Agthia to combine with Al Foah, a date processing and packaging company, in UAE deal

Agthia Group's shareholders approved a merger with Al Foah Company, the largest date processing and packaging company, in exchange for mandatory convertible instruments worth $122.5 million issued by Agthia.

“Under the agreement Senaat will hand over the entire issued share capital of its subsidiary Al Foah to Agthia, in return for the issuance of mandatory convertible instruments.”gccbusinessnews.com

• 1 source
• gccbusinessnews.comAgthia to secure leadership in F&B sector with Al Foah deal - GCC Business NewsNov 30, 2020

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