Agthia increased its ownership of Abu Auf from 70% to 80% after acquiring an additional 10% stake. 
Abu Auf’s revenue surged 33% in 2024, with EBITDA rising by 70% and over 100 new stores opened. 
Agthia’s exports from Egypt grew by 50% in the first half of 2024, increasing Egypt’s contribution to the group’s revenue from 15-16% to 20%. 
The acquisition reflects Agthia’s confidence in Abu Auf’s growth potential and innovation. 
UAE companies have been ramping up investments in Egypt’s food and beverage sector, with several high-profile acquisitions.

The agreement was signed during the LEAP 2025 tech event in Riyadh. 
The partnership focuses on developing energy-efficient, AI-ready data centers. 
Saudi Arabia’s growing digital infrastructure aligns with Vision 2030 goals. 
Amanah brings expertise in construction, while MIS specializes in IT solutions. 
The collaboration aims to support businesses and government entities with scalable digital solutions.

Tawarruf and Thanawe join forces to streamline startup investment and exit processes. 
The partnership focuses on integrating digital solutions to enhance business transactions. 
Aims to bridge the gap between investors and startups through innovative tools. 
The agreement aligns with Saudi Arabia’s Vision 2030 to boost entrepreneurship. 
Key industry leaders, including NTDP Director Ibrahim Niaz, attended the signing.

Mubadala acquires a minority stake in Apleona, a leading European facility management company.
Investment aligns with Apleona’s growth ambitions and expansion in sustainable building solutions.
The company plans to enhance digital transformation and AI-driven facility management.
Apleona has acquired and integrated 14 strategic firms, including the transformational acquisition of Gegenbauer Group in 2023.
The deal is subject to regulatory approvals before final closure.

LEAP 2025 attracted over 200,000 visitors and 1,800 companies.
The event saw investments exceeding $14,9 billion in AI and digital infrastructure.
A $1,5 billion AI-cloud computing partnership was announced between Groq and Aramco Digital.
Saudi Arabia strengthens its position as a global tech and innovation hub.
Next year&#8217;s LEAP will expand internationally with editions in Riyadh and Hong Kong.

The $30 million fund will primarily target early-stage startups in the Arab region.
A portion of the fund is dedicated to investments in AI companies in the US.
The firm has invested in 20 startups across MENA and the US since 2020.
Palm Ventures, founded in 2014, aims to be a leading investor in the region.
Over 40 startups have received support, including partnerships with government entities.

Collaborative Investment: QIA joined forces with Bpifrance under the Future French Champions initiative. 
Innovative ‘Cat Qubit’ Tech: Alice &#038; Bob’s approach drastically cuts the hardware needed for fault-tolerant quantum computing. 
Global Strategy: QIA’s involvement highlights its broader goal of diversifying investments and championing game-changing technologies. 
Significant Infrastructure Push: About half of the funds will go toward building a new lab and production facility in Paris. 
Growing Ecosystem: This funding round cements the Gulf region’s commitment to fueling the next wave of quantum breakthroughs.

Egypt’s Simplex is investing $13 million to build a new CNC (Computer Numerical Control) factory. 
The facility will be set on 20,000 square meters in Riyadh. 
The project stems from a Memorandum of Understanding with Saudi Arabia’s National Industrial Development Center. 
Operations are expected to begin in the first quarter of 2026. 
The plan supports Vision 2030, aiming to boost economic diversification and create jobs in advanced manufacturing.

AVP led the Series A round, joined by Glasswing Ventures, Deloitte Ventures, and others. 
Basetwo’s Physics AI platform blends engineering principles with AI for process optimization. 
Plans to expand into the United States, Japan, Europe, and the Middle East. 
Funding supports the advancement of real-time, autonomous production control. 
Company envisions reducing manufacturing costs and accelerating product launches.

Founders’ Vision: Established in Palestine in 2021 by brothers Fawaz and Saber Samara, Nabeeh began as a simple idea to reduce frustration around home repairs. 
Rapid Growth: The platform reports a 300% increase in user activity year over year, thanks to word-of-mouth and solid customer satisfaction. 
On-Demand Service: Users can book cleaning, maintenance, and renovation services through the Nabeeh app, which also offers real-time updates and transparent pricing. 
Investment Goals: With Ibtikar Fund’s support, Nabeeh plans to double its user base, add predictive maintenance features, and form more partnerships with B2B clients. 
Market Impact: Both Ibtikar Fund and Nabeeh believe this move will help transform how properties and businesses manage day-to-day upkeep in Saudi Arabia’s booming real estate sector.

