Gulf Islamic Investments (GII), a UAE-based alternative investment firm, has raised $100 million in new growth capital. This funding aims to expand private equity (PE) opportunities in Saudi Arabia and the wider GCC region. Contributors include the Al Nahdi family...
Egypt-based Paymob has recently raised a $22 million Series B extension round. Consequently, this increase brings the company’s total Series B funding to an impressive $72 million. With this new capital, Paymob is set to significantly boost its growth and expand...
Waad Investment, a pioneering venture capital firm, has launched with a focus on empowering growth-stage startups in Saudi Arabia. The firm aims to bridge the financial gap faced by many startups and provide comprehensive support, including investment, mentorship, and...
Resal, a pioneering Saudi Arabian e-gifting platform, has successfully secured a $9 million Series A funding round. Importantly, Merak Capital led this round, along with participation from strategic investors. As a result, this investment will propel Resal's mission...
The GCC region's Debt Capital Market (DCM) grew by 7% year-on-year, reaching $940 billion in outstanding debt by the end of Q1 2024. Saudi Arabia and the UAE are major contributors, holding 43% and 30% of the total DCM, respectively. Significant Growth and Sukuk...
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