering, we aim to expand local sourcing, and deliver reliable, high-quality food solutions that support the nation's growth.' Laura Abizova, Procurement & Supply Chain Director (ME) of ADNH Catering, added: 'Partnering with Ghitha Holding enables us to explore new ways of embedding local production into our catering operations, while continuing to meet the high standards our clients expect. This collaboration supports our broader goal of contributing to food security, enhancing sustainability, and strengthening national capabilities across the value chain.' The MoU sets the stage for early-stage collaboration in several key areas, including evaluating local sourcing potential, aligning supply chain planning, enhancing procurement agility, and exploring opportunities for product innovation and infrastructure investment. As both entities explore next steps, the MoU underscores their shared commitment to driving national priorities forward — by leveraging complementary strengths to deliver long-term value to the UAE's food and hospitality ecosystem. For more information, visit Ghitha Holding at Stand 1-FB20, Hall 1, at Make it in the Emirates 2025 from May 19–22 at ADNEC, Abu Dhabi.
Mid East Info
19-05-2025
- Business
- Mid East Info
Ghitha Holding PJSC and ADNH Catering PLC Sign MoU to Explore Local Sourcing and Supply Chain Collaboration
Agreement reflects joint commitment to advancing national food security and industrial efficiency under Make it in the Emirates 2025 Abu Dhabi, UAE – May , 2025 – Ghitha Holding PJSC, a UAE-based diversified conglomerate spanning agriculture, food production, and distribution, a subsidiary of International Holding Company PJSC (IHC), today signed a Memorandum of Understanding (MoU) with Abu Dhabi National Hotels (ADNH) Catering PLC, one of the country's largest institutional catering providers. The signing took place at Make it in the Emirates (MIITE) 2025, the UAE's premier manufacturing platform, running from May 19–22 at ADNEC, Abu Dhabi. The agreement was inked by Falal Ameen, Group CEO of Ghitha Holding PJSC and Laura Abizova, Procurement & Supply Chain Director (ME) of ADNH Catering, on Day 1 of the event. The MoU outlines the intent of both parties to explore avenues of collaboration that support the UAE's national food security goals, enhance local sourcing, and optimize supply chain integration. The partnership reflects a mutual vision to scale production capabilities and expand the use of high-quality, Made-in-UAE food products across institutional catering sectors, including hospitality, healthcare, education, and government. The collaboration aligns with the objectives of the UAE's Food Security Strategy 2051, the National Strategy for Industry and Advanced Technology, and the wider objectives of MIITE 2025 — reinforcing the strategic role of both organizations in strengthening national resilience through local value creation. Falal Ameen, Group CEO of Ghitha Holding PJSC, stated: 'This MoU reflects a joint commitment to enhancing our growing supply chain and building a more self-reliant, agile food ecosystem in the UAE. At Ghitha, we believe that value-based partnerships are key to achieving lasting impact. By working closely with ADNH Catering, we aim to expand local sourcing, and deliver reliable, high-quality food solutions that support the nation's growth.' Laura Abizova, Procurement & Supply Chain Director (ME) of ADNH Catering, added: 'Partnering with Ghitha Holding enables us to explore new ways of embedding local production into our catering operations, while continuing to meet the high standards our clients expect. This collaboration supports our broader goal of contributing to food security, enhancing sustainability, and strengthening national capabilities across the value chain.' The MoU sets the stage for early-stage collaboration in several key areas, including evaluating local sourcing potential, aligning supply chain planning, enhancing procurement agility, and exploring opportunities for product innovation and infrastructure investment. As both entities explore next steps, the MoU underscores their shared commitment to driving national priorities forward — by leveraging complementary strengths to deliver long-term value to the UAE's food and hospitality ecosystem. For more information, visit Ghitha Holding at Stand 1-FB20, Hall 1, at Make it in the Emirates 2025 from May 19–22 at ADNEC, Abu Dhabi.
