‎Alpha Capital acquires 33.7% of Tharawat Seas

Overview

What happened Source facts

‎ The signing ceremony Alpha Capital announced that Alpha Aquaculture Fund, a Shariah-compliant private equity fund, completed the acquisition of a 33.7% stake in Tharawat Seas Co., an aquaculture company operating on the coast of the Red Sea. The transaction was concluded under the patronage of the Ministry of Environment, Water and Agriculture, represented by H.E. Eng. Mansour bin Hilal Al-Mushaiti, Vice Minister of Environment, Water and Agriculture. Commenting on the transaction, Fahad Al Saud, Managing Director and CEO of Alpha Capital, said: “This partnership with Tharawat Seas, a leading player in the Aquaculture sector, represents a significant addition to Alpha Capital’s private equity portfolio. The fund provides investors with exposure to a promising sector experiencing rapid growth in demand, driven by changing food consumption patterns and growing awareness of the importance of seafood as a source of protein.” Al Saud added: “Saudi Arabia’s aquaculture sector is undergoing significant transformation, supported by the Ministry of Environment, Water and Agriculture and the National Livestock and Fisheries Development Program through initiatives aimed at strengthening food security, with targets that include raising national seafood production to more than 500,000 tons annually and increasing annual seafood consumption per-capita to 20 kilograms by 2030 from 13.4 kilograms in 2024.” Abdullah Al Qahtani, Chairman of Tharawat Seas, said: “This partnership is a strategic step in Tharawat Seas’ development, reflecting confidence in the sector and its role in supporting the Kingdom’s vision for a sustainable aquaculture industry and enhancing food security. The partnership is intended to advance the company into its next stage of development by supporting integration across aquaculture activities and increasing production capacity to meet market requirements and shareholder aspirations.” Tharawat Seas CEO Jaber Al Sahli said: “Alpha Aquaculture Fund’s investment underscores the promising opportunities available in the sector, including at Tharawat Seas, which has been operating steadily for more than 12 years.” The company currently produces more than 4,000 tons of fish annually, he said, adding that the investment is aimed at expanding fish production across multiple locations to meet demand in local and regional markets, followed by international markets. Alpha Capital is a Saudi financial institution licensed by the Capital Market Authority and is one of the leading firms in asset management and alternative investments. The company has more than SAR 28 billion in assets under management.

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When it occurred Not yet established

Geography Not established

Evidence 1 linked signal

Real-world state Breaking

No explicit date was tightly bound to the matched event text, so no occurrence date is claimed.

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Monitor for changes to supplier ownership, contract terms or account relationships.
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Determine whether internal exposure warrants earlier investigation.

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Source Facts

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Recorded source facts

‎ The signing ceremony Alpha Capital announced that Alpha Aquaculture Fund, a Shariah-compliant private equity fund, completed the acquisition of a 33.7% stake in Tharawat Seas Co., an aquaculture company operating on the coast of the Red Sea. The transaction was concluded under the patronage of the Ministry of Environment, Water and Agriculture, represented by H.E. Eng. Mansour bin Hilal Al-Mushaiti, Vice Minister of Environment, Water and Agriculture. Commenting on the transaction, Fahad Al Saud, Managing Director and CEO of Alpha Capital, said: “This partnership with Tharawat Seas, a leading player in the Aquaculture sector, represents a significant addition to Alpha Capital’s private equity portfolio. The fund provides investors with exposure to a promising sector experiencing rapid growth in demand, driven by changing food consumption patterns and growing awareness of the importance of seafood as a source of protein.” Al Saud added: “Saudi Arabia’s aquaculture sector is undergoing significant transformation, supported by the Ministry of Environment, Water and Agriculture and the National Livestock and Fisheries Development Program through initiatives aimed at strengthening food security, with targets that include raising national seafood production to more than 500,000 tons annually and increasing annual seafood consumption per-capita to 20 kilograms by 2030 from 13.4 kilograms in 2024.” Abdullah Al Qahtani, Chairman of Tharawat Seas, said: “This partnership is a strategic step in Tharawat Seas’ development, reflecting confidence in the sector and its role in supporting the Kingdom’s vision for a sustainable aquaculture industry and enhancing food security. The partnership is intended to advance the company into its next stage of development by supporting integration across aquaculture activities and increasing production capacity to meet market requirements and shareholder aspirations.” Tharawat Seas CEO Jaber Al Sahli said: “Alpha Aquaculture Fund’s investment underscores the promising opportunities available in the sector, including at Tharawat Seas, which has been operating steadily for more than 12 years.” The company currently produces more than 4,000 tons of fish annually, he said, adding that the investment is aimed at expanding fish production across multiple locations to meet demand in local and regional markets, followed by international markets. Alpha Capital is a Saudi financial institution licensed by the Capital Market Authority and is one of the leading firms in asset management and alternative investments. The company has more than SAR 28 billion in assets under management.

