Latest news with #FalalAmeen
Zawya
2 days ago
- Business
- Zawya
Ghitha Holding delivers 6.7% increase in revenue to AED2.61bln as strategic acquisitions drive growth in H1 2025
Gross profit rose 23% YoY to AED 599.4 million, supported by pricing discipline, a strategic shift to high-margin segments, and inorganic expansion Initiated implementation of SAP S/4HANA to modernize enterprise systems and enable scalable, digitally integrated operations. Abu Dhabi, UAE: Ghitha Holding PJSC ('Ghitha' or the 'Group'; ADX: Ghitha), a diversified conglomerate spanning agriculture, food production, and distribution, and a subsidiary of IHC, has announced its consolidated financial results for the six-month period ended 30 June 2025, with revenue growth and improved gross profit. Group revenue rose to AED 2.61 billion, up 6.7% compared to H1 last year, largely driven by inorganic growth following recent acquisitions, which expanded scale and reach. Gross profit reached AED 599.4 million, an increase of 23% YoY, reflecting the effectiveness of Ghitha's strategic pivot toward margin-led growth. This performance highlights Ghitha's disciplined execution, combining integrated acquisitions with pricing and channel optimization. Streamlining of operations, cost control together with continued commercial discipline strengthened profitability of the Group. Falal Ameen, Ghitha Holding's CEO, said: 'Our first-half results demonstrate the strength of our strategy, with a clear focus on profitable growth, disciplined portfolio integration, and value-driven execution. Growth was driven by a combination of strategic acquisitions and internal margin expansion. We continue to reshape our customer and channel mix, placing greater emphasis on profitable verticals, pricing discipline, and high-performing segments, a model that has consistently proven to strengthen our profitability and long-term sustainability. We also launched the SAP S/4HANA program during the period, an important step in modernizing our digital backbone to support future scalability and national food security goals.'' As part of its broader strategy to expand across various food segments, Ghitha continued to strengthen key verticals through M&A. In H1 2025, its subsidiary Al Ain Farms acquired Al Jazira Poultry Farm, a leading UAE-based poultry producer. The transaction, along with the successful acquisition of Arabian Farms last year, has further strengthened Ghitha's position in the protein vertical and reflects its long-term commitment to scaling high-demand categories within the national food value chain. Ghitha will build on this momentum by accelerating its operational transformation and advancing integration across its value chain. With the digitalisation program underway and a robust M&A pipeline, the Group is well-positioned to drive scalable growth while reinforcing food system resilience in alignment with national priorities. In July 2025 (Q3), Ghitha Agriculture Holding LLC, a subsidiary of Ghitha Holding PJSC, signed a Sale and Purchase Agreement ('SPA') to sell 100% of its shareholding in 'AGRINV SPV RSC LTD' to NRTC Food Holding LLC, for a consideration of USD 47 million. This transaction forms part of Ghitha's ongoing strategy to optimize its portfolio structure by consolidating businesses under focused, high-performing platforms. Following completion, Ghitha will continue to consolidate AGRINV SPV RSC LTD through NRTC. The completion of the transaction is subject to the satisfaction of customary conditions under the SPA and receipt of all necessary regulatory approvals. About Ghitha Holding: Ghitha Holding PJSC is a private joint stock company incorporated in the Emirate of Abu Dhabi, United Arab Emirates. It operates as a subsidiary of International Holding Company (ADX: IHC). Ghitha emerged as an investment holding company; with its portfolio of subsidiaries and associates consisting of: Al Ain Farms, Marmum Dairy Farm, Al Jazira Poultry Farm, Arabian Farms, Al Ajban Poultry, Alliance Food Company, Zee Stores International, Agrinv (Al Hashemeya), Royal Horizon Holding, Abu Dhabi Vegetable Oil Company, Mirak, NRTC Group, Apex Investment PSC (ADX: APEX), Invictus Investments (ADX: INVICTUS), Anina Culinary, Al Jaraf Fisheries, International Food Industries, and HarvEst Foods. The Group is collectively engaged in dairy, poultry, fish, agriculture, food commodities, edible oils, trading and distribution. About International Holding Company (IHC): Established in 1999, IHC has become the most valuable holding company in the Middle East and one of the world's largest investment firms, with a market capitalization of AED 879.6 billion (USD 239.3 billion). Since then, it has transformed to represent a new generation of investors. IHC's commitment to sustainability, innovation, and economic diversification spans over 1,300 subsidiaries, driving growth across industries like Asset Management, Healthcare, Real Estate, Financial Services, IT, and more. IHC continually looks beyond the stand-alone value of its assets for opportunities, stepping outside of traditional approaches and artificial barriers to unlock opportunities across its portfolio, enabling sector-agnostic Dynamic Value Networks and creating results that are often much greater than the sum of their parts. At IHC, we take our responsibility to shareholders, customers, and employees seriously. Our commitment to responsible investment ensures that we create sustainable value by staying connected to the communities we serve, making a positive difference with every investment.
