Abu Dhabi – Mubasher: Agthia Group has completed its strategic acquisition of a 100% stake in BMB Group, a Dubai-headquartered healthy snacks and food company.

This transaction came after Agthia had acquired the date company Al Foah and Al Faysal bakery in January, strengthening the company's position in the snacking and healthy food sector, according to a press release on Monday.

BMB offers confectionery and healthy food products with more than 2,000 SKUs across over 23 countries, including Saudi Arabia and the US.

Freshfields Bruckhaus Deringer acted as legal counsel to Agthia, while EFG Hermes acted as financial advisor to Agthia.

The Chairman of Agthia, Khalifa Sultan Al Suwaidi, said: "This transaction supports our 2025 growth strategy focused on the acquisition, integration, and scaling of new businesses in value-add categories."

Meanwhile, the CEO of Agthia, Alan Smith, commented: "Together we will take these brands to new markets, as well as utilize BMB’s distribution network to widen the reach of Agthia’s product portfolio in exciting markets such as the United States and Canada."

It is noteworthy to mention that on 1 September, the board of Agthia approved BMB's acquisition, which is the company's second investment in the snacking and healthy food market.