TLA and BonelliErede Middle East represented the Shareholders of Al Islami Foods in the Sale of a Minority Stake to Mitsubishi Corporation

Dubai, United Arab Emirates - May 2018 - International law firms Tribonian Law Advisors (“TLA”) and BonelliErede Middle East announce that they have represented the shareholders of Al Islami Foods, which is part of the Dubai Cooperative Society and the leading manufacturer of halal food products in the Middle East, in the sale of a minority stake in Al Islami to Mitsubishi Corporation, the Japan-based globally integrated business enterprise.

 Saleh Saeed Lootah, chairman of the board of directors, Dubai Cooperative Society said: “This association with Mitsubishi Corporation is another step in Al Islami Foods ongoing efforts to accelerate growth. We believe the relationship with Mitsubishi will increase our production by double-digit growth over the next 5 years through a combination of the expansion of our product range and greater exports.”

For Mitsubishi Corporation, which operates businesses across virtually every industry, the deal expands its position in the global halal food market, which is expected to reach US$1.7 trillion by 2020.