The Emirates Growth Fund has announced an investment of AED 45 million as a minority stake in the Emirati brand 'Carney Store', specializing in the production of premium protein-based products in the country. The investment combines expertise in supply, exclusive production, and retail through digital channels to elevate food standards nationwide. This investment, the fund's first in the food sector, marks a pivotal step reflecting the fund's commitment to building Emirati innovative companies with high competitiveness, contributing to strengthening local value chains, supporting national economic resilience, and reinforcing the pillars of food security and self-sufficiency. The CEO of the Emirates Growth Fund, Khalifa Al-Hajri, stated that the fund's investment in 'Carney Store' reflects its commitment to supporting Emirati SMEs with high potential through strategic capital and effective partnership, confirming the continuation of active investments in line with the long-term commitment to supporting companies in the UAE by working alongside them to realize their growth ambitions. In turn, Co-founder and Co-CEO of 'Carney Store', Fikri Batrus, said: 'The partnership with the Emirates Growth Fund is but a natural step in our journey, as we share the same vision of building strong national companies based on solid foundations and a long-term vision'.
