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Kuwait’s Development Holding Company acquires luxury fragrance brand The Fragrance Kitchen

The transaction marks a significant expansion of DH’s investment portfolio

Development Holding Company x The Fragrance Kitchen
The acquisition marks DH's expanding their investment portfolio and reaffirming support for leading ventures

Development Holding (DH) has acquired The Fragrance Kitchen (TFK), founded by Sheikh Majed Al-Sabah.

This acquisition aligns with DH’s strategy to grow its investment portfolio and support projects.

Sheikh Majed Al-Sabah established TFK in Kuwait in 2012. The brand has since gained both local and international recognition for its fragrances.

Inspired by childhood memories filled with scents such as oud and Taif rose, Sheikh Majed founded the company as a luxury fragrance brand based on personal blends created for friends and family.

At DH, investments are more than just financial transactions; they are opportunities to empower dreams and drive progress toward a sustainable environment.

Talal Al-Ajmi’s approach is rooted in a deep understanding of human potential and a commitment to nurturing innovative ideas.

DH’s investment philosophy embraces storytelling as a powerful tool to connect financial strategy with wise leadership.

Their portfolio reflects strategic partnerships with diverse institutions, ranging from startups to established leaders, all united by a shared commitment to innovation and excellence.

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