Barkat Frisian Agro Limited (BFAGRO), a joint venture between the Netherlands’ Frisian Egg Group and Pakistan’s Buksh Group, has established its first international subsidiary in Dubai, United Arab Emirates (UAE) as part of its strategy to expand its global footprint and strengthen export operations.
The company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday.
“The company is pleased to announce the successful establishment of its wholly-owned subsidiary company, Barkat Frisian Agro Global L.L.C-FZ. The subsidiary has been incorporated in the Meydan Freezone, UAE.
Its registered address is at Meydan Grandstand, 6th floor, Meydan Road, Nad Al Sheba, Dubai, UAE,” read the notice.
BFAGRO shared that the primary objective of the subsidiary is to enhance its international footprint by focusing on boosting export operations, increasing sales, and establishing a significant presence in the Gulf Cooperation Council (GCC) region.
“This strategic move is aimed at strengthening the ‘Barkat Frisian’ brand and creating long-term value for the company and its shareholders,” the company said.
Earlier in September, the company approved a strategic backward integration project aimed at strengthening its supply chain, enhancing cost efficiency, and improving quality control. Under the initiative, BFAGRO would invest Rs690 million in the development of two poultry farms with a combined capacity of 225,000 birds.
In April, BFAGRO announced to set up a dried egg powder production facility with an amount of Rs500 million.
Established in 2017, Barkat Frisian specialises in pasteurised egg products, including whole eggs, yolks, whites, and derivatives, catering to the HoReCa (hotel, restaurant, and cafe) sector, the sauces and mayonnaise industry, as well as the baking and confectionery market.
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