Alt Capital acquired a minority stake in Dkhoni, a prominent player in the regional fragrance market.
Dkhoni has a SAR 600M in revenue and plans to go public with a IPO in 18 months.
Alt Capital is focused on backing high-potential consumer businesses in Saudi Arabia and the broader region.
Abdullah Altobaishi, CEO of Alt Capital, commented: “We are pleased to partner with Dkhoni at this pivotal stage of its journey. The company has demonstrated strong brand equity, operational excellence, and a clear path toward scalable growth.”
The CEO of Alt Capital highlighted the firm’s satisfaction in partnering with Dkhoni at a crucial juncture, noting the company’s strong brand equity and operational capabilities.
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