Mid East Info
16-05-2025
- Business
- Mid East Info
Ghitha Holding Powering UAE's Food Security and Industrial Growth at Make it in the Emirates 2025 - Middle East Business News and Information
Ghitha Holding's AED 9.3 billion asset portfolio (as of 31 Dec 2024) aligns with National Food Security Strategy 2051, Abu Dhabi Economic Vision 2030, and UAE's industrial strategy Abu Dhabi, UAE – May , 2025: Ghitha Holding PJSC, a subsidiary of International Holding Company PJSC (IHC), and the UAE's diversified conglomerate spanning across agriculture, food production and distribution, will participate in the Make it in the Emirates (MIITE) Forum this year, showcasing its pivotal role in advancing food security and driving industrial growth. With a vast number of subsidiaries and associates spanning the entire value chain – from farming, production to trade, logistics, distribution, Ghitha embodies the core ambitions of MIITE 2025 – driving the future of manufacturing in the UAE, accelerating tech-driven innovation, empowering local talent, and expanding cross-border market access. As a vertically integrated powerhouse, Ghitha delivers a seamless supply chain from farm to table, ensuring reliable access to high quality food products for households, hospitality, and retail sectors. This integrated model helped Ghitha execute a stellar financial performance in 2024, posting nearly AED 5 billion in revenue – a robust 9% year-on-year hike. Gross profits soared by 26%, while managed assets surged to AED 9.3 billion, spotlighting the company's rapid expansion and operational fortitude. Issa Najeeb Khoory, Deputy CEO of Ghitha Holding shared: 'Ghitha Holding is proud to play a leading role at the Make it in the Emirates Forum this year; a gathering where innovation and purpose come together to fuel the UAE's industrial capacity, especially in food manufacturing. Powered by technology, local talent, and a focus aligned with food security, Ghitha has long been devoted to fostering growth that will endure for generations. Joining MIITE reinforces our role as a catalyst in building the future of manufacturing – fully aligned with the UAE's vision for a resilient, diversified, and globally competitive economy.' Championing Food Security and Agricultural Self-Reliance: Ghitha's core mandate is to strengthen the UAE's food supply chain – directly aligning with the National Food Security Strategy 2051. Subsidiaries such as NRTC, with a legacy of over 50 years, contribute to the local supply of fresh fruits and vegetables. Mirak, a pioneer in sustainable farming, supplies tones of premium produce through an integrated value chain. Scaling National Production in Dairy, Poultry & Seafood: In line with the UAE's industrial strategy and Abu Dhabi Economic Vision 2030, Ghitha's growing portfolio of dairy and protein companies support MIITE's efforts to boost local manufacturing and reduce import dependence across vital food sectors. Through its extensive network of subsidiaries, Ghitha holds a leading position across the dairy, poultry, and beverage markets in the UAE. Through its subsidiary, Al Ain Farms Group, that unites five renowned UAE companies under one umbrella (Al Ain Farms, Marmum Dairy, Ajban Chicken, Al Jazira Poultry Farm's Golden Eggs, and Saha Arabian Farms), Group supplies more than one-third of the nation's total consumption in these categories, underscoring its critical role in the country's food supply chain. Ghitha serves a significant portion of retail outlets across the UAE, ensuring consistent product availability and contributing to food security. With its portfolio of seafood produced in Asmak state of the art facility, leveraging advanced processing technologies and stringent quality standards, the company ensures the delivery of high-quality seafood to both local and regional markets. Localizing Manufacturing and Igniting Innovation: In support of MIITE's industrial development and innovation agenda, Ghitha is actively expanding the UAE's food manufacturing base and investing in advanced technologies. Abu Dhabi Vegetable Oil Company (ADVOC) is the only edible oil refinery in Abu Dhabi, while International Food Industries (IFI) in Fujairah specializes in high quality convenience foods such as corn, beans and chickpeas. Enabling Trade, Distribution & Supply Chain Efficiency: As MIITE emphasizes integrated value chains and competitive exports, Ghitha's logistics and trading subsidiaries serve as key enablers of trade and market resilience. Zee Stores, a prominent distribution and trading company, serves a variety of consumer, hospitality, and government sectors. Royal Horizon and Overseas Foodstuff Trading supply essential staples and manage institutional food programs.
