Emirates Food Industries Prepares for Abu Dhabi Stock Market Listing, Expanding to Strengthen UAE’s Food Security Initiatives
Emirates Food Industries (EFI), a prominent force in the UAE’s food and agriculture sector, has announced its intention to partially list its shares on the Abu Dhabi Securities Exchange (ADX). This strategic move aligns with the UAE’s commitment to enhancing national food security and enables EFI to capitalize on new growth opportunities in local and regional markets.
EFI, a subsidiary of the Abu Dhabi-based investment firm National Holding, operates through an extensive network of manufacturing, logistics, and distribution facilities across the UAE. The company specializes in agriculture, animal feed, and dairy products, positioning itself as a crucial player in ensuring a sustainable and reliable food supply for the nation. Headquartered in Abu Dhabi, EFI’s operations are driven by a mission to support the UAE’s goal of self-sufficiency in essential food items.
Wasfi Kaso, CEO of Emirates Food Industries, expressed his enthusiasm about the listing: “This secondary listing is an integral and strategic step towards our ambitious five-year plan of expansion and capability development. We believe the UAE’s capital markets offer the ideal platform to support our growth objectives, which include advancing food security and reinforcing our partnerships within the agricultural sector. Our goal is to solidify EFI’s role as a key contributor to the UAE’s food-security agenda.”
A major component of EFI’s expansion is its state-of-the-art dairy factory, currently under final construction in Al Ain. The facility, which will be operated by EFI’s subsidiary National Dairy, is dedicated to the production and processing of high-quality dairy products tailored to meet the demand of consumers in the UAE and the broader Gulf region. Expected to become fully operational by the first quarter of 2025, the factory will bolster EFI’s position as a leading provider of dairy products and contribute to reducing the UAE’s reliance on imported dairy goods.
EFI has also taken steps to expand its product offerings and market reach through key partnerships. In September, the company formed an alliance with Israeli food conglomerate Tnuva, a move that will further enhance its capabilities in the dairy sector and provide a competitive edge within the regional market. This collaboration exemplifies EFI’s dedication to fostering innovative solutions and scaling its operations to serve the region’s growing demand for locally produced, sustainable food products.
The partial listing will not only grant EFI access to new capital but also support its comprehensive growth strategy. With increased financial backing, EFI can advance its research and development efforts, invest in sustainable production practices, and further strengthen its role in ensuring food security for the UAE. The listing on ADX represents an exciting opportunity for investors seeking to support a vital industry player at the forefront of the UAE’s food-security initiatives.
EFI’s planned expansion underscores its commitment to fostering a resilient and self-sustaining food supply chain in the UAE while reinforcing Abu Dhabi’s capital markets as a hub for meaningful investment opportunities. This move positions EFI to meet both immediate and long-term objectives in line with the UAE’s national food security strategy, empowering the nation to meet future food challenges with greater independence and innovation.