Dubai-listed Unikai Foods has received a cash offer from a Kuwaiti buyer proposing to acquire a majority stake in the company for between AED 128 and AED 131 million ($35 million).

On January 19, 2026, Al Wafir for Marketing Services made a conditional offer to acquire between a minimum of 50% plus 1 share and a maximum of 51% of Unikai's total issued and paid-up ordinary shares at AED 6.60 per share.

Al Wafir is controlled by the Al Bahar Family, whose portfolio includes AlForda Kuwait Central Fruits & Vegetable Market, OnCost grocery store chain, a water bottling plant and various media and facility management ventures.

Unikai confirmed the offer on Monday, adding that it will be reviewed by its board of directors.

If the fast-moving consumer goods firm, listed on the Dubai Financial Market, agrees to sell a 51% stake, the transaction would cost around AED 131 million based on the offer price.

(Writing by Cleofe Maceda; editing by Seban Scaria) seban.scaria@lseg.com