The acquisition will give Nexture its first manufacturing footprint in the Middle East and strengthen its access to the region’s growing ingredients market.
The funding is intended to help Chad address the immediate and longer-term consequences of climate-related pressures affecting food availability, agricultural production and household livelihoods.
The agreement is designed to provide Egypt with a reliable and sustained supply of imported wheat, a critical commodity for the country’s food-security system.
Group revenue increased 7.4% year-on-year to AED 2.6 billion, with growth supported in part by one-off sales under the UAE food security programme.
The event highlighted the role of millet and other climate-smart crops in supporting food security, water conservation and sustainable farming in the UAE.