Abu Dhabi – Mubasher: Zee Stores, a subsidiary of International Holding Company (IHC), will rebrand to Ghitha Holding and expand its portfolio to strengthen its position in the food industry.
The company will add several related businesses to its portfolio, through future acquisitions and subsidiaries’ formation, according to a press release on Monday.
Expanding its portfolio will enable the company to improve its capabilities in wholesale importing and trading fresh and canned foods, packaging, and distributing food services to industrial sites such as gas and oil fields.
The Chairman of Ghitha Holding, Mohammed Somar Ajalyaqin, said: "With the UAE’s National Food Security Strategy aiming to make the Emirates the world’s most food-secure nation by 2051, expanding operations in food and agriculture presents an ideal opportunity to deliver shareholder value through commercial success while supporting the national development agenda."
Ajalyaqin added: "This transformation of Zee Stores into Ghitha Holding represents the next stage in the company’s journey, and through our growing operations we will continue to play an even greater role in this sector."
