Agthia Group PJSC has increased its stake in Egypt’s Abu Auf to 80% after acquiring an additional 10% share. The move strengthens Agthia’s position in the packaged food sector while reinforcing its partnership with the Egyptian healthy snacks and coffee brand.
The Auf family will continue to manage operations, focusing on product innovation and market expansion. Agthia initially acquired a 60% stake in Abu Auf in 2022 and raised its shareholding to 70% in early 2024 before the latest consolidation.
Abu Auf has expanded significantly over the past two years, opening more than 100 new stores and increasing EBITDA by over 70% in AED terms. The company’s portfolio includes packaged coffee, nuts, and confectionery, catering to both local and export markets.
“Abu Auf is a proud Egyptian food and beverage brand, committed to quality and growth opportunities,” said Ahmed Auf, CEO of Abu Auf Group. “With Agthia’s scale and expertise, we have accelerated our expansion and remain focused on innovation.”
Agthia’s investment comes as part of its broader strategy to enhance its packaged food portfolio and regional distribution. Alan Smith, CEO of Agthia Group, emphasized the importance of this acquisition in expanding market reach.
“This investment reflects our confidence in Abu Auf’s potential and our commitment to delivering their products to more consumers,” Smith stated.
Agthia reported a net profit of AED 322 million (US$88 million) in 2024, a 7% increase from 2022. Its Egyptian operations recorded 8% year-on-year revenue growth despite currency fluctuations, with exports surging 52% to AED 105 million. The company continues to position Egypt as a key manufacturing and distribution hub for packaged food products.