Foodco Holding was established in 2006 as a result of the growth and increased diversity of the companies encompassed by Abu Dhabi National Foodstuff Company (Foodco LLC) presently. A renowned and respected firm in the region that was established in Abu Dhabi in 1979 as a public shareholding entity under the patronage of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, the President of U.A.E. Foodco Holding comprises four subsidiary companies, Foodco LLC, Sense Gourmet, Dana Plaza and Oasis all of which operate as standalone entities under the holding company.
Setup as a public shareholding entity, the Abu Dhabi National Foodstuff Company, now known as Foodco Holding, is the core foundation of the group. Benefiting from a strategic location, strong financial backing, a solid infrastructure and a progressive approach, the company flourished, paving the way for further growth and development.
Seeking diversity, the group penetrated the non-food market by launching Dana Plaza in1987. A pioneer department store at the time, it remains a preferred retail destination for Abu Dhabi residents today.
In1997, the establishment of Oasis National Foodstuff brought cutting-edge food processing and packaging technologies to the region. Oasis prides itself in the diversity of its services, and boasts an impressive portfolio of well-respected companies
Recognizing the high potential for catering operations and other lucrative opportunities in the hospitality sector, the group went on to establish Sense Gourmet in 2005with the ultimate purpose of setting up high-potential restaurants across the GCC, MENA and South Asia regions.
Upon the creation of Foodco Holding in 2006, all the divisions that previously came under Abu Dhabi National Foodstuff Company (Foodco) became standalone companies with independent financials and management teams. The board of directors of Foodco Holding assumes the responsibility for the strategic oversight and governance of the entire group, making decisions on acquisitions and divestments, as well as providing treasury, human resources and auditing functions for all companies within the group. Furthermore, as a strategy to diversify financial resources, Foodco Holding has made successful investments in various sectors, including real estate as well as private and public equities.
With solid prospects for development and expansion, construction of the new Foodco Holding offices in Mafraq is already underway. Set for completion in the beginning of 2013, with an estimated cost exceeding AED 80 million, the new premises boast a vast 65,000 square meter area and will house Foodco LLC, Sense Gourmet and Oasis.
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