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 Investment Corporation of Dubai invested $30 million in Ohio nanotech firm

ICD-Nanotronics.jpgNanotronics, a nanotechnology startup based in Ohio, acquired a $30 million funding from the Investment Corporation of Dubai (ICD) as well as its current investor, Founders Fund.

Nanotronics was founded in 2010 and develops an advanced automated microscope. They also offer custom software, medical applications and a new virtual reality system. (Established in May 2006, the ICD is the Government of Dubai's principal investment arm. They have a vast portfolio that encompasses sectors like financial services, transportation, energy and industries, real estate and leisure, retail and more.)

Investment Corporation of Dubai is listed in the Middle East Investors Directory with the code MA1610.

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 Saudi Aramco Energy Ventures invests in California FogHorn Systems

foghorn-aramco.jpgSaudi Aramco Energy Ventures, the corporate venturing subsidiary of the Saudi Arabian Oil Company and a consortium acquired stake in California-based FogHorn Systems in an investment offering totaling $15 million.

FogHorn Systems is a privately held company founded in 2014 by Mohan Reddy, T.M. Ravi and Kamesh Raghavendra. The company is a leading developer of "edge intelligence" software for industrial and commercial IoT applications. (Saudi Aramco Energy Ventures is the corporate venturing subsidiary of Saudi Aramco, the world's leading integrated energy and chemicals company. They invest globally into early-stage and high growth companies that have strategic importance to its parent, Saudi Aramco.)

Saudi Aramco Energy Ventures is listed in the Middle East Investors Directory with the code SINOC23.

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 Dubai venture capital firm co-invested $7 million in New York firm Wahed

wahed-dubai.jpgBECO Capital, a venture capital firm based in Dubai, has co-invested $7 million in New York Wahed Invest, a digital halal-focused ethical investing platform.

With a $100 minimum investment, Wahed provides access to investments in halal-compliant portfolios. Founded in 2012, BECO Capital is a venture capital firm based in Dubai providing early stage growth capital to companies all over the world. They have invested in 15 companies so far and have exited 6 investments.

BECO Capital is listed in the Middle East Investors Directory with the code SINOC9.

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 Qatar investment firm purchased Beverly Hills office building for $177 million

QIAQatar investors of Qatar Investment Authority (QIA), along with other investors have acquired an office building in Beverly Hills California for $177 million.

The Wilshire Boulevard office building is a 171,000 square foot office property located in the middle of the golden triangle of Beverly Hills. (QIA was established in 2005. Headquartered in Doha it was founded as a means to strengthen the country's economy.)

Qatar Investment Authority is listed in the Middle East Investors Directory with the code BD44.

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 DubaiBeat.com an official partner of Super Return MidEast 2017 for the 10th year

SuperReturn DubaiBeatIt is a pleasure for us to announce that, for the 10th year in a row, DubaiBeat.com is an official partner of the Super Return Middle East. The summit, which is being held in Abu Dhabi 22-24 October 2017, is the top private equity event in the Middle East.

This event is a good opportunity to hear from global and regional expert speakers, divulge in networking opportunities and hear about the biggest topics in private equity. Whether there to fundraise in the region or deploy capital, SuperReturn Middle East offers delegates the opportunity to meet key regional and global contacts, including LPs currently investing in private equity. Find more details about the event on its website. (You can get a 10% discount when you quote the VIP code FKR2392DBEM).

Among other sponsors and partners you can find Ernst & Young, PricewaterhouseCoopers, Waha Capital and Gulf Capital.

(If for any reason you can not attend, feel free to download our Middle East Investors Directory, now in its 9th year of publication, to get a sense of private equity investors from the region.)


 Dubai private equity firm invested in cinema operator Cinepax

the-abraaj-group-cinepaxDubai private equity firm Abraaj Group has invested in Cinepax, Pakistan's top cinema operator.

Cinepax was opened in 2006 and currently has 29 screens spread throughout 8 cities in Pakistan. With Abraaj investment, they're aiming to add 80 more screens in different locations by 2021 as well as pursue other ventures in entertainment. (Founded in 2002, Abraaj Group invests in thematic businesses as well as private equity in industries like healthcare, energy infrastructure and real estate.)

