# 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.

- Type: Acquisition
- Announced: 2020-11-30
- Where: United Arab Emirates
- Value: $122.5M
- Status: announced
- Products: dates, water, flour, animal feed

## Companies

- [Agthia Group](https://endata.com/companies/7288.md) (acquirer)
- [Al Foah Company](https://endata.com/companies/7289.md) (target)

## Sources

- [gccbusinessnews.com](https://www.gccbusinessnews.com/agthia-to-secure-leadership-in-fb-sector-with-al-foah-deal/), 2020-11-30: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.