Emirates Food Industries (EFI), one of the UAE’s leading food, dairy and agriculture companies, is readying for a secondary listing of its shares on the Abu Dhabi Securities Exchange.
Wasfi Kaso, the CEO EFI, the listing is an “integral and strategic step towards” the company’s five-year plan of expansion and capability development.
“It would make sense to look to the UAE’s capital markets to support us in our growth plans as we look to solidify our role as a partner in the UAE’s food security agenda,” Kaso said.
Owned by National Holding, Abu Dhabi-based EFI has extensive manufacturing, logistics and distribution operations across the UAE, with diversified interests including agriculture, animal feed and dairy, it said in a statement.
EFI is currently in the final stages of completing a state-of-the-art dairy factory in Al Ain, operated by National Dairy, a subsidiary of EFI.
The factory will be dedicated to the production and processing of dairy products for the UAE and GCC markets. It will be operational by the first quarter of 2022.
EFI also owns the right to develop a large-scale project across 100,000 sqm in Khalifa Port to develop a number of factories in the food sector.