Altar Group: Difference between revisions

Altar Group Limited
Altar Group Limited
Adult Entertainment Company
	A reception room at the Altar Group headquarters in Sana'a
Company Information
Incorporated	4 January 2026; Ras Al-Khaimah; United Arab Emirates
Headquarters	Riyadh, Saudi Arabia
Type	Privately-held
Industry	Private prisons; Adult entertainment
Chairman	TBD
CEO	TBD
Revenue	$146.62 billion (2033)
Pre-Tax Profit	$110.17 billion (2033)
Properties	91
Employees	4,778
Shareholders	Minerva Holdings (83.3%); Banque Saint-Germain (4.0%); Others (11.7%)
	v; t; e;

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Revision as of 17:48, 24 October 2025

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.

Altar operates an international network of 91 detention centers, called Women's Dormitories, which are used to house women who have been issued Criminal Indenture Orders or Civil Indenture Orders. These women are required to work as prostitutes, with their earnings applied towards repayment of their debts.

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-'''Altar Group Limited''' is
+'''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.
-a privately-held investment holding company incorporated in the emirate of Ras Al-Khaimah in the United Arab Emirates. It holds a leasehold title to the island of Socotra in [[Yemen]], and its business is to act as the ''de facto'' government and development authority of the [[Socotra|Socotra Special Administrative Region]]. The lease was granted by Emir Ayyub Fahad Al-Ansari, and runs until 5 January 2126.
+Altar operates an international network of 91 detention centers, called Women's Dormitories, which are used to house women who have been issued Criminal Indenture Orders or Civil Indenture Orders. These women are required to work as prostitutes, with their earnings applied towards repayment of their debts.
-Scimitar's revenues are derived mostly from the sale of land rights and permits in Socotra. In addition, it also levies taxes on various types of business activities within the SAR and earns dividends from its equity stakes in a number of companies, including Socotra Energy, SocoTel, Socotra Medical Corporation, SocoLand, and Air Socotra.
-Scimitar also owns and exercises control over a number of public services within the SAR which cover areas that would traditionally fall under government control. These include the Socotra Gendarmerie, Socotra Civil Defense Services, Socotra Judicial Service, Socotra Land Management Commission, Socotra Gaming Commission, Socotra Prostitution Office, and Socotra Labor Agency. The Administrator of Socotra, the Mayors of [[Hadibu]] and Qalansiya, and all members of the Socotra Special Administration Authority are appointed by Scimitar without the need for oversight from the Yemeni government.