Agthia Group Company Research Report
Company Overview
Name and Mission
Name: Agthia Group PJSC
Mission: Providing diverse and responsibly produced brands; driven by innovative, passionate people.
Founding and Headquarters
- Founded in: 2004
- By: The UAE’s late Founding Father His Highness Sheikh Zayed bin Sultan Al Nahyan (roots tracing back to 1978)
- Headquarters: Abu Dhabi, UAE
Key People
- Chairman: Khalifa Sultan Al Suwaidi
- Vice-Chairman: Salmeen Alameri
- Chief Executive Officer: Alan Smith
- Other Key Executives: Sherif Elfaham (CFO), Ramy Merdan (COO), Vanderlei Santos (CDO), Abdulla Al Marzooqi (CPO), Mubarak Al Mansoori (President – Snacking & Government Relations), Ahmad T. Yahya (President - Water & Food (GCC)), Declan Bennett (President – Protein), Nizar Kayali (President - Flour & Feed), Mohammad Amro (Group General Counsel), Hala Hobeiche Katounas (Senior Vice President – M&A)
Employees and Revenue
- Number of Employees: Over 12,000
- Revenue: AED 2.5 billion (H1 2024)
Known For
Agthia is known for its integrated portfolio of world-class food and beverage products, distributed predominantly across the Middle East and North Africa, with reputable brands like Al Ain Water, Al Foah, and Al Faysal Bakery & Sweets.
Products
Product Offerings
1. Snacking
- Brands like Al Foah, Yoplait, Abu Auf; products like instant coffee jars, espresso beans, protein bars, and nut bars.
2. Proteins and Frozen Foods
- Brands like Nabil Foods; products include high-quality beef and chicken burgers and frozen potatoes.
3. Water & Food
- Brands like Al Ain Water; products include bottled water and tomato paste.
4. Agri-Business
- Products within Grand Mills and Agrivita, offering specialty flour and dairy premixes.
High-Level Product Descriptions and Features
- Water & Food: Al Ain Water maintains a leading market position, with innovations like glass bottled water.
- Snacking: Expansive coffee and snacking product lines with a focus on innovation, including savory popcorn and crackers.
- Proteins & Frozen: Emphasizing product variety and premium quality in frozen meats.
- Agri-Business: Developing specialty products to cater to specific client needs in flour and feed.
Recent Developments
Financial and Strategic Highlights
- Revenue Growth: Reported 14.7% YoY increase in net revenue for the first half of 2024, with strong growth across all segments.
- Profitability: Achieved a 31.8% increase in group net profit YoY for H1 2024.
- Strategic Expansion: Opened a new state-of-the-art protein manufacturing facility in Jeddah, KSA, with a capacity exceeding 7,000 tons.
- Dividend Policy: Approval of a 25% increase in interim dividends, reflecting strong financial performance.
Product Innovation and Launches
- Snacking: Launched new products including organic date ranges and diversified coffee portfolio items.
- Proteins & Frozen: Introduced new product ranges, including premium quality beef and chicken products in Jordan and the UAE.
Partnerships and Acquisitions
- Integration: Successful integration of BMB Group into its snacking division.
- Stake Consolidation: Consolidated an additional 10% stake in Egyptian Healthy Snacks and Coffee Company Auf Group.
Technological and Operational Advancements
- Digital Transformation: Launched a new Al Ain water home delivery app and implemented AI and geo-location tools for operational safety.
- Sustainability Initiatives: Reduced CO2 emissions by 7.6% YoY in H1 2024 and began trials with electric vehicles for further emission reductions.
Market Position
- Strategic Positioning: Continued efforts in transforming Egypt into an export hub, reinforcing market positions in MENA with an emphasis on innovation and operational excellence.
In conclusion, Agthia Group PJSC epitomizes a robust enterprise with an extensive product portfolio and strategic international presence, underscored by innovative growth and an unwavering commitment to sustainability and market leadership in the food and beverage industry.
