Saudi family office of Bugshan acquired stake in a blockchain startup for $820,000

Saudi angel Investor Ahmed Abdullah Bugshan, a board member of the Arabian Bugshan Group has invested $820,000 in blockchain startup ArabianChain

ArabianChain, a public blockchain in the Middle east, is founded by Mohammed Alsehli and Walid Messaoudi. It will have two distinct features: DBIX, a cryptocurrency in the region to enable payments and money transfer, and Thuraya, a soon-to-be launched smart contracts programming language in Arabic. (The investor, Ahmed Abdullah Bugshan, is a board member at the Arabian Bugshan Group with interests in construction, electrical, automobiles, cosmetics, real estate and more. He is also the CEO of the House of Invention International.)

To see a list of angel investors from Saudi Arabia similar to Eng. Ahmed Abdullah Bugshan, check the Middle East Investors Directory.