Ghitha’s Subsidiary Al Ain Farms Acquire Al Jazira Poultry

Ghitha Holding, a diversified conglomerate spanning agriculture, food production, and distribution, on Friday announced that its subsidiary Al Ain Farms has signed a Share Purchase Agreement (SPA) to acquire Al Jazira Poultry Farm, a leading UAE-based poultry producer, for $77.59 million.

The agreement was signed in March this year and the acquisition further strengthens the Group’s position in the protein vertical and forms part of its broader strategy to expand across essential food segments.

Moreover, the transaction builds on the Group’s successful acquisition of Arabian Farms completed last year, Ghitha said in a disclosure with Abu Dhabi Securities Exchange (ADX) this morning.

Al Ain Farms was established in 1981 by the UAE’s Founding Father, the late H H Sheikh Zayed bin Sultan Al Nahyan, and holds the distinction of being the first dairy company in the UAE. The acquisition by the Al Ain Farms is expected to cement its position as the leader in the poultry sector.

The acquisition by the Al Ain Farms is expected to cement its position as the leader in the poultry sector.

Al Jazira Poultry Farm, an egg production facility founded in Dubai in 1999, has grown to become the largest egg producer in the UAE. Its eggs, dubbed ‘Golden Eggs,’ are renowned for their rich golden-yellow yolks.

Financial Results for Q1-25

Ghitha has delivered a strong start to the year, reporting revenue of $370 million, representing a 7.2% increase compared with the same period in 2024. The company’s gross profit reached $83.83 million, up 27.1% y-o-y in the first quarter of this year, while operating profit rose 6.4% y-o-y to $20.91 million on the back of cost efficiencies and improved products mix during the period.

The Group’s performance for the period reflects successful organic growth efforts, operational momentum, and contributions from recent acquisitions, Ghitha said in the disclosure.

Ghitha Holding’s CEO Falal Ameen said that the first quarter results reflected company’s disciplined execution and strong foundations. The contribution of recent acquisitions to this quarter’s performance marks a tangible milestone in their acquisition strategy, and they were excited about the future potential of the latest deal with Al Jazira Poultry Farm.

“Ghitha will continue to explore further opportunities aligned with its strategic vision, with active pipelines across the food segment,” he added.

Looking ahead, Ghitha will focus on technology implementation and digital innovation to elevate decision-making, streamline operations, and enhance competitiveness across its value chain. As the Group strengthens its position in food value streams, M&A will remain a core pillar, with an emphasis on operational integration, efficiencies, and maximising value creation.

Ghitha Holdings, which is part of the International Holding Company (IHC), focuses on sectors related to food production, processing and distribution. It is valued at $1.19 billion.