Thahab Perfumes, an Emirati house of luxury fragrances and perfumery that was started in 2019, fulfils the need for exclusive and genuine Oriental perfumes appealing to both men and women raised an investment of $400000 from Hope Ventures and private investors Dr Khalid Altawil, Basel AlAbdulkarim and Suhail Algosaibi.
Commenting on their co-investment in Thahab Perfumes, Fajer Saleh Al Pachachi, General Manager at Hope Ventures, shared: “I am thrilled to announce Hope’s co-investment, alongside the entire panel of investors of this Beban episode, in Thahab Perfumes, a UAE-based fragrances retailer that has consistently achieved strong traction in the market since its inception. With a solid track record of profitability and a passionate founder driving the company forward, Thahab Perfumes has become a standout player in the industry.”
She added: “This investment reflects our confidence in Thahab Perfumes’ ability to successfully expand its business model to the rest of the GCC countries, allowing a wider audience to experience the fragrances that have garnered a strong endorsement from this Beban episode’s investor panel.”
Saudi investor Basel AlAbdulkarim commented on his part: “As a second-time Beban investor, I am thrilled to co-invest alongside Hope in Thahab Perfumes. Their proven traction and exceptional growth potential fuel my excitement as an investor, and I am committed to supporting their continued success and expansion.”
Ahmed Alremeithi, General Manager of Thahab Perfumes, said: “I started Thahab Perfumes three years ago to pursue my passion for perfume. We have reached many milestones since then, and in 2020, we customized the world’s strongest perfume pump to strengthen our product. Today, after our participation in Beban Season 3, we are thrilled to have the entirety of the panel of investors, which is a testament to the validity of our products. We look forward to utilizing their wealth of knowledge to grow and expand Thahab to be a household name in the region.”
