What Ghitha Holding does

Ghitha Holding PJSC is an Abu Dhabi-based diversified food and agriculture investment holding company, publicly listed on the Abu Dhabi Securities Exchange (ticker GHITHA) and operating as a wholly-owned subsidiary of International Holding Company (IHC). Originally established in 2002 as Zee Stores, the group was rebranded into Ghitha Holding in 2023 and grew FY2024 revenue to AED 5 billion (~USD 1.36 billion), up 9% year-on-year, with 26% growth in gross profits and an AED 9.3 billion asset portfolio. Through 19 subsidiaries it operates a vertically integrated farm-to-shelf model spanning dairy (Al Ain Farms, Marmum), poultry (Al Ajban, Al Jazira/Golden Eggs), seafood (ASMAK, Al Jaraf Fisheries), edible oils (ADVOC, the only refinery in Abu Dhabi, marketing Coroli), agriculture (Agrinv, Alliance Food), trading and distribution (Zee Stores, Royal Horizon, Mirak, NRTC, Apex National Catering), and financial services (Apex Investment, Invictus Investments).

The group monetizes through diversified revenue streams: one-time/manufacturing revenue from dairy, poultry, juices, eggs, and edible oil production; transaction-based trading margins across more than 10,000 SKUs sourced globally; and long-term B2B contracts with institutional catering, hospitality, healthcare, education, and government customers under negotiated multi-year pricing. Customer reach is anchored by an Al Ain Farms Group distribution network covering more than 23,000 daily sales points across UAE retail, hospitality, and e-commerce channels, with seafood exported across the GCC, Middle East, North Africa, and Europe.

Ghitha's core technology stack centers on an in-flight SAP S/4HANA transformation (in partnership with SAP and NTT DATA, first phase due mid-2026) incorporating SAP Business AI for demand forecasting, real-time insights, workforce planning, and traceability, alongside the Mazraati digital platform connecting local farmers to retail networks. Operationally, Al Ain Farms Group supplies more than one-third of UAE dairy and poultry consumption, supported by ISO 9001, ISO 22000, and HACCP certifications, vertical cold-chain infrastructure, and government alignment with the UAE National Food Security Strategy 2051 and Abu Dhabi Economic Vision 2030. In October 2025 the company is being merged with Multiply Group and 2PointZero into 2PointZero Group, a Dh120 billion (~$33 billion) IHC-backed platform spanning 85+ countries.

Name

Ghitha Holding

Legal name

Ghitha Holding P.J.S.C

Website

https://ghitha.com

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Ghitha Holding PJSC is an Abu Dhabi-listed (ADX: GHITHA), IHC-owned diversified food and agriculture investment group operating a vertically integrated farm-to-shelf model across dairy, poultry, seafood, edible oils, trading, and catering, with FY2024 revenue of AED 5 billion (~USD 1.36B) supplying UAE retail, institutional catering, hospitality, and government channels through a 23,000+ sales point distribution network.

Ownership category

akta.pro rank

Product category

Food Production and Distribution

NAICS

Soybean and Other Oilseed Processing (311224)

SIC

Dairy Products (2020), Wholesale-Groceries, General Line (5141)

akta.pro primary industry

Butter, Cream & Dairy Fats (CRADACAD)

Keywords

• Food distribution
• Dairy production
• Poultry farming
• Agricultural trading
• Seafood processing

Headquarters

HQ city

Abu Dhabi

HQ country

United Arab Emirates

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Food Production and Manufacturing: Revenue from manufacturing dairy products, poultry, fresh juices, eggs, and edible oils through portfolio subsidiaries including Al Ain Farms, Al Ajban Poultry, and ADVOC
2. Food Trading and Distribution: Trading and distribution of over 10,000 food and household products sourced globally, with annual turnover of AED 300 million for Zee Stores subsidiary
3. Agriculture Operations: Revenue from agricultural production including farms, fisheries, and produce cultivation across UAE and international operations
4. Institutional Catering Supply: Supply of food products to institutional catering providers including hospitality, healthcare, education, and government sectors
5. Seafood Processing and Export: Processing and distribution of fresh and frozen seafood products across GCC, Middle East, North Africa and Europe markets

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Ghitha Holding PJSC is a diversified investment holding company incorporated in Abu Dhabi that operates a vertically integrated farm-to-table food and agriculture business through subsidiaries. Its portfolio covers dairy production, poultry farming, edible oil refining, fresh produce import/export, seafood processing, animal feed, food commodities trading, distribution, and institutional catering. The company also holds interests in financial services through listed subsidiaries Apex Investment PSC and Invictus Investments.

Product overview

Ghitha Holding PJSC is a diversified investment holding company operating as a subsidiary of International Holding Company (ADX: IHC). Its portfolio is organized into three main segments — Food Services, Agriculture, and Financial Services — comprising a broad ecosystem of subsidiaries and associates. The Food Services segment is anchored by Al Ain Farms Group (which unites five brands: Al Ain Farms, Marmum Dairy, Al Ajban Chicken, Al Jazira Poultry Farm/Golden Eggs, and Saha Arabian Farms), supplemented by NRTC Fresh (fresh produce), Asmak (seafood), ADVOC/Abu Dhabi Vegetable Oil Company (edible oils), Zee Stores (trading and distribution), Royal Horizon (FMCG), and Apex National Catering. The Agriculture segment includes Al Jaraf Fisheries, Agrinv (land reclamation), and Alliance Food Securities Holdings (animal feed). The Financial Services segment includes Apex Investment PSC. Ghitha's subsidiaries collectively cover dairy, poultry, fish, agriculture, food commodities, edible oils, trading, distribution, and catering services — operating a vertically integrated farm-to-table model. In 2025, Ghitha launched two major initiatives: the Al Ain Farms Group consolidation and the Al Ain Taaza fresh juice brand (joint venture with NRTC Group), alongside a SAP Business AI digital transformation program.

