Manama:Arcapita Group Holdings Limited, a global alternative investment firm, has announced that its portfolio company NEOPAY has entered into a definitive agreement to acquire a 65% controlling stake in noon payments. This acquisition represents a significant milestone in NEOPAY's regional expansion.
According to Bahrain News Agency, the transaction was announced during the Gateway Gulf Investment Forum 2026, hosted by the Bahrain Economic Development Board. The acquisition is part of Arcapita's strategy to grow NEOPAY's business and enhance its investment value by expanding beyond the UAE. Upon finalization, NEOPAY's operations will extend across the UAE, Saudi Arabia, and Egypt, thereby strengthening its payment solutions for both physical and online commerce.
Arcapita has been actively supporting NEOPAY by working closely with its management team to improve market position and operational capabilities. This acquisition aligns with Arcapita's private equity strategy of forming partnerships with leading companies and expanding into key markets. Hisham Al Raee, CEO of Arcapita Group, emphasized the strategy of combining operational expertise with expansion into key markets as essential for sustainable investment value.
NEOPAY's leading position in the UAE payments market is expected to be bolstered by this transaction, which aims to accelerate regional expansion and enhance digital capabilities. The integration with noon payments is anticipated to create a more comprehensive platform for the region's growing payments sector, thereby enhancing NEOPAY's investment value and supporting its long-term growth.
The transaction reflects Arcapita's focus on sectors benefiting from long-term structural growth, particularly technology-enabled services, and aims to contribute to the digital transformation of regional economies. Completion of the transaction will depend on customary conditions, including regulatory approvals.