Acquisition AnnouncementAl Ain Mills Acquires Astarta GroupUnited Arab Emirates – June 15, 2024

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Al Ain Mills, a leading name in the grain milling industry in the UAE and a subsidiary of Al Hazaa Investment Group, is pleased to announce its acquisition of Astarta Group, a prominent player in food production. This strategic acquisition aims to enhance Al Ain Mills’ market presence, significantly expand its product portfolio, and strengthen its export capabilities through the addition of new milling facilities.

Enhanced Service Offerings: The acquisition of Astarta Group enables Al Ain Mills to expand its service offerings to customers. Leveraging synergies, Al Ain Mills will provide a wide range of high-quality products and tailored solutions to meet diverse customer needs. This strategic alignment underscores Al Ain Mills’ commitment to delivering exceptional value and service excellence in the food industry.

Strategic Expansion: With the integration of Astarta Group’s facilities, Al Ain Mills will operate from three strategic locations in Ajman, Sharjah, and Fujairah. This expansion will facilitate supply and distribution across the country with a production capacity of up to 1200 metric tons per day, enhancing efficiency and responsiveness to both local market demands and food security. The acquisition also adds storage capacity totaling 90,000 metric tons, further bolstering the company’s ability to meet growing customer requirements and ensure supply chain reliability.

Statement by CEO of Al Ain Mills, Mr. Abdullah Al Hazaa “First and foremost, I thank Allah for His blessings. I extend my sincere gratitude to Ajman and His Highness Sheikh Humaid bin Rashid Al Nuaimi for their continuous support of the food industries and enhancing food security in the Emirate. I also thank Ajman Bank and its esteemed Board of Directors for their ongoing contribution as strategic partners and supporters of developmental projects. My appreciation extends to the executive management and the team at Al Ain Mills, who consistently strive to elevate our service offerings to customers.

I am grateful to Chairman H.E Jamal Al Hazaa and H.E Board Member Abdulaziz Al Shamsi for their renewed trust and continuous support. I also commend the efforts of the Al Ain Mills team, whose dedication has led to these achievements.

The acquisition of the Astarta Group represents a strategic step in our company’s growth journey. Supported by Al Hazaa Investment Group, Al Ain Mills is now positioned to enhance its service offerings and expand its operational footprint. This acquisition will enable us to deliver greater value and innovation to our customers.”

Statement by Sales Director of Astarta Group, Mr. Syed Waqar “Collaborating with Al Ain Mills will enhance our ability to serve our customers exceptionally and drive mutual growth in the food industry. We are excited about this opportunity and look forward to a bright future together.”

Al Ain Mills, Member of Al Hazaa Investment Group, acquires Astarta Mills to expand products and boost exports.With new facilities in Ajman, Sharjah, and Fujairah, efficiency and storage increase.

Strategic Expansion: With the integration of Astarta Group’s facilities, Al Ain Mills will operate from three strategic locations in Ajman, Sharjah, and Fujairah.

Statement by CEO of Al Ain Mills,Mr. Abdullah Al Hazaa Firstly, I thank Allah for His blessings. I extend my sincere gratitude to Ajman and His Highness Sheikh Humaid bin Rashid Al Nuaimi for their continuous support of the food industries and enhancing food security in Ajman.I also thank Ajman Bank and its esteemed Board of Directors for their ongoing contribution as strategic partners and supporters of developmental projects. My appreciation extends to the executive management and the team, who consistently strive to elevate their service offerings to customers.

I am grateful to Chairman H.E Jamal Al Hazaa and H.E Board Member Abdulaziz Al Shamsi for their renewed trust and continuous support. I also commend the efforts of the Al Ain Mills team, whose dedication has led to these achievements.

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