Differentiator

Problem solved

Functional benefit

Brands

• Al Ain Taaza: Fresh juice brand launched in Q3 2026 targeting one-third of UAE's Dh500 million fresh juice market with over 15 flavors including refreshments, functional blends, and smoothies.
• Al Ain Farms Group (AAFG)
• Mazraati
• Coroli

Products and services

• Al Ain Farms Dairy products, juices, camel milk, and poultry items produced and delivered fresh daily across the UAE. Founded in 1981 as the first dairy company in the UAE.
• NRTC Fresh Import and export of fresh fruits and vegetables in the Middle East for over 50 years, providing premium-quality fresh produce to the Dubai market and beyond.
• Al Ajban Poultry Farm Fully integrated poultry company producing reared fresh chicken, operating broiler breeder houses, hatcheries, slaughterhouse, processing plant, feed mill, and quality control laboratory. First UAE poultry company to achieve Halal, HACCP and ISO 22000:2005 certification.
• Asmak

Quantifiable outcome

• Supplies one-third of UAE's total consumption in dairy and poultry categories
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• NRTC GroupcoreStrategic or Co-development Partner · 5 May 2026Joint venture with Al Ain Farms Group to launch Al Ain Taaza fresh juice brand targeting one-third of Dh500 million UAE fresh juice market within 3-5 years. NRTC handles produce sourcing and cold chain, Al Ain Farms provides distribution network.
• National Agricultural Centre (NAC)coreStrategic or Co-development Partner · 28 April 2026MoU signed to embed locally grown produce into mainstream retail networks through coordinated procurement, logistics, and distribution systems. Includes dedicated retail spaces for certified local produce, training programs for grading standards, and joint marketing campaigns under 'Sustainable Product' initiative.
• Arab Authority for Agricultural Investment and Development (AAAID)minorStrategic or Co-development Partner · 8 January 2026MoU to establish strategic cooperation in food security and sustainable agricultural development covering food production support, strategic reserves, distribution efficiency, and market access between UAE and Bahrain.
• SAPcoreTechnology or Integration · 22 May 2025Digital transformation partnership using SAP Business AI to future-proof operations, optimize supply chain, and enhance demand forecasting capabilities. Project spans two years with first phase expected mid-2026.
• NTT DATAcoreImplementation/ SI/ Consulting Partner · 22 May 2025Global technology and consulting firm implementing SAP digital transformation project and co-developing consumer-packaged goods platform focused on dairy and poultry sectors.
• Yas HoldingcoreStrategic or Co-development Partner · 20 May 2025Joint backing of Al Ain Farms Group combining Ghitha's food production expertise with Yas Holding's multi-industry investment capabilities to create UAE's national food champion.
• ADNH CateringcoreStrategic or Co-development Partner · 19 May 2025MoU to explore local sourcing collaboration supporting UAE national food security goals. Partnership aims to expand use of Made-in-UAE food products across institutional catering sectors including hospitality, healthcare, education, and government.
• SilalcoreStrategic or Co-development Partner · 1 January 2024MoU between Advoc (Ghitha subsidiary) and Silal to enhance UAE's food security through sustainable farming practices, agricultural innovation, and optimized resource development.

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Tanmiah Food Company: Saudi-listed poultry and protein producer with growing value-added and foodservice lines; directly comparable to Al Ajban Poultry and the broader Al Ain Farms Group protein strategy in the Gulf.
• Agthia Group: Abu Dhabi-listed food and beverage company operating across flour, animal feed, dairy, and water; directly comparable to Ghitha as a UAE-headquartered diversified food platform with similar B2B and retail distribution and overlapping exposure to UAE food security policy.
• IFFCO Group: UAE-headquartered multinational food manufacturer producing edible oils, processed foods, and FMCG; directly comparable to Ghitha's ADVOC edible oils, Zee Stores trading, and overall UAE-centric CPG footprint.
• National Agricultural Development Company (NADEC): Saudi-listed dairy, meat, and agricultural producer with vertically integrated operations; comparable to Ghitha's combined dairy (Al Ain Farms, Marmum), poultry, and agriculture (Agrinv) segments.

Broad incumbents

• Savola Group: Saudi-listed food conglomerate spanning edible oils, dairy, bakery, and retail; overlaps directly with Ghitha's ADVOC edible oil refinery (Coroli) and Al Ain Farms dairy business, and serves as a regional incumbent in food distribution.
• Almarai Company: Largest vertically integrated dairy company in the world and the dominant MENA dairy and juice brand; comparable to Ghitha's Al Ain Farms/Marmum dairy and juice operations and a benchmark for UAE/GCC dairy market share and pricing.
• Bel Group: International branded cheese and healthy snack company; relevant incumbent peer for Ghitha's dairy and edible-oil branded consumer portfolio (Coroli, Al Ain, Marmum) and global CPG benchmarks.
• Arla Foods: Global dairy cooperative with significant MENA presence; comparable as a large-scale dairy producer operating alongside Al Ain Farms and Marmum in the UAE/GCC dairy category.
• Americana Group: Middle East food operator with quick-service restaurant brands and processed foods; comparable as a large diversified food platform serving GCC institutional and retail customers with similar distribution intensity.

Regional players

• Halwani Brothers: Saudi food manufacturer of processed meats, frozen foods, and dairy; overlaps with Ghitha's Al Ajban Poultry and processed food distribution in the wider MENA region with similar B2B and retail channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ghitha-holding

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries20 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ghitha Holding