Latest news with #GhithaHolding
Zawya
5 days ago
- Business
- Zawya
IHC-backed Ghitha to sell 100% stake in AGRINV SPV to NRTC for $47mln
Ghitha Agriculture Holding, a subsidiary of UAE-based food manufacturing firm Ghitha Holding, has signed deal to sell 100% of its shareholding in AGRINV SPV, an investment company specialising in the agricultural field, to NRTC Food Holding for $47 million. Ghitha Holding, which operates as a subsidiary under Abu Dhabi's International Holding Company (IHC), will continue to consolidate AGRINV SPV through NRTC, which is amongst the largest fruit and vegetable trading companies in the UAE. In October 2021, IHC Food Holding acquired a 41% stake in NRTC Holding in a $45.20 million deal. (Writing by Bindu Rai, editing by Seban Scaria)
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.
Al Etihad
22-05-2025
- Business
- Al Etihad
Ghitha Holding leverages SAP business AI for digital transformation
22 May 2025 19:22 ABU DHABI (WAM)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 finalised during 'Make it in the Emirates' forum in Abu of Ghitha Holding, Falal Ameen, said, 'This is a major step towards future-proofing operations and accelerating our contribution to the UAE's food security agenda.''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 modernises Ghitha's IT landscape, streamlines 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 Director of SAP UAE, Marwan Zeineddine, said, 'Ghitha Holding is setting a powerful example of how targeted digital investment can unlock long-term strategic value.''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 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 Vice President of NTT DATA META region, Dr. Bahri Danış, commented, 'We are honoured 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 organisation 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.
Zawya
22-05-2025
- Business
- Zawya
Ghitha Holding leverages SAP Business AI for digital transformation to advance UAE food security goals
ABU DHABI, UAE – 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. About SAP As a global leader in enterprise applications and business AI, SAP (NYSE:SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit About NTT DATA Business Solutions NTT DATA Business Solutions is a leading global IT service provider focused on SAP with a powerful ecosystem of partners. With more than 35 years of in-depth experience, we enable companies worldwide to become Intelligent Enterprises. We deliver end-to-end solutions that accelerate sustainable growth and success – from strategic consulting and implementation to managed services and beyond. As a global strategic SAP partner, we drive innovation and leverage the latest technologies to support our customers individually and across all industries. Our more than 16,700 dedicated employees in over 30 countries work passionately every day to make it happen. NTT DATA Business Solutions is part of NTT DATA, a $30+ billion trusted global innovator of business and technology services headquartered in Tokyo. As One NTT DATA we serve 75% of the Fortune Global 100 and are committed to helping customers innovate, optimize and transform for long-term success. NTT DATA is part of NTT Group.
The National
22-05-2025
- Business
- The National
Abu Dhabi's Ghitha aims to double revenue to $2.7bn in three years through acquisitions
Abu Dhabi-listed Ghitha Holding aims to double its revenue to Dh10 billion ($2.72 billion) in the next three years by expanding its asset base through mergers and acquisitions and entering new export markets including the US, its chief executive said. The trading and food distribution subsidiary of Abu Dhabi's International Holding Company has a strong M&A pipeline and is interested in buying assets in the UAE, in the Middle East and North Africa region and in markets as far away as Indonesia, Falal Ameen, group chief executive of Ghitha Holding, told The National in Abu Dhabi. 'The last year we had revenue of Dh5 billion … we need to double it within three years,' Mr Ameen said on the sidelines of the Make it in the Emirates event. 'We need to find new M&A [opportunities], improve efficiencies, and find new export markets, not only in the UAE but outside as well.' The company, which rebranded from Zee Stores to Ghitha Holding in January 2022, plans to fund acquisitions of assets through a combination of bank lending and funds from its own coffers. Ghitha is open to acquiring assets that 'add value' to the company's existing business lines of food production, distribution and farming. 'M&A is one of the quickest and fastest, and it is not only the fastest way [to grow], but once you merge, you can reduce a lot of cost, you can synchronise the logistics system … [and] can use expertise, our software, to improve their production,' Mr Ameen said. Ghitha is a frontline company in the UAE's National Food Security Strategy 2051. The programme, which aims to make the country the world's best in the Global Food Security Index by 2051, seeks to broaden local production, boost regional interconnectivity and broaden its food supply chains. The UAE is also encouraging the expansion of food-related industries as part of the national strategy. Ghitha has already been on an acquisition spree in the past few quarters, and Mr Ameen said it has full backing of the board and its majority shareholder IHC – the biggest listed company in the UAE – to pursue the aggressive growth strategy. In March, its subsidiary Al Ain Farms signed a deal to acquire UAE-based Al Jazira Poultry Farm for Dh285 million, after buying assets of Arabian Farms Investments for Dh240 million in July, which included its operations in the UAE and Saudi Arabia. This week, Al Ain Farms as well as UAE food companies Marmum Dairy, Al Ajban Chicken, Al Jazira Poultry Farm's Golden Eggs, and Saha Arabian Farms were also consolidated into the Al Ain Farms Group to support the country's food production capabilities. The group supplies more than one-third of the nation's total consumption in dairy, poultry and beverages and aims to be the region's leading provider in those segments. In October, Ghitha also said it is acquiring a 70 per cent stake in Fujairah's International Food Industries, through its subsidiary Zee Stores International, for Dh41 million. In December, however, it abandoned plans to take a 44 per cent stake in Turkish cargo carrier MNG Airlines, amicably ending the $211 million deal that was first announced in February last year. 'We have so many deals in the pipeline … looking, not on the money, but looking how we can collaborate, how we can merge, what is adding value for us, connect with us,' Mr Ameen said. The company owns a 9,000-hectare farm in Egypt that produces everything from mangoes to tomatoes, citrus and dates. Next on the radar is Indonesia where the company plans to acquire farms to tap into the country's palm oil processing centres. However, a final decision on that investment has yet to be made, he said. Ghitha also produces seafood products through its Asmak production site and operates Abu Dhabi Vegetable Oil Company, the only edible oil refinery in Abu Dhabi. It exports to markets in the Gulf and has done a 'trial run' exporting seafood to the US, Mr Ameen said. The US seafood market presents a huge opportunity since most of its imports are from China, and given the trade tiff between the two nations, countries like the UAE that are only subject to a 10 per cent levy by Washington could step in. Further clarity on the tariff plans from the US will help the company evaluate potential exports to markets in Europe, he said.
