Abu Dhabi's ADQ establishes new company that will diversify food sources

ADQ has been acquiring businesses in the commodities and agriculture sectors

  
Modern Skyscrapers in Abu Dhabi. Image used for illustrative purpose.

Modern Skyscrapers in Abu Dhabi. Image used for illustrative purpose.

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DUBAI- Abu Dhabi's state-backed firm ADQ has established Silal, a new company that will diversify food sources and increase locally grown, raised and produced food, the Abu Dhabi media office said in a tweet.

ADQ has been acquiring businesses in the commodities and agriculture sectors.

Its portfolio includes the General Holding Corp PJSC (Senaat), which has subsidiaries trading in agri-food and industrial assets.

It also owns Al Dahra Holding, an Abu Dhabi-based multinational animal feed and essential food commodities specialist.

(Reporting by Hadeel Al Sayegh; editing by Jason Neely) ((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))

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