Khaleej Times
2 days ago
- Business
- Khaleej Times
Ghitha Holding revenue increases 6.7% to Dh2.61 billion in H1 2025
Ghitha Holding, an Abu Dhabi-based diversified conglomerate spanning agriculture, food production, and distribution, and a subsidiary of IHC, on Wednesday announced that its first half group revenue rose to Dh2.61 billion, up 6.7 per cent compared to H1 last year, largely driven by inorganic growth following recent acquisitions, which expanded scale and reach. Gross profit reached Dh599.4 million, an increase of 23 per cent YoY, reflecting the effectiveness of Ghitha's strategic pivot toward margin-led growth. Falal Ameen, Ghitha Holding's CEO, said: 'Our first-half results demonstrate the strength of our strategy, with a clear focus on profitable growth, disciplined portfolio integration, and value-driven execution. Growth was driven by a combination of strategic acquisitions and internal margin expansion. We continue to reshape our customer and channel mix, placing greater emphasis on profitable verticals, pricing discipline, and high-performing segments, a model that has consistently proven to strengthen our profitability and long-term sustainability. We also launched the SAP S/4HANA programme during the period, an important step in modernising our digital backbone to support future scalability and national food security goals.'' As part of its broader strategy to expand across various food segments, Ghitha continued to strengthen key verticals through M&A. In H1 2025, its subsidiary Al Ain Farms acquired Al Jazira Poultry Farm, a leading UAE-based poultry producer. The transaction, along with the successful acquisition of Arabian Farms last year, has further strengthened Ghitha's position in the protein vertical and reflects its long-term commitment to scaling high-demand categories within the national food value chain. Ghitha will build on this momentum by accelerating its operational transformation and advancing integration across its value chain. With the digitalisation program underway and a robust M&A pipeline, the Group is well-positioned to drive scalable growth while reinforcing food system resilience in alignment with national priorities. In July 2025 (Q3), Ghitha Agriculture Holding LLC, a subsidiary of Ghitha Holding PJSC, signed a sale and purchase agreementto sell 100 per cent of its shareholding in 'AGRINV SPV RSC LTD' to NRTC Food Holding LLC, for a consideration of $47 million. This transaction forms part of Ghitha's ongoing strategy to optimize its portfolio structure by consolidating businesses under focused, high-performing platforms. Following completion, Ghitha will continue to consolidate AGRINV SPV RSC LTD through NRTC. The completion of the transaction is subject to the satisfaction of customary conditions under the SPA and receipt of all necessary regulatory approvals.
Al Etihad
2 days ago
- Business
- Al Etihad
Ghitha Holding reports Dh2.61 billion revenue for H1 2025
30 July 2025 13:06 ABU DHABI (WAM) Ghitha Holding PJSC, a subsidiary of IHC, has announced its consolidated financial results for the six-month period ended 30th June 2025, with revenue growth and improved gross the first half of 2025, the group revenue rose to Dh2.61 billion, up 6.7 percent compared to same period last year. Gross profit reached Dh599.4 million, an increase of 23 percent YoY, reflecting the effectiveness of Ghitha's strategic pivot toward margin-led Holding's CEO, Falal Ameen, said, "Our first-half results demonstrate the strength of our strategy, with a clear focus on profitable growth, disciplined portfolio integration, and value-driven execution. Growth was driven by a combination of strategic acquisitions and internal margin expansion.""We continue to reshape our customer and channel mix, placing greater emphasis on profitable verticals, pricing discipline, and high-performing segments, a model that has consistently proven to strengthen our profitability and long-term sustainability. We also launched the SAP S/4HANA programme during the period, an important step in modernising our digital backbone to support future scalability and national food security goals."As part of its broader strategy to expand across various food segments, Ghitha continued to strengthen key verticals through mergers and acquisitions (M&A).In H1 2025, its subsidiary Al Ain Farms acquired Al Jazira Poultry Farm, a leading UAE-based poultry transaction, along with the successful acquisition of Arabian Farms last year, has further strengthened Ghitha's position in the protein vertical and reflects its long-term commitment to scaling high-demand categories within the national food value will build on this momentum by accelerating its operational transformation and advancing integration across its value chain. With the digitalisation programme underway and a robust M&A pipeline, the Group is well-positioned to drive scalable growth while reinforcing food system resilience in alignment with national priorities.
