Aljazira Capital (‘AJC’) has led Floward’s USD 156 million Series C Pre-IPO investment round with the support of Allen & Overy. The investment round was led by AJC, STV, L.P. and Rainwater Partners. The transaction was announced during the LEAP technology conference in Riyadh, KSA, where Floward shared its ambitions to expand its gifting verticals […]
Saudi-based Retail enablement company Zid has raised USD50 million in Series B funding round (~188 million SAR). The round was led by IMPACT46 with participation from investors including Aramco venture capital arm (Waed Ventures) and Endeavour Catalyst, Global Ventures, Elm Company, Arzan and MSA. The proceeds will be used by Zid to expand into new […]
Africa-focused investment firm Development Partners International (“DPI”) sold its 34% minority stake in consumer electronics and household appliances retailer B.TECH to Saudi Egyptian Investment Company (“SEIC”), The Saudi Public Investment Fund (“PIF”)’s Egyptian investment arm. The advisors For DPI: White & Case acted as its international counsel alongside Matouk Bassiouny & Hennawy (“MBH”) and Zulficar and Partners as […]
