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 UAE early stage investor Saffar Holding to exit its investment in Zawya

saffar-zawya.jpgSaffar Holding, an early-stage private equity investor in the Middle East, will exit its investment in regional financial portal Zawya in the next few weeks.

Back in October 2011 Saffar hired a London-based advisory firm, Arma Partners, to find acquirers and now The National is reporting that a multimillion-dollar sale of Zawya is expected to be finalized next month. Thomson Reuters, Emap and Pearson have expressed interest in acquiring the website.

(As DubaiBeat reported earlier, founders of Zawya Ihsan Jawad, Zaid Jawad and Husain Makiya managed Zawya for ten years and then left last year to launch HBT ventures).

Saffar Capital is listed in the Middle East Investors Directory with the code PI15




 HBT Ventures - a new tech investment firm in the Middle East

HBT ventures partnersToday The Next Web has an article about Laimoon, a new job site in the Middle East which is the first venture launched by HBT Ventures.

HBT Ventures (Honeybee Tech Ventures) is a newly established investment company based in Dubai with an exclusive focus on consumer internet ventures across the Middle East. The company will focus on identifying, developing and launching high impact online ventures with a wide reach to consumers in the region. (Let's wait for their website to launch on hbtventures.com which is currently under construction)

The partners in the firm are Ihsan Jawad, Zaid Jawad and Husain Makiya the co-foudners of Zawya (a Middle East business portal). They founded and run Zawya for a good ten years and then left it last year. The other partner in the firm is Abdulrahman Tarabzouni who is the regional manager of Emerging Arabia at Google.

We wish them the best of luck!

To see a list of investors from the Middle East check our Middle East Investors Directory



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