Abu Dhabi-based Ghitha Holding, through its subsidiary Al Ain Farms for Livestock Production, has signed a landmark agreement to acquire full assets of Arabian Farms Investments, a leading poultry producer in Saudi Arabia.
Transaction Highlights
The acquisition deal, valued at AED240 million ($65.3 million), includes all assets of Arabian Farms across the UAE and Saudi Arabia. The transaction is subject to regulatory approvals and completion of share purchase agreement conditions.
About Arabian Farms
Established in 1978, Arabian Farms is a renowned player in the poultry industry, famous for its Saha brand of poultry products. The company boasts an impressive production capacity, churning out over 270 million eggs annually and rearing over 8.7 million birds.
Ghitha Holding’s Expanding Portfolio
Ghitha Holding is a trading and distribution firm operating as a retail subsidiary under IHC Abu Dhabi. Founded in 2002, the company has evolved into an investment holding company with a diverse portfolio of subsidiaries, including Al Ajban Poultry, Alliance Food Company, Zee Stores International, and more.
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