The holding of the Holding Food Company included in the Abu Dhabi Financial Market, by 14.66% during trading today, to circulate at the price of 28 dirhams per share, achieving the largest daily gains in 39 sessions.
193.98 thousand shares of the Holding Food shares were traded at that time, with a value of trading 5.19 million dirhams.
The highest price for the share at that time was at 28 dirhams during the session, while the lowest price was at 24.44 dirhams per share.
Food Holding Company was established in 2002, and it is one of the subsidiaries of the International Holding Company Group (IHC) in Abu Dhabi. The company operates as an investment holding company specialized in the fields of trade and distribution.
It owns a wide portfolio that includes a number of subsidiaries that are active in various sectors within the food industry, such as Al -Ajaban poultry, Anes Food Company, Global costumes, Greenv (Hashemite), Royal Horizon Holding, Abu Dhabi Vegetable Company (Advoc), Mirac, APEX Investment, and Al Jarf Fish Company.
This diversity contributes to meeting the needs of the local and regional market with more than 10,000 food products.
The company is committed to the highest quality and food safety standards through the application of the risk analysis system and critical control points. Holding food depends on a strong import network from countries with a prominent reputation in the food sector, such as the United States, Thailand, Brazil, Saudi Arabia, and the Sultanate of Oman.
On the financial level, the Holding Food recorded an exceptional performance in 2024, when its net profit jumped to 2.55 billion dirhams, compared to profits of only 30.3 million dirhams in 2023.
The company’s revenues increased by 9% to 4.968 billion dirhams, compared to 4.561 billion dirhams in the previous year, which reflects a remarkable improvement in operational performance and a growth in demand for the company’s products.
On the other hand, the company’s profits in the first quarter of 2025 decreased significantly, reaching only 18.9 million dirhams, compared to profits of 2.664 billion dirhams during the same period of 2024, which may be attributed to exceptional circumstances or seasonal factors that have not yet been clarified by the company.
