01
Trade & Commodities
Goods in motion: trading, distribution, and commodities, backed by physical inventory.
Private Equity · Est. MMXXV
Alwaysin theBlack.
We are a private equity firm rooted in the real economy. Delivering value you can see, profits you can count, and returns that last.
Our Standard
We own businesses that generate cash, not stories. Each held to a single standard: always in the black.
Sectors
Where we invest.
Where black ink is made.
Our focus is the real economy: five sectors chosen for hard assets, dependable demand, and the earnings they produce.
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Food & Beverage
Everyday essentials: food production, processing, and hospitality, carried by demand that rarely fades.
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Manufacturing & Industrials
The industrial base: factories and fabrication, where sharper operations land straight in the margin.
04
Real Estate
Property that pays: income-producing assets, durable and tangible.
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Defense
Security as infrastructure: resilient demand, often anchored by government.
Approach
How we create value.
How black ink is made.
Value comes from running companies well, not from leverage or financial engineering. Four disciplines guide every holding.
01
Ownership
We hold meaningful equity and stay close to the companies we back.
02
Operational improvement
Performance drives returns. We work with management to run each company better.
03
Discipline
We invest with equity, never interest-based debt, so each company stands on its own strength.
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Patient capital
Time is the ally of a good business. We hold for years, and let profit compound.
Principles
The principles we hold to.
N° 01 / 05
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We back what's real.
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We build value that lasts.
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We invest with conviction and discipline.
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We balance for every market.
05
We stay in the black.
Partnership
Work with us.
One standard. Two ways in.
For Business Owners
A long-term partner.
We strengthen the companies we buy, and respect the people who built them.
For Investors
Invest alongside us.
Ownership of essential, asset-backed companies. Disciplined, and without interest-based debt.
FAQ
Common questions.
Straight answers to what we're asked most often.
Yes, though we do it a little differently. Like any private equity firm, we buy and own companies. But we don't fund deals with interest-based debt, and we're in no rush to sell. We back good businesses, help them run better, and hold them for years.
Real, profitable companies that make, move, feed, build, or supply something, across food, manufacturing, trade, property, and defence. We look for solid foundations and room to get better.
Two ideas in one name. “In the black” is the old accounting term for being profitable, the opposite of being “in the red.” A standard is the mark you hold yourself to. Together, the benchmark for staying profitable, and the one rule we hold every company to.
Yes. Our deals are structured through recognized Islamic finance contracts: Musharaka and Mudaraba for partnership and profit-sharing, and Murabaha where asset financing is needed, rather than interest-based lending. We also avoid businesses that don't pass an ethical screen.
Our home markets are across MENA, particularly Egypt, Türkiye, and the GCC, with global reach beyond. The companies we own operate in these markets, and the investors alongside us are international.
We strengthen it, we don't strip it. We work with the people already running it and build on what's there. The goal is a healthier, more profitable business, not a quick resale.
We work with a small circle of partners, one deal at a time. Reach out and introduce yourself. We can't promise returns, but we'll tell you exactly how we work.