Abu Dhabi’s Bildco buys into food trading in a bet on the UAE’s supply chain priorities

Abu Dhabi building materials company Bildco is buying into food trading — a move that signals the company is repositioning itself as a diversified holding group, according to a press release (pdf). The company has agreed to acquire a 50% stake in Dubai-based AG Group, which trades fresh produce, runs juice production operations, and manages a logistics network that serves clients including Emirates Flight Catering, Americana, Majid Al Futtaim, and ADNH Compass.

This is Bildco making its first move beyond its core sector. The company says the transaction is part of a long-term strategy to build exposure to sectors tied to the UAE’s food security and supply chain agenda.

What we know so far: Financial terms were not disclosed, and the transaction remains subject to shareholder and regulatory approvals, independent valuation, and due diligence.

BACKGROUND- AG Group operates 22 warehouses, a fleet of 351 vehicles, and 80 loading bays. It counts more than 1k customers across fresh fruit and vegetables, agriculture, real estate, and logistics.