Alfa Capital buys a one-third stake in Saudi fish farmer

Alfa Capital has completed the purchase of a 33.7% stake in Tharawat Al-Bihar through its Sharia-compliant Alfa Aquaculture Fund. The fund is Sharia-compliant, meaning its investments are structured to meet Islamic finance principles. Tharawat Al-Bihar farms fish on Saudi Arabia’s Red Sea coast, an aquaculture business that raises seafood in managed farms rather than catching it in the wild. The deal gives the fund a 33.7% minority stake rather than a full takeover, linking its investment to a Saudi producer of farmed fish.