Saffar 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