Development Holding Company Completes Acquisition of Massaleh Investment Company, Strengthening Its Investment Platform and Supporting Kuwait’s Vision 2035

Development Holding Company (DHC) has announced the successful completion of its acquisition of Massaleh Investment Company, marking a significant milestone in the Group’s long-term growth strategy and reinforcing its commitment to expanding its investment portfolio, strengthening operational businesses, and supporting Kuwait’s economic development.

The announcement was made during a press conference attended by representatives from leading media outlets, where company executives highlighted the transaction’s strategic importance and its role in advancing the Group’s future ambitions.

Talal Al Ajmi, Chief Executive Officer of Development Holding Company, said the acquisition reflects the Group’s confidence in Kuwait’s investment environment and aligns with its vision of building sustainable businesses that create long-term value.

“This acquisition represents more than a strategic investment—it marks the beginning of a new phase for Development Holding. Massaleh Investment Company will serve as the Group’s financial investment arm, enabling us to diversify our investment platform while capitalizing on more than 16 years of experience across financial markets and regulated industries. We firmly believe the private sector plays a vital role in achieving the objectives of New Kuwait Vision 2035 through innovation, investment, and economic diversification.”

Mohammed Al Jouan, Deputy Chief Executive Officer of Massaleh Investment Company, described the acquisition as a milestone for both organizations, emphasizing that Kuwait’s improving regulatory framework and economic indicators have created an increasingly attractive investment environment.

“The next chapter will focus on identifying quality investment opportunities, developing innovative business models, and creating sustainable value beyond traditional investment activities. We appreciate the continued efforts of the Capital Markets Authority and the Central Bank of Kuwait in fostering a transparent and well-regulated financial market.”

Othman Al Awadhi, General Manager of Development Holding Company, noted that the acquisition represents a new beginning for the Group’s investment strategy, with a strong focus on attracting high-quality opportunities and building strategic partnerships founded on trust, governance, and institutional excellence.

Meanwhile, Mohannad Youssef, Director of Media & Public Relations, stated that the true value of any acquisition is measured by the impact it creates after completion rather than its financial size.

“Continuing to invest and grow is the strongest response to today’s economic challenges. This acquisition reinforces Development Holding’s commitment to building sustainable businesses that contribute to Kuwait’s private sector and create long-term value for the national economy.”

Development Holding Company operates across a diversified portfolio that includes financial services, retail, food and beverage, perfumery, and technology, with brands including VI Markets, The Fragrance Kitchen (TFK), 20 Grams Specialty Coffee, and Canteen Kuwait. The acquisition of Massaleh Investment Company further strengthens the Group’s position as a diversified investment company focused on operational excellence, sustainable growth, and supporting Kuwait’s long-term economic aspirations under New Kuwait Vision 2035.