Agthia looking at acquisition targets as it looks to expand in KSA
Agthia, the Abu Dhabi-based food and beverage company, has funding available for deals with "strong focus" on expansion in Saudi Arabia according to CEO Tariq Al Wahedi. Agthia is targeting USD1bn in revenue by 2020 through expansion in Saudi Arabia and new products. The company made AED150mn revenue in Saudi Arabia last year, expects 300%-400% growth in kingdom over next 3 years. The CEO said that Agthia are investing heavily in Saudi Arabia. In the next three years, most of our investment and expansion growth will be coming from Saudi Arabia.
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