Abraaj Group is listed in the Middle East Investors Directory with the code OR01.

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 DubaiBeat.com an official partner of Zurich private equity event

db eurusIt is a pleasure for us to announce that DubaiBeat.com is an official partner of the EURUS 2017 Zürich. The summit, which is being held in Zurich on 12 October 2017, is a high-level international private capital forum.

EURUS brings together fund and asset managers, institutional and private investors, family offices, consultants and entrepreneurs with interests in the broader European private markets. Find more details about the event on its website.

Among other sponsors and partners you can find KPMG, Skolkovo Investor Club, German, Austrian and Russian Private Equity and Venture Capital Associations.

(If for any reason you can not attend, feel free to download our Middle East Investors Directory, now in its 9th year of publication, to get a sense of private equity investors from the region).


 Dubai venture capital firm invested in Singapore online travel company

mevp-wegoDubai-based venture capital firm Middle East Venture Partners MEVP has acquired stake in WeGo, an online travel marketplace based in Singapore.

Founded in 2005, Wego is now headquartered in Singapore and Dubai with regional operations in Bangalore and Jakarta. Current Investors include Tiger Global Management, Crescent Point Group, SquarePeg Capital and MBC Group. MEVP investment size is not disclosed, but Wego has so far raised around $57 million, the latest of which reportedly a $12 million investment from MBC Group.

(With offices in Beirut, Dubai and Silicon Valley, MEVP has more than $120 million in assets under management. They have 23 investment professionals and have invested in more than 40 companies).

Middle East Venture Partners is listed in the Middle East Investors Directory with the code SINJA31.

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 Dubai venture capital firm invested $700,000 in fintech company Now Money

dubaivc nowmoneyMyrisoph Capital, a Dubai-based venture capital firm, has acquired stake in Now Money, a FinTech firm in the Gulf region for $700,000.

Now Money uses mobile banking technology to provide accounts, financial inclusion and low-cost remittance options to low-income migrant workers in the Gulf region. (Headed by Hassan Alhassani and based in Dubai, Myrisoph Capital is established in 2016 and invests in companies all over the world. Daire Gilmore, Samer El Housseini and Sarah Al-Hajali are among its managers). Its total funding round was at $1.46 million with other investors including Middle East women's investor network WAIN.

To see listing and email addresses of investors from Dubai similar to Myrisoph Capital, check the Middle East Investors Directory

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 Bahrain Investcorp announces its first real estate investments in Europe for $45 million

investcorp-europe.jpg

Bahrain investment firm Investcorp has announced it has completed its first two real estate investments in Europe for $45 million.

Investcorp has acquired two modern warehouse units in Doncaster, UK. Additionally, Investcorp has acquired a light manufacturing facility on the Sutton Fields Estate. (This is considered a beginning for Investcorp's European real estate operations. Their US real estate arm has been investing in the industrials and logistics space for some time as DubaiBeat reported before).

Investcorp is listed in the Middle East Investors Directory with the code OR30.

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 Qatar firm QSTEC acquired 49% of German solar company SolarWorld

qatar-solar-germany.jpgQatar Solar Technologies, an integrated solar investment firm, has acquired 49% stake in Germany's solar energy producer SolarWorld Industries.

Established in 1988, SolarWorld is a German company dedicated to the manufacture and marketing products worldwide by integrating all components of the solar value chain. (Established in 2010, Qatar Solar Technologies QSTEC is an integrated solar company with a polysilicon production plant in Qatar as well as investments in solar firms all over the world)

To see listing and email addresses of private equity and venture capital firms from Qatar similar to Qatar Solar Technologies, check the Middle East Investors Directory.

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 Saudi investment firm and a consortium acquired stake in San Francisco blockchain firm

inetloyyal.jpgSaudi investment firm Integrated Networks and a consortium of Middle East investors have acquired stake in Loyyal, a US-based blockchain loyalty and rewards platform, in a series A round which included other Middle Eastern investors as well.

