UAE's Agthia Group Increases Stake in Egypt's Abu Auf to 80%
Feb 24, 2025
Agthia Group, a UAE-based food and beverage company, has increased its stake in Egyptian healthy snacks and coffee brand Abu Auf to 80%. This move follows Agthia's initial 60% acquisition in 2022, and a 10% increase in 2024.
Despite economic challenges and currency devaluation in Egypt, Abu Auf has demonstrated resilience, reporting a 33% year-on-year revenue increase in 2024 (in AED) and a 70% rise in earnings before interest, taxes, depreciation and amortisation (EBITDA). The company has also expanded its footprint with over 100 new store openings in the past two years.
While Agthia strengthens its ownership, the Auf family will continue leading daily operations, ensuring a focus on innovation, operational efficiency, and premium product offerings.
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