Kuwait Development Holding Company Expands with Massaleh Investment Company Acquisition
KUWAIT CITY — Development Holding Company (DHC) has received regulatory approval to acquire full control of Massaleh Investment Company, marking a significant step in the Kuwaiti firm’s expansion strategy.
The Capital Markets Authority gave the green light after DHC met all regulatory requirements and paid applicable fees under Kuwait’s capital markets law. The transaction will integrate Massaleh into a broader investment group focused on financial services, technology, retail, consumer brands, and strategic investments.
Talal Al Ajmi, DHC’s Chief Executive Officer, said the acquisition reflects confidence in Kuwait’s investment landscape and a commitment to building stronger institutions. “Strategic investments should go beyond ownership—they should enhance operational excellence, unlock growth opportunities, and strengthen the overall financial ecosystem,” he stated.
The move aligns with Kuwait’s New Kuwait 2035 agenda, which aims to diversify the economy, boost private-sector participation, and position the country as a regional financial hub. DHC said it plans to continue investing in businesses with strong fundamentals and growth potential while contributing to the development of the nation’s financial sector.
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