Using blockchain and smart contract technology, Loyyal has built a loyalty and rewards platform to offer multiple industries ways to both improve profitability and engage customers. Established in 2001, iNet is founded by a group of Saudi investors and invests in payments and financial technologies fintech, information and communication technologies, and other strategic global investments. Other investors in this round include UAE Exchange and Hayaat Group.

Integrated Networks iNet is listed in the Middle East Investors Directory with the code SAU29.

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 Saudi investor acquired stake in UK media firm The Independent

independent-dubaibeat.jpgSultan Mohamed Abuljadayel, a 42 years old Saudi national, has acquired stake in the famous British newspaper The Independent for a reported sum of $130 million.

Established in 1986, the Independent was controlled by Tony O'Reilly's Independent & Media from 1997 until Russian oligarch Alexander Lebedev invested in it in 2010. Sultan Mohamed Abuljadayel, 42, listed in company records as a Saudi-based Saudi Arabian national and has acquired up to 50 percent of the Independent. According to Middle East Eye, a source with knowledge of the deal said the investment may be as much as $130 million.

To see listing and email addresses of investors from Saudi Arabia similar to Sultan Mohamed Abuljadayel, check the Middle East Investors Directory

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 Dubai private equity firm acquired casual dining firm Java House for $100 million

abraaj-java.jpgDubai private equity firm Abraaj Group has acquired Java House Group, an East African casual dining chain, for $100 million.

Java House Group was established in Nairobi in 1999. In 2012 Emerging Capital Partners, a private equity firm, acquired a majority stake in the company, Today it has 60 stores across 10 cities in Kenya, Uganda and Rwanda. (Till today Abraaj Group has deployed $3.2 billion in 80 transactions in Africa. Terms of the deal is not disclosed but DubaiBeat sources are suggesting a purchase price of around $100 million).

Abraaj Group is listed in the Middle East Investors Directory with the code OR01.

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 Saudi investment firm SAEV acquired stake in Irish firm OxyMem

oxymem-saudi.jpgSaudi investment firm SAEV, the corporate venturing subsidiary of Saudi Aramco, has acquired stake in Oxymem, a wastewater treatment firm based in Ireland.

Oxymem solves energy intensive wastewater treatment with a specific solution. Among Oxymem other investors you can also find the Dow Chemical company. (Saudi Aramco Energy Ventures invest globally into early-stage and high growth companies with technologies of strategic importance in oil and gas, petrochemicals, renewables, energy efficiency and water sectors.)

Saudi Aramco Energy Ventures SAEV is listed in the Middle East Investors Directory with the code SJL71.

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 Venture Capital firm Arab Angel acquired stake in California firm NuEyes

arabangel-california.jpgArab Angel, a fund for HNWIs and family offices in the Middle East, has acquired stake in NuEyes, a California wearable technology firm.

Based in Orange County, NuEyes brings wearable technology to market for the visually impaired. It is founded by two US veterans in partnership with a military contractor who developed glasses for battlefield applications. (With offices in Abu Dhabi, New York, and Washington DC, Arab Angel Fund helps HNWIs and family offices from the GCC and MENA access companies in the US. Their investment committee include Abdulla Al Suwaidi, Mayssoun Habra, Hisham Al Gurg and Saud Al Nowais).

To see listing and email addresses of investors from the Middle East similar to Arab Angel Fund, check the Middle East Investors Directory.

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 Middle East investors acquired stake in online firm Bloovo.com for $3 million

bloovo investorsA consortium of Middle East investors have acquired stake in the online recruitment platform Bloovo.com for $3 million.

Established in 2016, Bloovo.com is an online recruitment website having around 1,800 employers as of May 2017. It is adopting data science and algorithms in the recruitment process as a means of eliminating the job mismatch problem. (Noble Partners led this investment round along with other investors including ProCapita HR Consultancy and Sulaiman Al Rubaie from Kuwait, Al Shafar, Al Serkal and Al Ghussain families from the UAE and Mohamad Moosa Abdulrahman Investment Office from Oman).

