Search Site

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

Lulu’s IPO raises $1.72bn

The proceeds make it the largest UAE IPO of 2024 to date.

ADNEC to acquire ‘Royal Catering’

ADNEC Group is a 100% owned subsidiary of Modon Holding. (WAM)
  • Serving key industries such as energy, defense, healthcare, and education, Royal Catering has earned a reputation for delivering high-quality services across the UAE.
  • The addition of Royal Catering will expand Capital Catering’s industry focus from aviation, defense and healthcare and increase its production capacity

Abu Dhabi, UAE — ADNEC Group, a fully owned subsidiary of Modon Holding, announced Monday that it has signed definitive agreements for the acquisition of 100 percent of the share capital of Royal Catering Services, an Abu Dhabi-based catering service provider.

Royal Catering has over 2,500 employees and a production capacity of more than 50,000 meals daily.

Serving key industries such as energy, defense, healthcare, and education, Royal Catering has earned a reputation for delivering high-quality services across the UAE. Beyond catering, Royal Catering offers complementary services such as accommodation.

Royal Catering will join ADNEC’s fast-growing Capital Catering business, making the combined entity one of the largest catering providers in the Abu Dhabi market.

The addition of Royal Catering will expand Capital Catering’s industry focus from aviation, defense and healthcare and increase its production capacity by adding several high-quality catering facilities to its asset base.

Post-completion, ADNEC plans to embark on a series of operational enhancements and technology integrations that will drive efficiency and service innovation across its expanded portfolio.

Bill O’Regan, Group Chief Executive Officer of Modon Holding, said, “The acquisition of Royal Catering strengthens our position as a leading catering and events provider in Abu Dhabi and UAE. The move aligns with Modon Holding’s strategy to continue expanding our portfolio and offer world-class services to Abu Dhabi and UAE residents and businesses. This acquisition further reinforces our commitment to developing Abu Dhabi’s and UAE’s local economy, by enhancing service offerings in our core sectors of focus.”

Humaid Matar Al Dhaheri, Managing Director and Chief Executive Officer of ADNEC Group, said, “The acquisition of Royal Catering marks a significant step in our broader strategy to reinforce ADNEC Group’s position as a key player in Abu Dhabi and the UAE’s catering and events ecosystem. This integration enables us to capitalise on synergies between two leading brands, amplifying our capacity to deliver innovative, scalable and world-class catering solutions.”