# North Africa Holding

North Africa Holding is a Private Equity based in Dasman, Kuwait.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Dasman, Kuwait
- **Region:** Middle East
- **Address:** Dasman, Kuwait
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** www.northafricaholding.com
- **LinkedIn:** https://www.linkedin.com/company/north-africa-co

## Regulatory record

- **Reports private funds:** No

## About

North Africa Holding Co. (NorAH) is a Kuwait based Investment Company established in September 2006. It aims to capitalize on the significant investment opportunities arising within North African economies.

## Sectors

- Real Estate
- Healthcare
- Manufacturing
- Pharmaceuticals
- Leisure & Hospitality

## Offices

- Tunis, Tunisia

## Questions

### Who controls investment decisions at North Africa Holding?

KAMCO, the asset-management subsidiary of KIPCO, managed the private placement that capitalized NorAH in 2006 and appointed its initial board and CEO (per AME Info, October 2006). Individual investment-committee members are not publicly disclosed.

### Which geographies does NorAH actively cover?

The firm invests across North Africa. Confirmed deal activity spans Algeria, Egypt, Morocco, and Tunisia, with its operational headquarters located in Tunis (per Zawya, January 2009).

### Does NorAH do direct deals or fund commitments?

Deal activity points to direct control and co-investment. NorAH has taken majority stakes (Egyptian International Medical Center, 2010), 50% positions (Kandil Glass, 2010), and minority board-representation stakes (Dar Saada, 2011), rather than operating as a fund-of-funds.

### What is NorAH's relationship with KIPCO?

KIPCO — Kuwait Projects Company — was the parent sponsor that created NorAH in 2006. Its asset-management arm KAMCO ran the capital raise and governance setup, making NorAH a subsidiary vehicle within the KIPCO conglomerate rather than an independent firm.

## Related profiles

- [Norte Ventures](https://altss.com/profile/norte-ventures)
- [North American Funds](https://altss.com/profile/north-american-funds)

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Last updated: 2026-08-11T15:07:34.613Z

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