Mitsubishi acquires stake in Al Islami

DUBAI

Japan’s Mitsubishi Corporation has acquired a minority stake in halal foodmaker Al Islami, the Dubai-based firm announced on Monday.

Al Islami said in a press statement that the move is intended to help it expand its frozen food market share in the GCC and global markets through tapping into Mistsubishi’s international distribution. It already holds the second highest market share in the UAE.

The firm said it expects the collaboration will help them expand within the hotel, restaurant and catering (HORECA) sector within the UAE.

Al Islami has not revealed the value of the deal.