Development Holding Company Strengthens Its Strategic Investment Portfolio Following CMA Approval to Acquire Massaleh Investment Company

Development Holding Company (DHC) announced that it has received approval from the Capital Markets Authority (CMA) to acquire effective control of Massaleh Investment Company through a 100% acquisition, marking another important milestone in the Company's long-term investment and expansion strategy.

The approval reflects Development Holding Company's continued commitment to investing in established, licensed businesses that contribute to the growth and resilience of Kuwait's financial sector. The transaction represents a strategic investment aimed at strengthening institutional capabilities, creating long-term value, and expanding the Company's diversified investment portfolio.

More than an acquisition, this milestone demonstrates Development Holding Company's disciplined approach to identifying high-potential opportunities that support sustainable growth while contributing to the continued development of Kuwait's capital markets.

The Capital Markets Authority granted its approval after all regulatory requirements were fulfilled and the applicable fees were paid in accordance with Law No. 7 of 2010 regarding the Establishment of the Capital Markets Authority and the Regulation of Securities Activities, together with its Executive Bylaws. In accordance with the Authority's requirements, notification will be submitted upon completion of the acquisition process.

Commenting on the announcement, Talal Al Ajmi, Chief Executive Officer of Development Holding Company said, "This acquisition reflects our confidence in Kuwait's investment landscape and our commitment to building stronger institutions that create sustainable long-term value. At Development Holding Company, we believe strategic investments should go beyond ownership — they should enhance operational excellence, unlock growth opportunities, and strengthen the overall financial ecosystem. Massaleh Investment Company represents an important addition to our portfolio, and we look forward to supporting its next phase of growth while preserving the strength of its established market position."

"Our investment strategy is centered on acquiring and developing businesses with strong fundamentals, experienced teams, and significant growth potential. Every investment we make is guided by our commitment to creating lasting economic value, supporting innovation, and contributing to a more competitive private sector," he continued. "As Kuwait continues to advance its New Kuwait 2035 vision to diversify the economy, strengthen the private sector, and establish the country as a regional financial and commercial hub, we see our role as an active investment partner that helps transform this vision into reality. Through strategic acquisitions and responsible capital allocation, Development Holding Company is committed to supporting sustainable economic growth, attracting investment, and building institutions that will contribute to Kuwait's future prosperity."

The acquisition forms part of Development Holding Company's broader strategy of expanding across high-value sectors through responsible investment, strategic partnerships, and active value creation. By investing in businesses with strong long-term potential, Development Holding Company continues to contribute to the evolution of Kuwait's financial ecosystem while supporting the objectives of New Kuwait 2035, including private-sector empowerment, economic diversification, and sustainable development.

About Development Holding Company

Development Holding Company is a diversified investment group dedicated to building, investing in, and growing high-potential businesses across financial services, technology, retail, consumer brands, and strategic investments. Through a disciplined investment approach and a long-term growth vision, the company partners with exceptional management teams to create sustainable value, strengthen market-leading businesses, and contribute to Kuwait's ambition of becoming a leading regional center for investment, innovation, and economic development. For more information, visit dhc.com.kw.

Media Contact

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