To see listing and email addresses of investors from the Middle East, check the Middle East Investors Directory.

More details follows from Khaleej Times

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 Bahrain investors acquired Nordic firm ABAX for $210 million

bahrain investors norwayBahrain investment firm Investcorp has acquired ABAX, a vehicle tracking systems technology firm based in Norway, for $210 million.

Founded in 2003, ABAX is headquartered in Norway with 350 employees. It develops telematics solutions for commercial and private vehicles and sells products for fleet management and GPS tracking. Their other offices are in Sweden, Finland, Denmark, Holland, Poland, China and the UK. (This is Investcorp third investment in the technology sector in the last 6 months. It had invested in the fleet telematics sector before by investing in SageQuest and Fleetmatics, which eventually merged and listed on NYSE).

Investcorp is listed in the Middle East Investors Directory with the code OR30.

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 Dubai investors of GII acquired stake in Canadian firm Nymi for $15 million

gii canada Dubai private equity firm Gulf Islamic Investments (GII) and a consortium have acquired stake in Canadian firm Nymi for $15 million.

Based in Toronto Canada and founded in 2011, Nymi launched its wearable authenticator in 2014 which uses a wearer's cardiac rhythm as biometric identifier. GII is a UAE-based financial services company regulated by the Emirates Securities and Commodities Authority. (GII and its team have a track record of managing $2.5 billion in assets and securing $5.5 billion in debt and in excess of $1.0 billion in equity and M&A financing).

Gulf Islamic Investments (GII) is listed in the Middle East Investors Directory with the code SAS21.

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May 28, 2017 |  Filed under Dubai Investors

 Dubai firm acquired 51% of fashion website Namshi for $151 million

emaar germanyDubai firm Emaar Malls has acquired 51% stake in fashion site Namshi from Frankfurt listed company Rocket Internet for $151 million.

Launched in 2012, Namshi is owned by Germany's Rocket Internet and a consortium of global investors. Serving 750,000 customers across the GCC countries, Namshi had $150 million of net revenue in 2016. The buyer, Emaar Malls is the owner of Dubai Mall, is listed on Dubai bourse and is majority-owned by property developer Emaar Properties.

To see listing and email addresses of investors from Dubai similar to Emaar Malls, check the Middle East Investors Directory.

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May 24, 2017 |  Filed under Dubai Investors

 Middle East Investors Directory 2017 Released - 501 investment firms and 693 contacts listed

DubaiBeat Directory 2017We just released the 2017 edition of DubaiBeat's "Middle East Investors Directory". Now a total of 501 Middle Eastern investment firms and 693 contacts from those firms are listed in our investors directory.

This update is released in line with our regular enhancements to the directory - now in it's eight year of publication. The last major updates have been released on Oct-2012, Aug-2013, Jan-2014, Jan-2015, Jan-2016, May-2016 and May-2017.

As before, since the volume of the directory has increased rapidly, now at 146 pages, we are also including the raw Excel files of all 501 firms and 693 contacts. (At the moment the raw Excel files are free when you order the directory. So order and download now!)





Investors List Sample Excel



Investors List Sample

May 16, 2017 |  Filed under announcements

 Qatar investors of Alduwaliya acquired Birmingham One Eleven Edmund for $29 million

birm.jpgIt is not just London, New York or Paris where Qatari investors of Alduwaliya consider investing in, as they did back in 2015 and 2016. Now they are even investing in places like Birmingham with ticket sizes as low as $30 million.

Qatar investors of Alduwaliya Asset Management has acquired One Eleven Edmund Street in Birmingham in a $29 million deal. This is their first UK purchase outside London. According to research by DubaiBeat, in their past purchases in NYC, London and Paris their purchase price was above $100 million.

To see listing and email addresses of investors from Qatar similar to Alduwaliya Group, check the Middle East Investors Directory.

More details follows from Birmingham Post

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 Gulf Capital acquired majority stake in e-commerce platform Sporter

gulf capital sporterAbu Dhabi private equity firm Gulf Capital has acquired majority stake in sport-based products and supplements marketplace Sporter.com.

