In a significant move, ADQ-backed Silal has acquired a majority stake in Al Bakrawe Holding, one of the UAE’s leading distributors of fresh fruits and vegetables. This acquisition further enhances Silal’s position as a major player in the UAE’s food supply chain.
Al Bakrawe, founded in 2002, sources from over 550 suppliers globally and distributes more than 150 varieties of fresh produce. This deal marks Silal’s third strategic acquisition, complementing its existing network of local farms, and supports its mission to build a sustainable food ecosystem in the UAE.
Silal’s CEO, Salmeen Alameri, emphasized the importance of integrating Al Bakrawe’s supply chain expertise to meet growing market demand while advancing the company’s sustainability initiatives.
In line with Silal’s focus on innovation, the company has also introduced cutting-edge technologies such as blockchain-powered food traceability and established an Innovation Oasis R&D center in Al Ain to drive advancements in the agrifood sector.
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FAQs
- Why did Silal acquire a majority stake in Al Bakrawe Holding?
Silal acquired Al Bakrawe to strengthen its fresh produce supply chain, enhance market reach, and support its mission of building a sustainable food ecosystem in the UAE.
- What does Al Bakrawe Holding specialize in?
Founded in 2002, Al Bakrawe is a major distributor of fresh fruits and vegetables in the UAE, sourcing from over 550 global suppliers and offering more than 150 varieties of produce.
- How does this acquisition benefit Silal?
The acquisition expands Silal’s supply chain capabilities, allowing the company to integrate global sourcing with its local farming network, thereby improving its product offerings and market reach.
- What other strategic moves has Silal made recently?
In addition to acquiring Al Bakrawe, Silal has invested in SAFCO International and Sherwood, while introducing innovative solutions like blockchain-powered food traceability and establishing an R&D center in Al Ain.
- How does this acquisition align with UAE’s sustainability goals?
This acquisition supports UAE’s broader sustainability goals by enhancing local food production, reducing reliance on imports, and promoting a sustainable agrifood ecosystem.