Agthia ac­quires Saudi busi­ness

Khaleej Times - - NATION -

Agthia Group will ac­quire the wa­ter busi­ness of Jed­dah­based Delta Mar­ket­ing Com­pany.

The trans­ac­tion is ex­pected to be com­pleted by the first quar­ter of 2017 fol­low­ing reg­u­la­tory ap­provals and other clos­ing con­di­tions.

The ac­qui­si­tion en­ables Agthia to en­ter the Saudi mar­ket for the first time with its Al Ain wa­ter brand, re­flect­ing the Group’s strat­egy to ex­pand in the GCC and be­come a re­gion-wide player.

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