MUSCAT: The agricultural investment arm of Qatar’s sovereign wealth fund, Hassad Food Co, acquired a significant minority equity interest in Oman-based A’Saffa poultry project.
A’Saffa Foods, formerly A’Saffa Poultry Farms, was established in 2001 and is the largest integrated poultry project in Oman, Hassad said in a statement.
Over a 40 sq km farm area in Thumrit, southern Oman, the project produces fresh and frozen poultry meat products.
The transaction was signed by Hassad Food chairman Nasser Al Hajri, and Mohamed bin Obaid Al Mazrouei, chairman, Arab Authority For Agricultural Investment & Development.
Al Hajri said: “We are very excited about this acquisition which is a strong testament that Hassad Food is on the right track towards achieving its vision in becoming a leading global provider of high quality food products.
“Hassad’s mission is to invest in efficient, profitable, growth-oriented global brands, contributing to the welfare of Qatar and the region by providing high quality products while using the latest technology in harmony with the environment and adhering to the highest standards of corporate social responsibility.”
