Amethis MENA Fund II backs Egyptian rice-ingredients producer Tiba
Tiba produces rice-derived ingredients including starch and glucose syrups for food manufacturers.
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Private equity firm Amethis has entered into definitive agreements for a significant minority investment in Tiba for Starch & Glucose, an Egyptian producer of rice-based specialty food ingredients.
Tiba produces rice-derived ingredients including starch, fat powders, coffee creamers and proteins. The company supplies food manufacturers in Egypt and exports to international markets.
“We are delighted to welcome Amethis as a strategic partner at this important stage of Tiba’s development. Over the past years, we have built a strong platform in the rice-based food ingredients industry supported by a talented team and strong relationships with our customers. We believe that partnering with Amethis will allow us to accelerate our growth plans and further strengthen our position in the Egyptian market while enhancing growth in export markets,” said Hesham El Ghoroury, CEO of Tiba for Starch & Glucose.
“We are very pleased to partner with Hesham, other Tiba shareholders and the entire Tiba team. Tiba has built a distinctive position in a sector supported by strong demand for sustainable plant-based food ingredients. Our investment aims to support the company’s growth ambitions while strengthening its operational capabilities and long-term development locally and globally,” said Toufic Khoueiry, senior partner at Amethis.
The transaction remains subject to certain conditions and regulatory approvals and is expected to be finalised within the second quarter of 2026.
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