IFFCO Group
Growth Score40DXBi Rank66Heat Score100International Foodstuffs Company
To be the preferred provider of sustainable, value-added products and services for everyone, everywhere, and every day.
Media
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HSBC's $400 million IFFCO exposure puts UAE restructuring talks in focus
IHC and Mohamed Alabbar express preliminary acquisition interest in IFFCO
IFFCO Group Enters Provisional Liquidation Amid US$2B Debt Restructuring
$2bn debt restructuring and provisional liquidation
IFFCO Group Faces Provisional Liquidation Over $2 Billion Debt Crisis
Explainer: Why Dubai food giant IFFCO fell into crisis, what it means
IFFCO faces provisional liquidation amid $2 billion debt crisis
Dubai food group IFFCO looks to restructure debt
DP World – IFFCO edible oil packing plant, Berbera Economic Zone (Somaliland)
Overview
Growth Score
Steady
Heat Score
Trending up
Details
- Operating Status
- Active
- Company Type
- Private (family-owned, transitioning to independent board amid 2026 debt restructuring)
- Headquarters
- Dubai, UAE (Tiffany Tower, since 2019); originally established/registered in Sharjah in 1975
- Founded
- 1975
- Company Size
- 1000+ employees
- Website
- iffco.com
Products & Services
IGLOO
Ice cream and frozen desserts brand
London Dairy
Premium ice cream brand
Tiffany
Chocolates and culinary products brand
Al Khazna
Poultry/chicken products brand
Al Baker
Flour and bakery ingredients brand
NOOR
Edible oils and sauces brand
Fern
Butter and dairy-fat products brand
ICEE / Just Chill
Frozen drinks / impulse beverage brands
Pristine
Creams and culinary sauces brand
Rahma
Food products brand (MENA-focused)
Savannah
Consumer food products brand
THRYVE
Plant-based meat brand; described as the Middle East's first 100% plant-based meat factory, opened in Dubai in 2023
Quanta
Packaging products/solutions brand
People
Technology
Tech stack
Financials
Funding rounds
Projects
THRYVE plant-based meat factory launch
IFFCO opened THRYVE, described as the Middle East/GCC's first 100% plant-based meat factory, in Dubai Industrial City, targeting roughly 30% of the GCC population.
Mar 17, 2023
IFFCO edible oil packing plant, Berbera Economic Zone (with DP World)
IFFCO Somaliland signed a 25-year lease/collaboration agreement with DP World to build a 300,000 sq ft (with future 300,000 sq ft expansion) edible oil packing plant in DP World's Berbera Economic Zone, Somaliland; signed by DP World MEA CEO Suhail Albanna and IFFCO Executive Director Rizwan Ahmed.
Nov 8, 2022
SACE-guaranteed Islamic finance facility for IFFCO (Push Program)
Italy's export credit agency SACE partnered with IFFCO Group on its first-ever Islamic finance structure (Commodity Murabaha) guarantee globally, with HSBC as sole financing participant, to support the Italian food and beverage supply chain under SACE's 'Push Strategy' programme.
May 1, 2024
$2bn debt restructuring and provisional liquidation
IFFCO Group pursued a debt restructuring (initially reported at ~$1.5bn in September 2025, later ~$2bn) with lenders led by HSBC; advisors reported at various stages include Alvarez & Marsal, PwC and Rothschild & Co (which reportedly replaced an earlier advisor); court-supervised proceedings in the Isle of Man and Singapore culminated in the company entering provisional liquidation around May 3-12, 2026, with FTI Consulting appointed as provisional liquidators while operations continue.
$2.0B
May 12, 2026
SACE Islamic financial facility supporting Italian F&B value chain
Italy's export credit agency SACE announced an Islamic-finance-compliant facility to support Italian food and beverage supply chains linked to IFFCO, part of the group's international sourcing/trade finance arrangements.
Jan 1, 2024
IHC and Mohamed Alabbar express preliminary acquisition interest in IFFCO
Abu Dhabi's International Holding Company (IHC, chaired by Sheikh Tahnoon bin Zayed Al Nahyan) and Dubai businessman Mohamed Alabbar (Emaar founder) separately expressed preliminary interest in acquiring all or part of debt-stricken IFFCO, reportedly sending letters to IFFCO's board and lenders. No formal offers had been submitted as of the report; IFFCO's assets were described as worth 'several billion dollars' pending the outcome of restructuring. Based on Bloomberg reporting; IFFCO, IHC and lenders declined/did not respond to comment.
Jun 2, 2026
DP World – IFFCO edible oil packing plant, Berbera Economic Zone (Somaliland)
IFFCO signed a lease and collaboration agreement with DP World to build an initial 300,000 sq ft edible-oil packing facility (with a further 300,000 sq ft expansion planned) in the Berbera Economic Zone, Somaliland, on a 25-year lease, to serve the Horn of Africa market. Signed in Dubai; DP World was represented by CEO & Managing Director Suhail Albanna.
Nov 8, 2022
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