The Clap
The “Derayah Private Equity Fund” signed a contract to acquire a minority stake in “Hala Bostani Trading”, owner of the Bostani Chocolate chain.
What
Hala Bostani, which is based in Dammam, started ten years ago, at the hands of the two brothers, “Saeed Bostani” and “Sari Bostani”. They started in Khobar then Riyadh, and then expanded to more than thirty branches in various Saudi cities, in addition to the UAE.
Hala Bostani
The company manufactures and sells chocolate, to both individual and corporate customers.
Its brand was known for its leadership in the luxury chocolate industry and for its innovation in the method of engraving on chocolate.
So What
Derayah Private Equity Fund is a PE investment fund mainly investing in private companies in which it sees opportunities for growth and exit after a few years.
The fund is a closed fund, Sharia-compliant, and regulated in accordance with the regulations of the Capital Market Authority (CMA).
Now What
Bostani hopes that the fund’s expertise will help take the company to the next level, with the company aiming to be listed on the financial market.
