Agthia (AGTH.AD) expects to post strong double digit top and bottom line growth in 2016 after posting c20% Y-o-Y earnings growth in 2015, said Iqbal Hamzah, the company's chief executive. The target is contingent upon stable oil prices and regional affairs, he added as a weaker oil price could reduce liquidity, raise funding costs and therefore impact funding required for expansion and planned acquisitions. Agthia is aiming to spend AED250 million to launch new products, raise capacities, complete acquisitions, and enter new countries (Saudi Arabia) this year. The company plans to ink deals with distributors this quarter for flour in Saudi in 1Q2016. The price tag of its recent acquisition of Al Bayan Water in October 2015, undisclosed until now, is estimated to be between AED160-180 million. In the longer term the company aims to become a USD1 billion company by 2020. (The National)