# Alt Capital Signs Deal for Significant Minority Stake in Mazaya's 250-Site Fuel Network

> Alt Capital signed a share purchase agreement for a significant minority stake in Mazaya, a Saudi fuel retailer.

- Published: 2026-10-19T11:00:36+00:00
- Section: Mergers & Acquisitions
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-19/alt-capital-mazaya-minority-stake
- Source: [Argaam](https://www.argaam.com/en/article/articledetail/id/1945139)

## Key takeaways

- Alt Capital signed a share purchase agreement for a significant minority stake in Mazaya, a Saudi fuel retail and transportation operator with more than 250 locations.
- Mazaya expects annualized revenue of SAR 2 billion in 2026, and the deal remains subject to customary closing conditions including regulatory approvals.
- Alt Capital CEO Abdullah Altobaishi called the investment the first step in a broader strategy to consolidate the market and elevate customer experience.

[Alt Capital](https://akta.pro/company-profiles/00vxg15/alt-capital), a Riyadh-based CMA-regulated private equity firm, signed a share purchase agreement to acquire a significant minority stake in Mazaya, a Saudi fuel retail and transportation operator with more than 250 locations and expected 2026 annualized revenue of SAR 2 billion. [Argaam](https://www.argaam.com/en/article/articledetail/id/1945139) reported the agreement. The transaction remains subject to customary closing conditions, including regulatory approvals.

## Alt Capital's Share Purchase Agreement With Mazaya

Mazaya operates a network of more than 250 locations, with expected annualized revenue of SAR 2 billion in 2026. The investment is expected to support Mazaya's next phase of growth, focusing on expanding and upgrading its network, strengthening operational performance, and enhancing the customer experience across its stations and transportation services. The deal marks Alt Capital's opening move in the Kingdom's fuel retail sector.

Abdullah Altobaishi, CEO of Alt Capital, said: "This is the first step in a broader strategy to consolidate the market and elevate customer experience, fully aligned with the directives of the Ministry of Energy and Vision 2030. We are proud to partner with the Mazaya team behind a long-term vision for a more efficient sector."

Karim Burhani, Managing Director at Alt Capital, said Mazaya is a high-quality platform with strong fundamentals and a proven track record in a sector ripe for consolidation. He highlighted a clear opportunity to invest in operations and the customer journey while building a more sustainable market.

Abdullah Al Amri, CEO of Mazaya, described the partnership as providing the company with the institutional platform to scale its business model across the Kingdom faster and at a standard the sector has not seen before. Saudi Arabia's fuel retail sector remains highly fragmented, with qualified operators competing across a network that spans 13 regions and continues to expand in line with population growth and Vision 2030's infrastructure priorities.

## Alt Capital's Regulatory and Funding Record

According to akta.pro [company records](https://akta.pro/company-data), Alt Capital received Capital Market Authority approval for arranging activity in April 2026 under License No. 21231-02, adding transaction arranging to its previously held investment management authorization. The firm commenced investment management operations in October 2022 as a CMA-licensed closed joint stock company, after obtaining its initial Capital Market Authority license in September 2021. Its paid-up capital as a closed joint stock company is SAR 10 million.

## Mazaya Deal Closing Conditions

The transaction remains subject to customary closing conditions, including regulatory approvals, Argaam reported. No closing date was stated.

## Companies in this story

- [Alt Capital company profile](https://akta.pro/company-profiles/00vxg15/alt-capital) · website: https://altcapital.sa/en

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