Sporter.com's offering comprises some global nutrition brands and it is benefiting from the general surge of online shopping in the Middle East. (The value of the deal is not disclosed, but it is part of $135 million that Gulf Capital is investing in technology and e-commerce platforms).

Gulf Capital is listed in the Middle East Investors Directory with the code OR26.

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 Middle East investors acquired Amazon’s largest UK distribution warehouse for $76 million

amzn-uk-dubai-investorsDubai investment bank Rasmala and Kuwaiti investment firm KAMCO acquired Amazon’s largest UK distribution warehouse for $76 million.

The acquired property is leased to Amazon UK Services with an unexpired term of 15 years. The investment will target an annual cash dividend yield of 6.5% per annum, with an expected internal rate of return of 7% upon exit.

Kamco and Rasmala are listed in the Middle East Investors Directory with the code OR35 and OR48 respectively.

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 Dubai private equity firm invested $50 million in South American home designer

abraaj-shouth-america-chile.jpgDubai private equity firm Abraaj Group acquired a 51% stake in South American home designer Casaideas for $50 million.

Founded in Chile in 1993, Casaideas has since expanded its operations to 33 stores in Chile, 16 stores in Peru and seven additional franchise units in Bolivia. (Abraaj has invested in more than 20 companies in the retail sector across growth markets since 2003, including Capa de Ozono a leading fashion footwear retailer in Mexico and Iasacorp, a leading women accessories retail chain in Peru)

Abraaj Group is listed in the Middle East Investors Directory with the code OR01.

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 Dubai deVere Group acquires private bank in the Caribbean

dubai devereDeVere group, a Dubai-based investment advisory firm, has acquired St Lucia-based private bank, Arton.

"We were able to acquire the St Lucia banking licence of Arton Bank and this, in turn, now enables us to offer a range of international private banking services directly to our global client base who seek an efficient, internationally focused service," Nigel Green, the chief executive of deVere has told the UAE paper The National.

To see a list of investors from Dubai similar to deVere group, check the Middle East Investors Directory.

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 Dubai investment firm acquired California shopping center Poinsettia Plaza

almal californiaAl Mal Capital, a Dubai-based investment firm, has acquired Poinsettia Plaza, a 153,000 square feet shopping center located in Ventura, California.

This is the second investment for Al Mal Capital in the US. The first was in a residential complex in Louisiana comprising 290 apartments, which the company exited in 2015 for an IRR of 16%.

Al Mal Capital is listed in the Middle East Investors Directory with the code BFD21.

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 UAE, Saudi and Qatar investors acquired $105 million stake in US private jet firm

kbbo-us.jpgA consortium of investors including UAE and Saudi investors have acquired a $105 million stake in US private jet firm Jet Smarter.

UAE investment firm KBBO Group, Qatar investment firm Challenger Universal, and Saudi royal family are among the investors in this $105 million funding round. JetSmarter is a mobile marketplace that connects travelers to private jets from their smartphones.

KBBO Group is listed in the Middle East Investors Directory with the code SINOC16.

More details follows from Bloomberg

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 Dubai investors of Delta Partners led investment of $20 million in Knowlarity

delta KnowlarityDelta Partners, a Dubai-based investment firm, has led investment of $20 million in Asia’s cloud telephony company Knowlarity.

Founded in 2009 and based in Singapore with more than 300 employees and 8 offices in India, South East Asia and Middle East, Knowlarity is a provider of cloud based communications solutions to businesses in the emerging markets. Among its customers are Google, Amazon, Uber, Practo, Ola and Zomato. (Delta Partners Capital, based in Dubai, is the investment arm of Delta Partners Group, an emerging markets-focused telecoms, media, and digital advisory and investment firm with over 200 employees operating from Barcelona, Bogota, Dubai, Johannesburg, Singapore and Palo Alto.)

Delta Partners is listed in the Middle East Investors Directory with the code ORP8.

