Three Middle East investors are among 18 investors that are helping Elon Musk securing a total of $7.14 billion to fund his $44 billion takeover of Twitter - according to a SEC filing just released.
Dubai Vy Capital is investing $700 million, Qatar Holding is investing $375 million. Saudi investor Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud (Kingdom Holding Company) is committing 34,948,975 of his Twitter Inc shares in the new company (valued at $54.20 per share).
Kingdom Holding Company is listed in the Middle East Investors Directory with the code BFD84. Vy Capital with code JL48, Qatar Holding with code LIP09
Uptime is an app that distills knowledge from leading books, courses and documentaries in 5-minute tappable stories. Among other investors in uptime you can find Chad Hurley, co-founder of YouTube and Chris Messina, hashtag inventor and open source advocate. HB Investments has made investments in startups like Clubhouse and Fresha with Huda Kattan as its Chairwoman.
HB Investments is listed in the Middle East Investors Directory with the code CM8
Based in San Francisco, Upgrade has delivered over $3 billion in consumer credit through cards and loans since launch in 2017. Other investors in this round include Union Square Ventures, Ribbit, Silicon Valley Bank and Ventura Capital. Vy Capital is a Dubai investment firm based in DIFC and invests mainly in the internet and software sector. (more details about this deal is here)
To see a list and email addresses of investment firms similar to Vy Capital check the Middle East Investors Directory.
A 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
Dubai conglomerate Al Habtoor Group has acquired UK Hilton Hotel Wembley.
The purchase brings the total number of hotels in Al Habtoor Investment's international property portfolio to six. In December 2015 Al Habtoor said he had allocated around $600 million for overseas investments in 2016. (As DubaiBeat.com reported earlier, the groups was looking to buy hotels across Europe).
(To see more Dubai-based investors like Habtoor Group, check our investors directory)
More details follows
Established in 2011 and with 75 employees, theAudience is a publisher of social and digital content. It syndicates more than 5,000 pieces of branded content each month to more than 1 billion consumers through its network of more than 6,000 celebrities and influencers. With around 9,000 employees, Al Ahli Holding Group is headquartered in the UAE, with representative offices across 20 countries globally. The deal amount in not disclosed. (According to The New York Times, Mohammed Khammas, CEO of Al Ahli Holding called CEO of theAudience out of the blue about nine weeks ago and the deal was concluded in about half that time.)
To see listing and email addresses of Dubai investors similar to Al Ahli Holding, check our Middle East Investors Directory.
More details follows:
Middle East family offices Al Kadi and Al Zamil, UAE investment firm Dhabi Holding and Dubai investment firm Delta Partners, as part of a consortium invested $11 million in the online logistics firm The Fetchr.
This series A funding is led by US venture capital firm New Enterprise Associates. The Fetchr's app is tailored for package delivery in places and countries where there are unreliable physical addresses. Fetchr delivers 97 percent of packages same day or overnight, and a return process that picks up within 30 minutes.
Al Zamil Family Office is listed in the Middle East Investors Directory with the code BFD34.
More details follows
A group of family offices from the Middle East who are investors in private equity firm Investra Investments have acquired Riverside Business Park in Stoke UK for $19 million.
With offices in Dubai and London, Investra is a private equity investor with over $1.58 billion in cumulative transactions, investing in the UK and US. Last year was the first year of trading for Investra Capital in Dubai and so far it has advised in excess of $110 million.
Investra Investments is listed in the Middle East Investors Directory with the code SFE12.
More details follows: