AFICO

What AFICO does

AFICO HOLDING is a privately owned Iraqi general investment company headquartered in Baghdad, founded in 2005 and controlled by the Al-Bannai family. The group operates through six wholly-owned subsidiaries spanning beverages, construction, plastics manufacturing, and trading. Its core revenue activity is beverage manufacturing through Advanced Foodstuff Industrial Co. (founded 2009, Karbala) and Ghaith Baghdad Co. (founded 2005, Baghdad), which produce soft drinks, juices, and bottled water under the Nawar and Saif brands using production lines from KHS (Germany) and IPI (Italy) at a 25,000 M² facility, plus a second Karbala beverage facility (Manar Factory, 2011). Complementing these are IBS Iraqi Building Systems Co. (design-build construction for commercial, industrial and institutional projects), Mayar Co. (plastic ampoules, caps, rolls and packaging recycling for food, pharmaceutical, construction and agriculture), and Golden Sail Co. (import/export and international project management). Distribution runs Iraq-wide through Ghaith Baghdad's own stores and fleet and Advanced Foodstuff's distributor network, with limited international engagement beyond Dubai-based Gulf Food Manufacturing trade events. The group holds ISO 9001 certification and is governed by a board led by Founder & Chairman Dr. Mahdi Al-Bannai, with Vice Chairman & Group CEO Ayad Ali and subsidiary CEOs including Haider Habeeb (Manar). No external investors, public listings, or disclosed financials are present in the source data.

Name

AFICO

Legal name

AFICO HOLDING

Website

https://aficoiraq.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Beverage and Plastics Manufacturing

NAICS

Beverage Manufacturing (3121), Soft Drink Manufacturing (312111), Bottled Water Manufacturing (312112)

SIC

Beverages (2080), Bottled & Canned Soft Drinks & Carbonated Waters (2086)

akta.pro industry

PRIMARYAFAFAIAB

Non-Alcoholic Beverage Co-Packing (Soft Drinks, Juice, RTD)

Agriculture & Food Production/Beverage Production/Contract Beverage Manufacturing & Co-Packing

SECONDARYAFAIAGAL

Beverage Import/Export & Cross-Border Wholesale

Agriculture & Food Production/Food Distribution & Wholesale/Beverage Wholesale (Alcoholic & Non-Alcoholic)

SECONDARYTLALAEAK

Beverage & Alcohol Distribution Centers

Transportation & Logistics/Warehousing & Storage (Cold Chain, Fulfillment, Depots)/Distribution Centers (Retail/Wholesale DCs)

SECONDARYCRADAHAL

Functional Beverages (Vitamins, Probiotics, Nootropics, etc.)

Consumer Products & Retail/Consumer Packaged Goods (CPG) Manufacturing & Brands/Non-Alcoholic Beverages (Coffee, Tea, Soft Drinks, Water)

Keywords

• Beverage manufacturing
• Construction services
• Plastic products manufacturing
• International trading
• Investment holding

Headquarters

HQ city

Baghdad

HQ country

Iraq

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Beverage Manufacturing and Sales: Manufacturing and sale of soft drinks, juices, and bottled water under brands Nawar and Saif through distributor networks across Iraq.
2. Construction Services: Building construction services through Iraqi Building Systems Co. (IBS) for commercial, industrial, and institutional projects.
3. Trading and Distribution: Import and export of products, arranging and managing international projects through Golden Sail Co.
4. Plastic Manufacturing: Manufacturing and sale of plastic products including bottle ampoules, caps, and packaging rolls for food, pharmaceutical, construction, and agriculture industries.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

AFICO is a privately owned Iraqi investment holding company that operates through six wholly owned subsidiaries spanning beverage manufacturing (soft drinks, juices, and bottled water under the Nawar and Saif brands), plastic products manufacturing, building construction services, and international trading and project management. The group's operations center on a 25,000 M² beverage facility in Karbala with three production lines (50,000 CPH soft drinks, 10,000 BPH juices, 50,000 BPH water) and Iraq-wide distribution networks.

