News

Pinnacle Capital Acquires a 10.93% Stake in Depa Group

September 2024Riyadh, Saudi Arabia

Pinnacle Capital announces its acquisition of a 10.93% stake in Depa Group (Nasdaq Dubai: DEPA), one of the world’s leading providers of interior design and fit-out solutions. Headquartered in the United Arab Emirates, Depa Group brings together a strong corporate structure and strategic guidance across its specialized business units.

This strategic investment reflects our commitment to providing our clients with innovative, high-growth investment opportunities while capitalizing on the accelerating economic growth in Saudi Arabia.

Depa Group has significantly expanded its operations in Saudi Arabia, securing major contracts and strategic partnerships, particularly across the hospitality and destination development sectors. These achievements align with the objectives of Saudi Vision 2030, and we are proud to support Depa’s continued growth.

“Depa Group represents a significant growth opportunity. We are excited to support its expansion and contribute to its continued success, reinforcing our commitment to transformative investments across the region.”

Abdulwahab Albetairi, CEO of Pinnacle Capital.

About Pinnacle Capital

Pinnacle Capital is a Saudi investment firm focused on alternative investments and financial services, with a particular focus on opportunities aligned with Saudi Arabia’s economic transformation and Vision 2030. The firm provides investment management and transaction-related services across a range of alternative asset classes, including venture capital, private equity, public markets, infrastructure, and growth investments.

Pinnacle combines deep transactional expertise with an investment-led approach to identify high-quality opportunities and build long-term partnerships with founders, companies, and investors. The firm seeks to create sustainable value by providing capital, strategic support, and access to its regional network.