A company source said that the company’s group International Holdings Abu Dhabi agreed to buy 41% of Nassar Al-Rifai Trading Company, a fruit and vegetable import and export company, in a deal worth 166 million dirhams ($45.20 million).
The source said that the deal will be completed next week, adding that it is in line with Al Alamiah Holding’s plans to strengthen its position in the food security sector.
Global Holding, which has a market value of about $73 billion, announced an increase in profits in the past year and a half, and its share price has more than tripled this year to 146.2 dirhams, until the end of trading today.
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