Aquaculture for all

Aqua Bridge announces plans for IPO

Shrimp Sea bream Recirculating aquaculture systems (RAS) +8 more

Aqua Bridge Group, one of the leading aquaculture companies in the Middle East, has announced that it is actively considering an initial public offering (IPO) on the Dubai NASDAQ.

Mohammed Tabish, CEO of Aqua Bridge Group

The UAE-based group has built an impressive portfolio of aquaculture ventures

The company has a portfolio of 16 ongoing aquaculture projects spanning six different countries – including the UK, Saudi Arabia, Kuwait, UAE, Maldives and Greece.

These range from RAS facilities to cage farms and involve species such as shrimp, grouper, bream and sea cucumbers.

“With an impressive year-on-year revenue growth of 143 percent and an anticipated surge of 425 percent in the current fiscal year… Aqua Bridge stands at the forefront of the aquaculture industry,” said the company in a press release.

CEO of Aqua Bridge Group, Mohammad Tabish, added: "We are at a juncture where going public is not only the logical progression for our organisation but also a pivotal step towards nurturing the phenomenal growth we've achieved thus far. The Dubai NASDAQ presents an exceptional platform to further elevate our presence in the global market."

“Under the sagacious guidance of its chairman, Sheikh Ahmad bin Manna Al Maktoum, Aqua Bridge Group has executed seamless backward and forward integrations, reinforcing its commitment to enhancing food security in collaboration with local competent authorities in the respective countries of operation. The company's financial stability is underscored by its robust growth trajectory, absent of any liabilities or loans, setting the stage for sustained profitability.

“With an extensive portfolio of long-term contracts secured until 2043, Aqua Bridge Group is primed to continue its legacy of excellence in aquaculture operations. This strategic move towards an IPO is poised to infuse the company with the capital required to catalyse its growth and solidify its position as an industry leader,” the announcement concluded.

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