Press releases, Reports & Disclosures for GHITHA HOLDING P.J.S.C.

Ghitha Holding PJSC, a subsidiary of the International Holding Company, has announced a strategic expansion with the acquisition of a 44% stake in MNG Airlines for USD 211.20 million. The acquisition is expected to strengthen Ghitha's logistics and aviation capabilities and solidify its leadership in the regional food trading sector. The deal aligns with Ghitha's goal to become the largest company in the regional food trading sector. The transaction is subject to regulatory approvals and is expected to be completed in the first half of 2024.