A Dubai-based Conglomerate Acquiring a Dubai-based Tech Company

Dubai conglomerate Al-Futtaim Group has acquired the Dubai-based Futech Software Solutions, an integrated IT focused business service provider.

Since none of them is public, nothing for further investment and take away here. But don’t forget to keep an eye on the usually ignored IT companies based in the Middle East for investment opportunities – and of course on the mighty Al-Futtaim for exit opportunities.

Al-Futtaim began operations in the 1930s. Their address is "P.O.Box 152 Dubai".