Geographic expansion spans Africa, Europe, and the Middle East; product portfolio grows to over 30 products and categories with addition of sunflower and rapeseed meal.
Dubai, United Arab Emirates, 4 November 2024: Invictus Investment Company Plc (ADX: INVICTUS), a leading agro-food enterprise in the Middle East and Africa, has announced its expansion into four new markets—Burkina Faso, Jordan, the Netherlands, and Senegal—marking a significant step in its growth strategy. This expansion increases Invictus’s global presence to 54 countries.
The company has also enhanced its product offerings by adding sunflower and rapeseed meal, bringing its total product portfolio to over 30 categories. This move aligns with Invictus Investment’s long-term strategy to diversify its products and strengthen its position as a key player in the agro-food commodities trading sector.
In addition to the new markets, Invictus recorded its first sale to Brazil, underscoring its ambitions in the South American market, where Brazil and Argentina are historically significant for sourcing. The company has also expanded its freight services to Spain and Tunisia, enhancing its logistical capabilities in these regions.
Amir Daoud Abdellatif, CEO of Invictus Investment, commented on the expansion, stating, “This is an important step forward in our growth strategy. Our new operations in Burkina Faso, Jordan, and Senegal enhance our presence in Africa and the Middle East, while our entry into the Netherlands expands our reach into Europe. The first sale to Brazil represents a key milestone in our South American expansion.”
In the first half of 2024, Invictus Investment reported a 35% increase in commodity transaction volumes, totaling 3.36 million metric tonnes, up from 2.48 million metric tonnes in the same period last year. Revenue reached AED 4.26 billion, a 0.55% increase year-on-year, with a net profit of AED 84.23 million, reflecting healthy profit margins.
Looking ahead, Invictus Investment aims to explore further strategic investments, including acquisitions and joint ventures, to enhance its manufacturing capabilities and geographical reach, driving sustainable growth for its stakeholders.