1 report 1 independent source

This Event rests on a single report. It has not been corroborated by a second, independent source.

‎Alpha Capital acquires 33.7% of Tharawat Seas

Argaam - Main NewsTrade pressTrade Publication 30th September 2026

‎ The signing ceremony Alpha Capital announced that Alpha Aquaculture Fund, a Shariah-compliant private equity fund, completed the acquisition of a 33.7% stake in Tharawat Seas Co., an aquaculture company operating on the coast of the Red Sea. The transaction was concluded under the patronage of the Ministry of Environment, Water and Agriculture, represented by H.E. Eng. Mansour bin Hilal Al-Mushaiti, Vice Minister of Environment, Water and Agriculture. Commenting on the transaction, Fahad Al Saud, Managing Director and CEO of Alpha Capital, said: “This partnership with Tharawat Seas, a…

Open original report → argaam.com

Linked Signals

Every collected Signal that contributed to this Event, with how it was matched.

Published	Headline	Source	Matched text	Extraction confidence	Method
30th September 2026	‎Alpha Capital acquires 33.7% of Tharawat Seas	Argaam - Main News	acquires	95.0	high precision phrase

Entities

The real-world companies, places, commodities and organisations this Event involves.

Country 1

Saudi Arabia reused entity extraction · confidence 95.0

Shipping Route 1

Red Sea reused entity extraction · confidence 75.0

Full linking detail

Entity	Type	Link method	Confidence	Source article
Saudi Arabia	Country	reused entity extraction	95.0	article
Red Sea	Shipping Route	reused entity extraction	75.0	article

Why ProcIntel Rates This

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Significance Significance estimates the potential procurement impact of the event, including factors such as supply, cost, operations, geography and strategic importance.

2 · Moderate

This type of disruption typically has a moderate procurement impact.
No specific geography identified yet.
No specific organisation linked yet — geographies, commodities and routes do not count as organisations.
No procurement category has been determined for this event.
Time horizon is not yet assessed for individual Events; a standard short-term assumption is used.

Confidence Confidence indicates how reliable ProcIntel considers the event assessment based on the quality, quantity and independence of the supporting evidence. It does not measure the event's importance.

2 · Low

Reported only by secondary sources so far — no primary/official confirmation yet.
Reported by a single source so far — not yet independently corroborated.
Some key facts (e.g. exact date) are still missing or unconfirmed.
Evidence was last updated within the last month.

Urgency How soon the evidence already identified for this event suggests action may be needed. Unknown means no sufficiently explicit or quantified timing evidence has been identified -- ProcIntel never infers a timeframe where the evidence does not support one.

Unknown

Timing not established. No sufficiently explicit or quantified timing evidence has been identified. Procintel has not inferred urgency where timing evidence is insufficient.

Impact Direction Whether the procurement impact of this development is assessed as negative, positive, or neutral/mixed.

Neutral or Mixed

Provisional default — not yet reviewed.