Zawya
2 days ago
- Business
- Zawya
UAE: Ghitha Holding reports $711mln revenue for H1 2025
ABU DHABI - Ghitha Holding PJSC, a subsidiary of IHC, has announced its consolidated financial results for the six-month period ended 30th June 2025, with revenue growth and improved gross profit. During the first half of 2025, the group revenue rose to AED2.61 billion, up 6.7 percent compared to same period last year. Gross profit reached AED599.4 million, an increase of 23 percent YoY, reflecting the effectiveness of Ghitha's strategic pivot toward margin-led growth. Falal Ameen, Ghitha Holding's CEO, said, 'Our first-half results demonstrate the strength of our strategy, with a clear focus on profitable growth, disciplined portfolio integration, and value-driven execution. Growth was driven by a combination of strategic acquisitions and internal margin expansion. "We continue to reshape our customer and channel mix, placing greater emphasis on profitable verticals, pricing discipline, and high-performing segments, a model that has consistently proven to strengthen our profitability and long-term sustainability. We also launched the SAP S/4HANA programme during the period, an important step in modernising our digital backbone to support future scalability and national food security goals.'' As part of its broader strategy to expand across various food segments, Ghitha continued to strengthen key verticals through mergers and acquisitions (M&A) In H1 2025, its subsidiary Al Ain Farms acquired Al Jazira Poultry Farm, a leading UAE-based poultry producer. The transaction, along with the successful acquisition of Arabian Farms last year, has further strengthened Ghitha's position in the protein vertical and reflects its long-term commitment to scaling high-demand categories within the national food value chain. Ghitha will build on this momentum by accelerating its operational transformation and advancing integration across its value chain. With the digitalisation programme underway and a robust M&A pipeline, the Group is well-positioned to drive scalable growth while reinforcing food system resilience in alignment with national priorities.
Mid East Info
22-05-2025
- Business
- Mid East Info
Ghitha Holding Leverages SAP Business AI for Digital Transformation to Advance UAE Food Security Goals
Ghitha Holding PJSC, a UAE-based diversified conglomerate spanning agriculture, food production, and distribution, a subsidiary of International Holding Company PJSC (IHC), has partnered with SAP to digitally transform core businesses. The announcement was finalized during this week's 'Make it in the Emirates' forum in Abu Dhabi, reinforcing Ghitha's commitment to strengthening the UAE's food security and industrial resilience through advanced technology. 'This is a major step towards future-proofing operations and accelerating our contribution to the UAE's food security agenda,' said Falal Ameen, CEO of Ghitha Holding. 'We are investing in world-class digital infrastructure to make our businesses more agile, more intelligent, and more responsive to the evolving needs of the nation and the region.' The digital transformation modernizes Ghitha's IT landscape, streamline operations, enhances supply chain visibility, and harnesses SAP Business AI to drive smarter decision-making through real-time business insights, predictive tools, and improved workforce planning. These advancements will strengthen Ghitha's ability to anticipate demand, improve traceability, and operate more efficiently, all of which are critical to ensuring a reliable food supply. 'Ghitha Holding is setting a powerful example of how targeted digital investment can unlock long-term strategic value,' said Marwan Zeineddine, Managing Director of SAP UAE. 'By integrating AI, cloud, and planning capabilities, Ghitha is building the digital backbone needed to support national priorities and seize new growth opportunities.' NTT DATA, the global technology and consulting leader, will be carrying out the implementation of the initiative. As part of the collaboration, Ghitha Holding and NTT DATA will also co-develop a pioneering digital solution designed for the consumer-packaged goods (CPG) sector, focused on dairy and poultry. Drawing on deep industry knowledge and technological innovation, this new platform is expected to serve as a regional benchmark and encourage wider digital adoption in the sector. Dr. Bahri Danış – Executive Vice President of NTT DATA META region, commented: 'We are honored to be Ghitha Holding's strategic partner on this journey. This project represents the power of technology when combined with visionary leadership. By joining forces to co-create a CPG-focused solution, we aim to deliver lasting value — not only for Ghitha, but for the wider industry. It is a privilege to support a future-ready organization that is committed to innovation.' The comprehensive SAP digital transformation project will span two years, with the first phase expected to go live around mid-2026.
