Amethis has agreed to acquire a significant minority stake in Tiba for Starch & Glucose, an Egyptian producer of rice-based specialty food ingredients, in a transaction expected to close in the second quarter of 2026, subject to regulatory approvals and other conditions.

“We are very pleased to partner with Hesham, other Tiba shareholders and the entire Tiba team,” said Toufic Khoueiry, Senior Partner at Amethis.

“Tiba has built a distinctive position in a sector supported by strong demand for sustainable plant-based food ingredients. Our investment aims to support the company’s growth ambitions while strengthening its operational capabilities and long-term development locally and globally.”

Founded in Egypt, Tiba produces a range of rice-derived value-added products including starch, fat powder, coffee creamer, and protein used in a variety of food applications. The company supplies food manufacturers in Egypt and has been expanding its exports into international markets.

The investment comes as demand grows globally for sustainable and plant-based food ingredients that offer nutritional and functional benefits compared with traditional alternatives. Tiba has built a position in this segment through its product portfolio and operational capabilities, positioning it to benefit from these long-term industry trends.

Amethis said the investment will support the company’s next phase of growth, including expanding production capacity, strengthening operational capabilities, broadening its product range, and increasing its presence in regional and global export markets. The investor will also work with Tiba’s management team to further strengthen environmental, social, and governance practices as part of the company’s development strategy.

The transaction marks the eighth investment made by Amethis MENA Fund II, which focuses on supporting small and medium-sized enterprises with growth potential across the Middle East and North Africa.

Hesham El Ghoroury, Chief Executive Officer of Tiba for Starch & Glucose, said the partnership would help accelerate the company’s growth plans. “We are delighted to welcome Amethis as a strategic partner at this important stage of Tiba’s development,” he said.

“Over the past years we have built a strong platform in the rice-based food ingredients industry supported by a talented team and strong relationships with our customers. Partnering with Amethis will allow us to accelerate our growth plans and strengthen our position in the Egyptian market while expanding further into export markets.”