Amethis has agreed to acquire a significant minority stake in Tiba for Starch & Glucose, an Egyptian producer of rice-based specialty food ingredients, in a transaction expected to close in the second quarter of 2026, subject to regulatory approvals and other conditions. “We are very pleased to partner with Hesham, other Tiba shareholders and the entire Tiba team,” said Toufic Khoueiry, Senior Partner at Amethis. “Tiba has built a distinctive position in a sector supported by strong demand for sustainable plant-based food ingredients. The investment comes as demand grows globally for sustainable and plant-based food ingredients that offer nutritional and functional benefits compared with traditional alternatives. Hesham El Ghoroury, Chief Executive Officer of Tiba for Starch & Glucose, said the partnership would help accelerate the company’s growth plans.

Source: The North Africa Journal March 18, 2026 14:08 UTC