HPDC to acquire Believe.

Halal Products Development Company (HPDC), a global halal industry investment and advisory services provider, agreed to acquire Believe, a Singapore-based conglomerate providing halal cosmetics and personal care solutions. Financial terms were not disclosed. "Our investment in this sector marks a very important initial step that acts as a key catalyst for the development and localization of halal cosmetics and personal care manufacturing, enhancing the sector's efficiency and supporting research and development efforts to elevate services provided locally and globally. Our partnership with Believe represents a strategic opportunity to localize and transfer the company's expertise and resources to Saudi Arabia and provide high-quality products to local and global consumers. This investment will also contribute to achieving the targets of Vision 2030 by creating direct and indirect employment opportunities," Fahad Al Nuhait, Halal Products Development Company CEO.