Standard Chartered Private Equity (SCPE) has acquired a large minority stake in Al Jazeera Agricultural Company – Jordan’s only fully integrated poultry and poultry feed producer and distributor for US$35 million. The Jordan-based company produces fresh and frozen chicken, parent and broiler hatching eggs, chicks and chicken feed. The proceeds from the deal will be used to support Al Jazeera’s expansion goals, and through the deal SCPE will be given two seats on the company’s board and will advise on the company’s expansionary plans to becoming a major regional player in the poultry sector. This is SCPE’s fifth investment in the region but it is its first investment in the agriculture and food sector in the Middle East and North Africa (MENA).
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