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 Dubai angel investor acquired $1 million stake in Indian firm HealthifyMe

dubai angel investor indiaDubai-based angel investor Neelesh Bhatnagar has invested $1 million in mobile health and fitness start-up HealthifyMe.

Founded in 2012, HealthifyMe is a fitness mobile application that uses technology and human services to target weight-loss. It had earlier raised $6 million from IDG, Inventus and Blume Ventures. (Neelesh Bhatnagar is a Dubai-based angel investor, managing director of NB Ventures, owner of the UAE Royals International Premier Tennis League, a former board member of Landmark Group and former CEO of Emax Electronics).

To see a list of angel investors from Dubai similar to Neelesh Bhatnagar, check the Middle East Investors Directory.

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 Arab investors of AGC to invest $322 million in a luxury Greek resort

agc-dubaiAGC Equity Partners, a London-based private equity firm backed by Middle East investors, has announced investment of $322 million in a luxury resort in Greece.

Greece concluded in October the sale of a 90 percent stake in the Astir Palace hotel complex to the AGC fund Jermyn Street Real Estate Fund which represents investors from Turkey, Abu Dhabi, Kuwait and other Arab emirates. (As DubaiBeat reported back in 2012, Middle East investors of AGC consider investments all over the world, at that time investing $175 million in a Russian power producer.)

AGC is listed in the Middle East Investors Directory with the code SINO21.

More details follows from Reuters:

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 Bahrain investors acquired stake in Spanish firm Agromillora

mideast-investor-spain.jpgBahrain investment firm Investcorp has acquired stake in Agromillora Group, a Spanish agriculture firm.

Founded in 1986 in Barcelona, Agromillora has 11 production facilities in nine countries, and employs over 1,200 employees worldwide. In 2016 the company plans to produce and sell more than 65 million plants worldwide. (The companies have not disclosed the deal details, but DubaiBeat sources are suggesting that Investcorp acquisition values Agromillora at around $275 million).

Investcorp is listed in the Middle East Investors Directory with the code OR30.

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 Dubai investors of Enspire acquired stake in Swedish firm Plantagon

sweden dubaiDubai investment firm Enspire Group acquired stake in Swedish firm Plantagon Agritechture.

Plantagon International is an "agri-techture" firm, combining urban agriculture, technical solutions and architecture, to meet the demand for efficient food production within cities. Enspire is founded by Soud Ba'alawy who has over 20 years of experience in banking and investments and was most recently the Executive Chairman of Dubai Group. (Earlier, Mr. Ba’alawy was Vice President of Citibank’s Gulf Treasury in Dubai, CIO of Dubai Internet City and Vice President of The Executive Office - of H.H. Sheikh Mohamed bin Rashid al-Maktoum, Vice President of the UAE and the Ruler of Dubai).

Enspire Group is listed in the Middle East Investors Directory with the code SNO14.

More details follows:

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 Saudi investors of Tamer Group and consortium invested $160 million in French firm Sigfox

tamer-europe.jpgSaudi investment firm Tamer Group and a consortium of investors have invested $162 million in Sigfox, a provider of connectivity for the Internet of Things.

Established in 2009, Sigfox builds wireless networks to connect low-energy objects such as electricity meters, smartwatches, and washing machines, which need to be continuously on and emitting small amounts of data. It currently has 10 million objects registered on its network and coverage currently spanning 26 countries. (Tamer Group is a healthcare, beauty care, and fast moving consumer goods company headquartered in Jeddah, Saudi Arabia)

Tamer Group is listed in the Middle East Investors Directory with the code SINO92.

More details follows:

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 Dubai investment firm acquired stake in digital music service Anghami

samena anghamiDubai-based investment firm Samena Capital acquired stake in digital music service Anghami.

The completion of this Series B investment marks the third successful fundraising by Anghami, which was seeded by Middle East Venture Partners back in 2012. (In the last three years, Anghami has grown its subscriber base eleven-fold to 30 million users). Established in 2008, Samena Capital has raised $1.1 billion of assets since 2008 and has returned $500 million in capital from 40 exits.

Samena Capital is listed in the Middle East Investors Directory with the code SIJ68.

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We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.


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