Al Wafir for Marketing Services K.S.C.C., a Kuwait-based company, has announced a voluntary conditional cash offer to acquire between 50% plus one share and up to 51% of the issued and paid-up ordinary shares of UNIKAI Foods P.J.S.C., one of the UAE’s oldest food and beverage companies. The offer, priced at AED 6.60 per share, values the proposed transaction at approximately AED 130.7 million.
The move is expected to carry implications for the packaging supply chain. UNIKAI operates across dairy, juice, and ice cream categories and distributes to over 20 countries, making it a long-standing buyer of packaging materials. In 2024, UNIKAI expanded its retail footprint by opening a factory outlet in Sharjah and introduced new flavored milk variants, signaling active portfolio diversification. These developments may reinforce consistent demand for flexible and varied packaging solutions across its dairy and frozen product lines.
Al Wafir, affiliated with the Al Bahar family business group, stated that the offer “is intended to support the Offeror’s strategic growth objectives in the food and beverage sector” and enhance operational efficiencies. It also expressed a commitment to “modernize operations, strengthen the balance sheet, and support long-term growth initiatives.”
Shareholders of UNIKAI have until 1 PM on February 16, 2026, to accept the offer. If conditions are met, the transaction is expected to become unconditional before May 31, 2026. Payment to shareholders will follow within three days.
“The Offer becomes unconditional only if the Conditions are fulfilled,” the document states.