logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Othaim Holding acquires 20% stake in Alpha Capital

Othaim Holding acquires 20% stake in Alpha Capital

NOHA.GAD
Dec 12, 2024
Othaim Holding Company acquired a 20% stake in Alpha Capital to become a strategic partners in it

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.

Tags

Saudi Arabia
Othaim Holding Company
Acquisition
Investments
Share

Attract clients with your ad

Start Now

Trending

Monsha’at concludes AI Week in partnership with SDAIA
MUBASHER.SA
PIF holds $26.3bn stake in SpaceX as of end of June
MUBASHER.SA
Egypt’s Fawry submits request to obtain ‘Major PI’ license from SAMA
MUBASHER
PIF, Formula E launch STEM education platform 'Driving Force Presented by PIF'
MUBASHER.SA
Saudi Energy to deliver power infrastructure to Expo 2030 Riyadh site
Riyadh - Sharikat Mubasher: Saudi Energy signed a Power Supply and Implementation Agreement with Expo 2030 Riyadh Company, wholly owned by the Public Investment Fund (PIF), to deliver the power infrastructure required across the Expo 2030 Riyadh site.The agreement was signed by Khalid AlGhamdi, Chief Executive Officer of Saudi Energy, and Talal Al-Marri, Chief Executive Officer of Expo 2030 Riyadh, according to the official statement,The deal aims to establish the electrical infrastructure required to meet the power demands of Expo 2030 Riyadh. This includes the construction of a bulk supply point, three primary substations, and all associated transmission and distribution infrastructure.Leading Saudi companies, including Alfanar, Haif Company, Trading and Development Partnership, and Al-Babtain Power & Telecom Company, will support the execution of these worksAlGhamdi highlighted that the agreement reflects the critical role of Saudi Energy in supporting major national projects by developing a reliable and highly efficient power infrastructure.He emphasized that Saudi Energy will deploy its capabilities and expertise to execute Expo 2030 Riyadh’s electric supply requirements to the highest standards of quality and operational performance, supporting the readiness of this global event and aligning with the Kingdom’s development goals.For his part, Al-Marri said: “The agreement marks another important milestone, reflecting the accelerated progress across the various workstreams underway on site and reinforcing its readiness in line with the established delivery schedule.”He noted that the partnership with leading Saudi national companies reflects confidence in local capabilities and expertise, and their ability to deliver projects of this scale and ambition in line with the highest technical and operational standards. Moreover, the agreement marks a significant step toward securing the critical utility requirements of Expo 2030 Riyadh and enabling the timely development and successful opening of the event. 

Related News

Private Equities News
Calendar Icon
Aug 16, 2026
PIF holds $26.3bn stake in SpaceX as of end of June
Read More
Private Equities News
Calendar Icon
Aug 16, 2026
PIF, Formula E launch STEM education platform 'Driving Force Presented by PIF'
Read More
Private Equities News
Calendar Icon
Aug 16, 2026
Saudi Energy to deliver power infrastructure to Expo 2030 Riyadh site
Read More
Private Equities News
Calendar Icon
Aug 13, 2026
UAE names 6 startups for inaugural Mastercard Lighthouse cohort
Read More
Private Equities News
Calendar Icon
Aug 13, 2026
AIREV partners with Qualcomm to bring sovereign AI to enterprises
Read More
Private Equities News
Calendar Icon
Aug 13, 2026
Money20/20 Middle East 2026 gathers global fintech leaders in Riyadh next month
Read More
Private Equities News
Calendar Icon
Aug 13, 2026
Riyadh Air, barq partner to advance airline payment technology development
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher