Foursan Group Acquires a 37 Percent Stake in Jordan-Based ATICO (MENA)

Source: Foursan Group

Foursan Group, a private equity firm primarily focused on the Middle East region, has acquired a 37 percent stake in Jordan-based ATICO—Fakhreldin Group, a holding company operating in multi-service hospitality management. ATICO intends to use the capital injection to fund local and regional expansion and to grow and diversify the group’s revenue streams. Financial details of the transaction, which was structured through Foursan Capital Partners I, were not disclosed.