Zawya
31-01-2025
- Business
- Zawya
Ghitha Holding records 9% YoY increase in revenue to AED 4.97bln in FY-2024
Gross profit increased by 25.8% YoY to AED 977.7 million in FY-2024. EBITDA margin remained healthy at 9% in FY2024. Total assets expanded by 32.0% to AED 9.3 billion in FY-2024. 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 fiscal year ended December 31, 2024. The Group reported a total revenue of AED 4.97 billion, reflecting an increase of 8.9% compared to FY2023. The Group's top-line performance was driven by organic expansion, strategic acquisitions, and the Group's continued commitment to operational excellence. Ghitha's gross profit grew 25.8% YoY to AED 977.7 million and booked a margin increase of 2.6 percentage points YoY to 19.7% in FY-2024. The improvement in gross profitability was driven by a combination of cost efficiencies, strategic acquisitions, and synergies, contributing to a more optimized cost structure in FY-2024. Ghitha's balance sheet remained strong and recorded an increase in total assets of 32.0% to AED 9.3 billion in FY-2024. Commenting on the results, Falal Ameen, Ghitha Holding's CEO, said: '2024 was a pivotal year for Ghitha Holding as we further strengthened our position as a key player in the region's packaged food and agriculture sector. Our achievements were driven by a deliberate focus to scale our operations, optimize efficiencies, and pursue strategic investments that align with our long-term vision. From expanding into new markets to enhancing the performance of our diverse portfolio, we continued to strengthen the Group's foundations for sustained growth.' Looking ahead, the Group's focus will be on harnessing the transformative power of technology and artificial intelligence to streamline processes, improve decision-making, and unlock new opportunities for value creation. Operational consolidation will be a core driver as Ghitha Holding aims to integrate and enhance efficiencies across all businesses, ensuring agility and resilience in an evolving market landscape. With these initiatives, Ghitha is well-positioned to lead the way in driving innovation, supporting national food security objectives, and maximizing the value generated for stakeholders. About Ghitha Holding: Ghitha Holding PJSC is a private joint stock company incorporated in the Emirate of Abu Dhabi, United Arab Emirates. It operates as a subsidiary of International Holding Company (ADX: IHC). Ghitha emerged as an investment holding company; with its portfolio of subsidiaries, associates and joint ventures consisting of: Al Ain Farms, Marmum Dairy Farm, Apex Investment PSC (ADX: APEX), Al Ajban Poultry, Alliance Food Company, Zee Stores International, Agrinv (Al Hashemeya), Royal Horizon Holding, Abu Dhabi Vegetable Oil Company, Mirak, NRTC Group, Invictus Investments (ADX: INVICTUS), Anina Culinary, Al Jaraf Fisheries, International Food Industries, and HarvEst Foods. The Group is collectively engaged in dairy, poultry, fish, agriculture, food commodities, edible oils, trading and distribution. About International Holding Company (IHC): Established in 1998, IHC has become the most valuable holding company in the Middle East and one of world's largest investment firms, with a market capitalization of AED 892 billion (USD 243 billion). Since then, it has transformed to represent a new generation of investors. IHC's commitment to sustainability, innovation, and economic diversification spans over 1,000 subsidiaries, driving growth across industries like Asset Management, Healthcare, Real Estate, Financial Services, IT, and more. IHC continually looks beyond the stand-alone value of its assets for opportunities, stepping outside of traditional approaches and artificial barriers to unlock opportunities across its portfolio, enabling sector-agnostic Dynamic Value Networks and creating results that are often much greater than the sum of their parts. At IHC, we take our responsibility to shareholders, customers, and employees seriously. Our commitment to responsible investment ensures that we create sustainable value by staying connected to the communities we serve, making a positive difference with every investment. Media Contacts Ali Abdin Edelman Smithfield +971 50 322 9018
