In the four and a half years since the investment of Jadwa's Food and Beverage Opportunity Fund in GUFC, several initiatives were launched to aid in the profitability of the company.
This allowed GUFC to experience strong financial performance, registering a compound annual growth rate of 22 per cent.
Thus, GUFC seeks to attract expertise provided by WHO and adopting a policy
agreement with GUFC, stressing the importance of cooperation with state and
As part of the transaction, Jadwa Investment has sold the entire 30 per cent stake in GUFC that was owned by its Food and Beverage Opportunity Fund.
Tariq Al Sudairy, Managing Director and CEO of Jadwa Investment, said: "Since the Fund's investment in GUFC in 2009, we have been working closely with GUFC shareholders and management on several key strategic and business initiatives.
He added, "I am pleased that the shareholders overwhelmingly approved Jadwa's proposal to acquire a substantial equity stake in GUFC