Egypt Investors - VC, Private Equity and Real Estate

Egyptian investors of Link Online, a subsidiary of OT Ventures, announced the acquisition of Arabia.com, an Arabic web portal.

They have chosen Dubai to be the hub of launching the new look of Arabia.com. OT Ventures' subsidiary Link Online, launched in 2004, has been the force behind some portals including Masrawy.com, Yallakora.com, and Otlob.com and most recently the launch of Jawhara.me, which took place in Dubai.

To see more investors from the Middle East like Egypt's OT Ventures, check our Middle East Investors Directory

More details follows from their release

Weather II Investments, owned by Egyptian billionaire Naguib Sawiris, confirmed acquiring a stake in Canada's gold miner La Mancha Resources for $493 million USD.

The offer represents a premium of approximately 55.6% to the closing price of the Company's common shares on the TSX. Weather II is one of the many businesses managed by Sawiris. The wider Sawiris Family of Egypt have substantial indirect interests in existing operations in the telecoms, construction and fertilizers, cement, real estate and hotel development industries.

To see a list of investors from the Middle East similar to Waeather II check our Middle East Investors Directory

More details follows

The Egyptian venture capital firm Ideavelopers just announced leading a Series A investment round in group buying site Offerna.com

Ideavelopers is a venture capital firm and a subsidiary of EFG-Hermes, the Egyptian private equity firm. The firm manages a $50 million fund focused on early stage technology companies. According to their website, they have invested over $25 million in 17 companies operating inside and outside Egypt. The terms of this deal is not announced. Abdullah Assal is the founder and CEO.

To see a list of venture capital firms from the Middle East check our Middle East Investors Directory

More details follows

Venture capital firm Sawari Ventures announced its launch, as well as initial investments for its first fund in two companies: Alzwad Mobile Services and Vimov.

The fund is sponsored by Naguib Sawiris, chairman of Orascom Telecom. Ahmed El Alfi is its Founder & Chairman, Hany Al Sonbaty its Co-Founder and Managing Partner, while Leslie A. Jump is another Partner from Washington.

Sawari Ventures is listed in the Middle East Investors Directory with the code SIN43.

More details from their release follows

Continue reading "Egyptian VC Sawari Ventures invests in two companies" »

EFG Hermes, a leading investment bank in the Arab world, will enter the Syrian market with the opening of its office and the simultaneous launch of a new private equity fund.

EFG Hermes Syria is a partnership between EFG Hermes (70%) and Syrian businessman Firas Tlass (30%). EFG Hermes Syria will offer full range of world-class investment banking, private equity, brokerage and asset management services and it will target multiple sectors within the Syrian economy, providing growth capital for established businesses as well as greenfield investments.

Gulf Finance House, another Islamic finance firm, is also launching one of the largest Islamic banks in Syria under the name of Syria Finance House (SFH). They are launching the bank as the leading and one of the largest Islamic banks in Syria, with a capital of $333 million.

EFH Hermes is listed in the Middle East Investors Directory with the code OR20.

Their full press release follows

Continue reading "EFG Hermes launched $300 million Syrian private equity fund" »