SOKOTRA Capital, a Dubai-based private investment company focusing on frontier markets, has been appointed as the exclusive commercial and marketing agent for Grupo Dibaq Diproteg (Dibaq), one of Spain’s largest and oldest privately owned animal feed producers.

Under the agreement, SOKOTRA Capital will be responsible for promoting and marketing Dibaq’s products in Nigeria, Ghana, Tanzania, Zambia and Mozambique.

In addition, SOKOTRA Capital will work with Dibaq as a non-exclusive agent for other countries falling outside of these territories.

Albert Momdjian, Founder and CEO of SOKOTRA Capital, said: “This first step in a broader strategic alliance is an extremely important milestone for SOKOTRA Capital. We have been working very closely with Dibaq for over 18 months now assessing the optimal way for both of us to leverage on each other’s skills and capabilities.”

“This is one of several agreements SOKOTRA Capital and Dibaq are discussing in order to leverage Dibaq’s unique capabilities and experience in the animal nutrition business and SOKOTRA Capital’s expertise and developed network of relationships across frontier markets,” he said.

“It is clear that the Tejedor family, through Dibaq, is the best partner for us in the animal feed sector, not only because of the quality of their products, their capabilities and their unrivalled experience, but also because of their history, their reputation and their commitment to the development of a healthy animal food sector,” he added.

SOKOTRA Capital, an investment firm that was established in Dubai in April 2014, is a private investment company active in direct investments in the Mediterranean basin and frontier markets.

The products covered under the agreement include Dibaq’s full suite of animal feed products, namely fish feed, pet food, camel feed, horse feed and livestock feed lines.

Carlos Tejedor, President of Dibaq, said: “Dibaq has grown considerably on a global scale over the last few years, with over 50% of our total sales now originated in over 50 markets across four continents.”

“Frontier markets, and Africa in particular, represent a highly exciting next step for us as we take our leading animal feed products to high growth markets,” he said.

“After extensive due diligence, we have concluded that SOKOTRA Capital brings to us a deep expertise and connectivity in frontier markets as well as a shared philosophy and approach that I believe will help us create a strong, lasting and growing partnership,” he added.