GreenCorp, in a strategic move to bolster its food-focused investment platform within the GCC, has successfully acquired Emad Bakeries, a prominent producer of Arabic bread and pastries based in Jeddah. This acquisition marks a significant step forward for GreenCorp, enhancing its presence in the food production and processing sector in the region.

Emad Bakeries is renowned for operating the largest industrial fresh flatbread bakery in western Saudi Arabia, boasting state-of-the-art manufacturing facilities. With this acquisition, GreenCorp aims to empower Emad Bakeries in extending its operations and expertise into new territories within the Kingdom, thereby reinforcing its commitment to sustainable growth and development.

The incorporation of Emad Bakeries into the GreenCorp portfolio signifies a strategic move backed by Gulf Islamic Investments (GII), a leading Sharia-compliant alternative investment firm with a substantial portfolio of over $4.5 billion in assets under management (AUM). This partnership underscores GreenCorp's dedication to investing in high-growth, demand-driven, scalable, and sustainable food businesses across the GCC.

Commenting on the acquisition, Mohammed Alhassan, co-founder and co-CEO of GII, expressed confidence in Emad Bakeries' heritage and quality commitment resonating deeply with customers in Saudi Arabia. Pankaj Gupta, fellow GII co-founder and co-CEO, highlighted the strategic alignment of this acquisition with GreenCorp's vision of establishing a comprehensive food investment platform across the GCC, aimed at enhancing food security and reducing dependency on imports.

The addition of Emad Bakeries to GreenCorp's portfolio complements its recent expansion endeavors, including the growth of Badia Farms, a controlled environment agriculture company operating in Saudi Arabia, the UAE, and Bahrain. This strategic move enhances GreenCorp's food production capabilities, positioning it as a key player in the region's food-related investment landscape.

RidgePoint Advisors served as the sole financial advisor to Emad Bakeries, with legal advisory provided by King & Spalding alongside AlAmmar Law Firm. These partnerships underscore the meticulous approach taken in executing the acquisition process.