Agthia Group PJSC, a leading food and beverages company, today announced that it has successfully completed its transaction to acquire 100% share capital of Al Faysal Bakery and Sweets, one of Kuwait’s leading industrial bakeries.
The acquisition also quadruples the size of the Group’s business in Kuwait, which includes the joint venture Al Rammah National for General Trading and Contracting Company WLL that produces Al Ain Water.
“Agthia Group is committed to significantly increasing its regional presence through a diversified portfolio that will drive compelling value to shareholders. Acquiring Al Faysal Bakery and Sweets marks a key milestone for Agthia, enabling the Group to accelerate on its roadmap and strengthen its leading role in the FMCG sector.”
“Al Faysal Bakery and Sweets’ brand heritage, along with its diverse products and in-house distribution capabilities will allow us to capture an even greater opportunity in the Kuwaiti market. We are positive about the future prospects of Agthia Group in the consumer business market of the Mena region and the opportunities that we can capitalise on.”
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