Riyadh - Sharikat Mubasher: Othaim Holding Company, a leading family business in Saudi Arabia, acquired a 20% stake in Alpha Capital, becoming a strategic partner in the Shariah-compliant boutique investment company.
This partnership came as part of a shared strategic vision of enhancing Alpha Capital’s growth trajectory in the region and exploring new investment opportunities, Othaim Holding Company announced in a statement today.
Capitalizing on Othaim Holding’s expertise and leading position, Alpha Capital aspires to expand its business and accelerate sustainable growth through this partnership.
Abdullah Saleh Al Othaim, Chairman of Othaim Holding, stated that the partnership aligns perfectly with the company’s vision of diversifying investments and exploring unique opportunities across various sectors, notably the financial one.
He further affirmed Othaim Holding’s commitment to keeping up with the Kingdom’s economic transformation, in alignment with Vision 2030’s goals.
Al Othaim clarified that the company’s sustainable growth strategy focuses mainly on forging partnerships, building collaborations, and sharing knowledge and expertise with successful entities.
On his part, Chairman of Alpha Capital Khalifa AlMulhem stated that the partnership with Othaim Holding marks a significant milestone in the company’s journey and solidifies its vision for achieving sustainable growth and opening new investment horizons.
Alpha Capital, licensed by the Capital Market Authority (CMA), focuses on asset management, alternative investments, and investment banking.