LetterOne (L1) is pleased to announce a significant investment in Dayim Middle East Holding Company (“DMEH”), a leading equipment and truck logistics & leasing business in KSA and the broader Gulf Cooperation Council (“GCC”) region. The investment will fund DMEH’s continued growth.
L1 is an independent, Luxembourg-based business with $20bn of long-term global investments across energy, telecoms, retail and health. L1 already has a significant footprint in the Middle East through its ownership of Holland & Barrett, Remedica and holdings in Veon and investment funds.
L1’s investment in DMEH is an important next step in the long-term investor’s plans to establish an enduring presence and deploy substantial capital in business that matter across GCC over the next three years. Founded in 2006, DMEH has established itself as a market leader in equipment leasing and truck rentals, operating across key industries such as oil & gas, infrastructure, logistics, and mega projects. Its commitment to technology, logistics, operational excellence, and customer satisfaction has solidified its position as a trusted partner with significant growth potential in the region.