Product overview

AFICO is a privately owned general investment company headquartered in Baghdad, Iraq, operating across multiple sectors including food, beverage, construction, transportation, and trading. The company's product portfolio consists of several subsidiaries: Advanced Foodstuff Industrial Co. (produces soft drinks, juices, and bottled water under the Nawar brand), Ghaith Baghdad Co. (produces juices under the Saif brand), Manar Factory (beverage processing), Mayar Co. (plastic manufacturing), Iraqi Building Systems Co. (construction services), and Golden Sail Co. (trading). Together, the subsidiaries provide a complete range of professional services spanning manufacturing, trading, and construction.

Differentiator

Problem solved

Functional benefit

Brands

• Nawar: Brand for soft drinks, juices, and bottled water produced by Advanced Foodstuff Industrial Co.
• Saif

Products and services

• Nawar Beverages (Soft Drinks, Juices, Bottled Water) Soft drinks filled in cans, aseptic packaged juices, and ozone-treated purified bottled water in PET bottles. Sold through distributor networks across Iraqi cities; manufactured by Advanced Foodstuff Industrial Co. using KHS (Germany) and IPI (Italy) equipment with combined capacity of 110,000+ units per hour.
• Saif Brand Juices High-volume juice products including apple, cranberry, grape, citrus, pomegranate, and tropical blends, plus enhanced 100% juices with added nutrients, antioxidants, minerals, herbs, vitamin enhanced water, and cocktail mixers. Produced by Ghaith Baghdad Co. and found in major retailers across Iraq.
• Mayar Plastic Products Plastic products including bottle ampoules, plastic caps, plastic rolls, and plastic packaging for food, pharmaceutical, construction, and agriculture industries. Operates plastic waste recycling systems using modern technology.
• IBS Building Construction Services

Named customers1 record

Segments2 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• KHS Company (Germany)coreTechnology or IntegrationKHS Company from Germany supplied soft drink production and filling line (50,000 CPH capacity, model 2009) for Advanced Foodstuff Industrial Co.
• IPI (Italy)coreTechnology or IntegrationIPI from Italy supplied juice production line equipment (10,000 BPH capacity, model 2008) for aseptic package filling.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Primo Water Corporation: Major bottled water producer with PET bottling operations; comparable to AFICO's ozone-treated purified bottled water line under the Nawar brand for scale and category positioning.
• Ibin Sina Co. for Beverages: Iraqi beverage manufacturer producing soft drinks and bottled water for the domestic market; competes head-to-head with AFICO's Advanced Foodstuff Industrial Co. on similar product categories and channels.

Regional players

• Masafi Co. Leading bottled water and beverage producer in the GCC; comparable to AFICO's bottled water and juice operations from a Middle East regional beverage manufacturing standpoint.
• Hani Group: Iraqi conglomerate with food and beverage manufacturing operations; comparable to AFICO as a diversified Iraqi group with beverage exposure and parallel market access.

Broad incumbents

• Almarai Company: Leading Middle East food and beverage conglomerate with juices and dairy drinks; relevant benchmark for AFICO's multi-category beverage approach and aseptic packaging capabilities.
• Aujan Industries: Large Middle Eastern beverage manufacturer producing juices and soft drinks across the region; serves as a regional incumbent comparable to AFICO's Ghaith Baghdad and Advanced Foodstuff operations.
• National Beverage Corp. US-listed diversified beverage company producing carbonated soft drinks and juices; relevant as a comparable publicly-traded multi-format beverage operator similar in product mix to AFICO's portfolio.
• PepsiCo (Iraq bottling partners): Multinational beverage and snacks giant whose Iraqi bottling partners compete with AFICO's Nawar soft drinks across modern and traditional retail in Iraq.
• Cott Corporation: Large-scale beverage co-manufacturer and water/beverage solutions provider; relevant as a benchmark for AFICO's contract beverage manufacturing and bottled water scale.
• Coca-Cola Bottling Company of Iraq: Local bottling arm of The Coca-Cola Company operating in Iraq, producing carbonated soft drinks. Directly competes with AFICO's Nawar soft drink line for Iraqi shelf space with substantially larger marketing spend.

Market position

Strengths5 records

Weaknesses2 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/aficoiraq
• LinkedInlinkedin.com/company/advanced-foodstuff-inds-co

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about AFICO