Agthia Acquires Additional 10% Stake in Abu Auf
Agthia Group, leading regional food and beverage company in the UAE, on Thursday announced the consolidation of an additional 10% stake in Abu Auf, a leading Egyptian healthy snacks and coLee brand, increasing its ownership to 80%.
This strategic move aligns with Agthia’s ambition to drive growth in high-potential categories and build on successful partnerships. The Auf family will continue to drive the business, ensuring continued agility, innovation, and operational excellence, the company, which is listed on Abu Dhabi Securities Exchange (ADX), said in a bourse disclosure this morning.
Since acquiring an initial 60% stake in 2022 and another 10% in February 2024, Agthia and Abu Auf have achieved remarkable milestones together. Over the past two years, Abu Auf has opened more than 100 new stores and increased EBITDA by over 70% in AED terms.
In 2024 alone, Abu Auf’s revenue grew by 33% y-o-y in AED despite EGP devaluation challenges, highlighting the resilience of the business and the strategic value of this partnership.
Reaching Out to More Consumers
Agthia Group’s CEO Alan Smith said that Abu Auf embodies entrepreneurial spirit, operational excellence, and a relentless drive for growth. This additional investment reflects Agthia’s belief in the company’s potential and our commitment to bringing their innovative products to more consumers across Egypt and beyond.
Abu Auf Group CEO Ahmed Auf said that his company was an Egyptian home grown food and beverage brand that was is not only about a diverse portfolio of premium coLee and quality food products, but also about agility and growth opportunities wherever they may be present.
With Agthia’s scale and expertise, Abu Auf has accelerated on the growth journey and remains firmly committed to continued innovation and expansion, he added.
Agthia Group is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.
The Group’s assets are located in the UAE, Saudi Arabia, Kuwait, Oman, Egypt, Turkey, and Jordan and it offers a world-class portfolio of integrated businesses providing high-quality and trusted food and beverage products for consumers across the UAE, GCC, Turkey, the wider Middle East, South America and Asia.
More than 12,000 employees are engaged in the manufacturing, distribution, and marketing of various products in categories such as Water & Food (Al Ain Water, Al Bayan, Alpin Natural Spring Water, VOSS, Al Ain Food & Trading Items); Snacking (Al Foah, Al Faysal Bakery & Sweets, BMB, Abu Auf); Protein and Frozen (Nabil Foods, Atyab, Al Ain Frozen Vegetables); and Agri-Business (Grand Mills, Agrivita).
