Agthia Group PJSC is one of the UAE’s largest food and beverage conglomerates — best known for Al Ain Water, Al Ain Dairy, and Grand Mills flour products. Listed on the Abu Dhabi Securities Exchange (ADX), Agthia is majority-owned by ADQ (Abu Dhabi Developmental Holding Company), one of Abu Dhabi’s sovereign wealth arms.
| Full Name | Agthia Group PJSC |
| Listed | Abu Dhabi Securities Exchange (ADX): AGTHIA |
| Major Shareholder | ADQ (Abu Dhabi Developmental Holding) via ADBIC — ~51%+ |
| Headquarters | Abu Dhabi, UAE |
| Key Brands | Al Ain Water, Al Ain Dairy, Grand Mills, Agthia Consumer |
| Operations | UAE, GCC, Egypt, Turkey, Central Asia |
| CEO | Alan Smith |
Who Owns Agthia Group?
Agthia Group is majority-owned by ADQ (Abu Dhabi Developmental Holding Company) through its subsidiary Abu Dhabi Basic Industries Corporation (ADBIC). ADQ is one of Abu Dhabi’s three main sovereign wealth vehicles (alongside ADIA and Mubadala), established in 2018 to accelerate economic diversification across food, agriculture, utilities, and logistics sectors. Through ADBIC, ADQ holds a controlling stake in Agthia of over 51%, making the Abu Dhabi government the effective controlling shareholder. The remaining shares trade publicly on the ADX. Agthia’s CEO is Alan Smith, who has led the group’s aggressive regional expansion through acquisitions including Nada Dairy (Saudi Arabia), Ayla Water (Jordan), and multiple Turkish food brands.
Agthia’s Expansion Strategy
Under Alan Smith’s leadership, Agthia transformed from a primarily UAE-centric packaged water and flour company into a diversified regional food group. Key acquisitions include Nada Foods (Saudi Arabia dairy, 2020), Ayla Water Company (Jordan), Kevser and Yemeklik (Turkey — bakery and pasta), and Nabil Foods (meat snacks, Egypt). This acquisition trail brought Agthia’s revenue past AED 4 billion annually and diversified its portfolio across water, dairy, flour, snacks, and frozen foods across 8+ countries.
