ADQ, based in Abu Dhabi, which specialises in the cultivation, production and trading of animal feed has has agreed to acquire a 50 percent stake in global agribusiness company Al Dahra Holding Company.
“Food and agribusiness if of importance to ADQ’s strategy because it is high growth and important for Abu Dhabi’s socio-economic agenda,” said Mohammed Hassan Alsuwaidi, ADQ’s CEO. “Since 1995 when Al Dahra was founded in the UAE, it has grown into a global food and animal feed company and is a pillar of Abu Dhabi and our country’s food security mandate.”
“Al Dahra will complement our existing efforts to extend ADQ’s reach in food production and distribution,” he added. “With our investment, Al Dahra will be well positioned to further expand its reach and footprint while enabling Abu Dhabi to reach its goals of continuing to diversify its food sources and growing into a regional food hub.”
