Dubai-based Sokotra Capital acquires Tunisian fish farm
With this acquisition, SOKOTRA Capital is reiterating its investment strategy focused on the highly promising agriculture and aquaculture sectors through the building of a portfolio of investments in these sectors, both in Africa and in South East Asia.
"We are extremely pleased with this acquisition. AT has a highly skilled team with extensive experience. Tunisia remains, and despite the recent challenges, a very attractive and friendly destination for foreign direct investments. We sincerely hope that this will be the start of a significant expansion for us, and for other investment firms, in Tunisia. We have very ambitious plans for AT and we hope to better service the local market in terms of fingerlings, but also to better position AT as a highly reliable producer of quality fingerlings to the rest of North Africa as well as, in due course, to the Mediterranean basin," Albert Momdjian, Founder and CEO of SOKOTRA Capital said.
AT is the largest seabass and seabream hatchery and nursery in North Africa, with a current annual production capacity of 20 million fingerlings and 1,500 tons of fish per year, mainly seabass and seabream. The company was founded in 1988 by Si M'hamed Driss.
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