{"id":661094,"date":"2025-02-23T00:00:00","date_gmt":"2025-02-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/23\/abu-dhabis-aghthia-group-now-owns-80-of-abu-auf\/"},"modified":"2025-02-23T00:00:00","modified_gmt":"2025-02-23T00:00:00","slug":"abu-dhabis-aghthia-group-now-owns-80-of-abu-auf","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/23\/abu-dhabis-aghthia-group-now-owns-80-of-abu-auf\/","title":{"rendered":"Abu Dhabi\u2019s Aghthia Group now owns 80% of Abu Auf"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE\u2019s Aghth<\/strong><strong>ia <\/strong><strong>takes bigger<\/strong><strong> bite of Abu Auf: <\/strong>ADX-listed food giant Aghthia Group nabbed an additional 10% stake in homegrown snack-maker Abu Auf, bringing its total holding in the specialty nut and date processor to 80%, it said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/2019.pdf\" style=\"\" rel=\"noopener\">a filing (pdf)<\/a> to the ADX. The financial terms of the transaction were not disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first we\u2019re hearing of it:<\/strong> Aghthia \u2014 majority-owned by Abu Dhabi sovereign wealth fund ADQ \u2014 has been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/116a2c54-e0f8-48c8-8ab7-dcd66b0aeffe\/b-investments-granted-more-time-to-submit-mto-for-ofh.-plus:-agthia-ups-stake-in%253cmark%253e-abu-auf%253c%2Fmark%253e,-basata-acquires-jordanian-fintech-stake\" style=\"\" rel=\"noopener\">gradually upping its stake<\/a> in the company. The Emirati food giant first acquired <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bfd029da-b02c-4cc7-963e-40537643f0c3\" style=\"\" rel=\"noopener\">a 60% interest<\/a> in Abu Auf back in 2022 before it secured another 10% in February 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move strengthens Agthia\u2019s foothold in Egypt\u2019s fast-growing food market and <\/strong><strong>bolsters its local operations<\/strong>, which contributed 20% of total revenues in 2024, up from 15-16% the previous year, despite economic headwinds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Abu Auf, by the numbers: <\/strong>Abu Auf has expanded aggressively since the acquisition, opening 100 new stores over the past two years. The company reported a 33% y-o-y jump in revenues in 2024 in AED, despite the float of the EGP, with EBITDA soaring by over 70% y-o-y in AED terms.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cWith Agthia\u2019s scale and expertise, Abu Auf has accelerated on the growth journey and remains firmly committed to continued innovation and expansion,\u201d Abu Auf CEO Ahmed Auf said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The financial terms of the transaction were not disclosed<\/p>\n","protected":false},"author":1,"featured_media":661095,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[1709,1326,72,7128],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-661094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-abu-auf","tag-agthia","tag-enterpriseam","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"cae0897d-ac42-4d14-80b4-f1b91eec118f","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/2093.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Abu Dhabi\u2019s Aghthia Group now owns 80% of Abu Auf","related_issue":[661079],"teaser":"The financial terms of the transaction were not disclosed","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.bf28e804-bc7d-47da-852d-f120718d140c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The stake was sold by three members of the Auf family as well as Tanmiya\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/7.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547851,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/17\/adqs-agthia-to-buy-majority-stake-in-auf-group\/","url_meta":{"origin":661094,"position":3},"title":"ADQ\u2019s Agthia to buy majority stake in Auf Group","author":"enterpriseam admin","date":"17 July 2022","format":false,"excerpt":"Abu Auf parent company is selling a majority stake to Agthia: Emirati food and beverage major Agthia will acquire 60% of Egyptian healthy food company Auf Group for EGP 2.9 bn, the company said in a disclosure (pdf) to the Abu Dhabi stock exchange on Thursday. Agthia, which is majority-owned\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/167.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546050,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/abu-auf-pushes-ipo-plans-to-2h-2022-on-war-worries\/","url_meta":{"origin":661094,"position":4},"title":"Abu Auf pushes IPO plans to 2H 2022 on war worries","author":"enterpriseam admin","date":"26 April 2022","format":false,"excerpt":"Healthy food brand Abu Auf\u2019s parent company AUF is pushing its planned EGX debut to the second half of 2022, CEO Ahmed Auf told Enterprise. The company had initially planned to IPO on the exchange during the second quarter, but fallout in emerging markets from the war in Ukraine has\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/354.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553867,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/12\/abu-auf-to-step-up-international-sales-drive\/","url_meta":{"origin":661094,"position":5},"title":"Abu Auf to step up international sales drive","author":"enterpriseam admin","date":"12 December 2021","format":false,"excerpt":"EGX-bound healthy foods brand Abu Auf is looking to grow its export volume 30% in 2022, aiming to ramp up sales of nuts, coffee and healthy foodstuffs to new foreign markets including Kuwait, Bahrain, Morocco, France, Germany, and several African countries, according to Ahmed Auf, CEO of parent company AUF.It\u2019s\u2026","rel":"","context":"In &quot;Food&quot;","block_context":{"text":"Food","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/food\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/661094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=661094"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/661094\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/661079"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/661095"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=661094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=661094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=661094"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=661094"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=661094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}