United Arab Emirates-based Emirates Food Industries (EFI) is to partially list its shares on the Abu Dhabi Securities Exchange.
The food and agriculture business, owned by Abu Dhabi-based National Holding, said the secondary listing is linked to plans to expand operations in support of the UAE’s food-security programme.
Headquartered in Abu Dhabi, EFI has manufacturing, logistics and distribution operations across the UAE, with interests in agriculture, animal feed and dairy.
CEO Wasfi Kaso said: “This listing is an integral and strategic step towards our ambitious five-year plan of expansion and capability development. It would make sense to look to the UAE’s capital markets to support us in our growth plans as we look to solidify our role as a partner in the UAE’s food-security agenda.”
EFI is currently in the final stages of completing its new dairy factory in Al Ain, operated by its subsidiary National Dairy.
The factory will be dedicated to the production and processing of dairy products for the UAE and wider Gulf region. It will be operational by the first quarter of 2022.
In September, EFI teamed up with Israeli food company Tnuva in an attempt to expand its presence in the dairy sector.