UAE’s Agthia Group increases stake in Egypt’s Abu Auf to 80%

Updated 2/20/2025 8:10:00 AM
UAE’s Agthia Group increases stake in Egypt’s Abu Auf to 80%

Arab Finance: Emirati food and beverage leader Agthia Group has raised its ownership in Egypt’s healthy snacks and coffee company Abu Auf to 80% after acquiring an additional 10% stake, according to an emails press release.

“This strategic move aligns with Agthia’s ambition to drive growth in high-potential categories and build on successful partnerships,” the group said.

Agthia, which is majority-owned by Abu Dhabi’s sovereign wealth fund ADQ, initially acquired 60% of Abu Auf in 2022, followed by another 10% stake in February 2023.

The company has seen significant growth in Egypt, with Abu Auf opening more than 100 new stores over the past two years.

 

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