Abu Dhabi National Energy Company & Agthia Partner to Promote Positive Economic Impact in the UAE

Abu Dhabi National Energy Company & Agthia Partner to Promote Positive Economic Impact in the UAE

Abu Dhabi, United Arab Emirates, January 10, 2019: Abu Dhabi National Energy Company PJSC (TAQA), a leading water and energy company in the UAE, has signed a Memorandum of Understanding (MoU) today with Agthia Group PJSC, a world-class food and beverage company headquartered in Abu Dhabi, to enhance strategic alignment and provide high-quality services to TAQA’s headquarters and UAE-based assets.

Saeed Hamad Al Dhaheri, Chief Executive Officer of TAQA, and Tariq Ahmed Al-Wahedi, CEO of Agthia Group signed the MoU at TAQA’s Headquarters at Abu Dhabi Global Market Square. The MoU will enable TAQA employees to benefit from Agthia’s food distribution centers located in Abu Dhabi, Dubai, Al Ain, and Al Dhafra.

Stemming from its longstanding commitment to serving local communities, TAQA’s partnership with Agthia aims to have positive economic and social impact for TAQA employees in the UAE, which number more than 1,500 locally. Agthia’s food distribution centers offer more than 140 Agthia-made and alternative products at affordable prices to employees of various government and semi-government organizations as part of the Group’s commitment to the community.
Speaking at the signing of the MoU, Saeed Hamad Al Dhaheri, Chief Executive Officer of TAQA, said, “TAQA strives to make a positive difference in the lives of our employees and the broader communities across our 11 markets. We are proud to partner with Agthia to contribute to the wellbeing of our people in the UAE and to explore additional avenues of mutual benefit.” Speaking on the partnership with Agthia, Al Dhaheri remarked, “Not only is Agthia a leader in its field, but through its support of national organizations and events and emphasis on healthy living, Agthia has positioned itself as an invaluable contributor to the larger UAE community. We look forward to working with Agthia on a number of initiatives that positively impact citizens and residents across the UAE.”

With this new strategic partnership, Agthia further expands its already well-established presence in the UAE. The Agthia distribution centers are available to Abu Dhabi pension members, employees of the Ministry of Defense and armed forces, Producing Families, Faza’a members, as well as many other national organizations in the UAE.

Tariq Ahmed Al Wahedi, Agthia Group CEO, said, “Agthia opened its first food distribution center in 2016 as part of the Group’s sustainable growth strategy and, at the same time, to give back to the community. We strive to offer convenient access to high-quality food and beverage products in easily accessible locations to the UAE population. Agthia is dedicated to expanding its collaborations with government and semi-government organizations such as TAQA and will keep growing our unique program with new locations in the near future to accommodate our partners and members.”

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About TAQA

TAQA is an international energy and water company listed in Abu Dhabi, operating in 11 countries across four continents. The word “TAQA” means energy in Arabic.

TAQA strives to run its company safely and sustainably, operating to the highest ethical standards. The company is proud to align its strategy to Abu Dhabi’s Economic Vision 2030, a road map for a sustainable economy with a focus on knowledge-based industry.

TAQA has investments in power generation, water desalination, oil and gas exploration and production, pipelines and gas storage. The company’s assets are located in Canada, Ghana, India, Iraq, Morocco, Oman, Saudi Arabia, the United Arab Emirates, Netherlands, United Kingdom, and United States.

About Agthia

Agthia Group is a leading Abu Dhabi-based food and beverage company. Established in 2004, the Company is listed on the Abu Dhabi Securities Exchange (ADX) and has the symbol “AGTHIA”. Fifty-one percent of the Company’s shares are held by Senaat (General Holding Corporation), an Abu Dhabi Government entity, with the balance held by retail and institutional investors. The Company’s assets are located in the UAE, Saudi Arabia, Kuwait, Oman, Egypt and Turkey. Agthia offers a world-class portfolio of integrated businesses providing high quality and trusted food and beverage products for customers and consumers across the UAE, GCC, Turkey and the wider Middle East. More than 4,000 employees are engaged in manufacturing, distribution and marketing various food and beverage products: Water (Al Ain, Al Bayan, Alpin Natural Spring Water, Delta, Bambini); Flour (Grand Mills); Animal Feed (Agrivita, Agrivita Marabea); Juices (Al Ain Fresh, Capri Sun); Dairy (Yoplait); Processed Food (Al Ain Tomato Paste, Frozen Vegetable); Ambient and Frozen Bakery (Grand Mills).

For more information: www.agthia.com | ir@agthia.com | Tel: 971 2 506 0600.

Media Contact Details:

Sara Al Blooshi
Corporate Communications Lead

Marri Janeka
Senior Account Manager, Hill+Knowlton Strategies