Altar Group: Difference between revisions
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Revision as of 18:01, 24 October 2025
| Altar Group Limited | |
|---|---|
| Saudi Corporation | |
 A reception room at the Altar Group headquarters in Sana'a | |
| Company Information | |
| Incorporated | 4 January 2026 |
| Headquarters | Riyadh, Saudi Arabia |
| Type | Privately-held |
| Industry | Private prisons Adult entertainment |
| Chairman | TBD |
| CEO | Faisal bin Mokhtar al-Nafisah |
| Revenue | $166.62 billion (2033) |
| Pre-Tax Profit | $130.17 billion (2033) |
| Properties | 91 |
| Employees | 4,778 |
| Shareholders | Oasis Investments (54.3%) Mudabala (20.4%) Minerva Holdings (20.4%) CX4 Capital (4.6%) |
Altar Group Limited is a Saudi-owned private company that owns and operates private prisons and detention centers throughout the Middle East and North Africa, specializing in the custody of indentured women. It is majority-owned by Oasis Investments, one of Saudi Arabia's sovereign wealth funds. Its other shareholders include Mudabala, Minerva Holdings and CX4 Capital.
Through public-private partnerships with various governments and local authorities, Altar operates an international network of 91 detention centers, known as Women's Dormitories, which are used to house women who have been issued Criminal or Civil Indenture Orders. These women are required to engage in mandatory labor as prostitutes, with their earnings applied towards repayment of their debts.
Altar earns revenues from leasing Inmate Prostitutes to adult entertainment establishments as well as through custodial fees charged to the Inmate Prostitutes themselves. Its sister company, Altar Finance, earns additional profits from providing factoring services to the holders of the Inmate Prostitutes' debt.