Unveiling of 500 MENA Fund: Aimed at supercharging tech startups across the MENA region. 
 Veteran Leadership: Amjad Ahmad takes the helm as managing partner, bringing over 20 years of rich experience. 
 Strong Saudi Backing: Fund supported by leading Saudi institutional investors. 
 Strategic Investments: Plan to inject $10 million into startups specializing in SaaS, AI, and fintech. 
 Deep-rooted Commitment: 500 Global has been nurturing MENA startups since 2012, with over 270 companies in its portfolio.

Edafa Venture Capital is venturing into Egypt, Bahrain, and Qatar, marking a significant regional expansion. 
 The firm has invested heavily in Taskedin, a dynamic platform revolutionizing business management. 
 Beyond financing, Edafa offers startups technical expertise, logistical aid, and savvy marketing support. 
 Committed to driving innovation, the company aims to empower entrepreneurs across the Arab region.

The partnership unlocks access for startups to Brinc&#8217;s prestigious acceleration programs, known for propelling startups into global markets. 
 Entrepreneurs will tap into a vibrant network of mentors, seasoned industry experts, and like-minded innovators. 
 The collaboration is a strategic push to invigorate the local startup ecosystem, offering founders the essential tools, funding avenues, and connections they need to thrive. 
 Both StartUp Bahrain and Brinc are passionately committed to nurturing innovation and spotlighting Bahraini startups on the international stage.

Strategic Partnership to Boost Startups: Mintiply Capital and Fuel Venture Capital are collaborating to support early-stage startups throughout the GCC, focusing particularly on the UAE. 
 Creation of a Special Investment Vehicle: They plan to establish a Special Purpose Vehicle (SPV) to identify and invest in high-potential startups, providing them with the needed capital and mentorship. 
 Bringing Decades of Experience: Fuel Venture Capital brings over 80 years of combined venture funding experience and a diverse portfolio that spans 32 countries, enhancing the global reach of this initiative. 
 Aligning with the UAE’s Vision: Mintiply Capital will offer strategic guidance and support to local startups, aligning their efforts with the UAE’s goals for innovation-driven economic growth and diversification.

Led by Wa’ed Ventures, the investment arm of Saudi Aramco. 
Contributions from Japan’s Sumitomo Corporation and Dubai-based Global Ventures. 
Offers monthly subscriptions covering smartphones, laptops, and other gadgets. 
Launch targeted for Q1 2025.

Diverse Focus Areas: The fund zeroes in on early-stage projects in DeFi, blockchain infrastructure, real-world asset tokenization, gaming, and the metaverse. 
 Strategic Investments: Over the next three years, Sigma Capital plans to back 100 early-stage projects, manage 25 liquid tokens, and invest in 10 fund-of-funds. 
 Experienced Leadership: At the helm is CEO and Managing Partner Vineet Budki, a visionary in the Web3 arena with over 300 successful investments under his belt. 
 Global Collaboration: By teaming up with Web3 hubs across 10 major cities, Sigma Capital aims to provide startups with invaluable market insights and robust support. 
 Regional Impact: This initiative highlights the UAE&#8217;s rising status as a global hotspot for blockchain innovation and investment.

The program welcomes startups at both pre and post-Minimum Viable Product (MVP) stages. 
 Participants will receive support in legal affairs, technology enhancement, market testing, financial planning, and go-to-market strategies. 
 This initiative aims to solidify Jordan&#8217;s status as a regional fintech powerhouse. 
 JOIN Fincubator, a branch of JoPACC, will lead the program. 
 The ISSF is funding the initiative to drive economic growth and generate new job opportunities.

Focus Areas: Childcare, elder care, healthcare, and disability support. 
 Investment Timeline: $27,7 million invested over two years. 
 Training Programs: Partnerships with international institutions to provide specialized caregiver training. 
 Employment Goals: Position Egypt as a leading exporter of skilled care professionals. 
 National Alignment: Supports Egypt&#8217;s Vision 2030 for sustainable development and improved quality of life.

Investors: Oman Investment Authority, Qatar Investment Authority, and Saudi Arabia&#8217;s Kingdom Holding are the key players backing xAI. 
Funding Amount: A hefty $6 billion has been secured in xAI&#8217;s Series C funding round. 
Purpose: The investment will bolster xAI&#8217;s computational infrastructure and fuel the creation of sophisticated AI models. 
Valuation: The funding catapults xAI&#8217;s valuation to an impressive $50 billion. 
Strategic Importance: This move aligns with the Gulf countries&#8217; ambitions to diversify their economies and invest heavily in advanced technologies.

Investment Purpose: Drive growth for tech and tech-enabled startups in Saudi Arabia and the MENA region. 
Sectors of Focus: Fintech, enterprise software, and B2B SaaS. 
Funding Stages: Primarily targeting Seed and Series A rounds. 
Alignment with Saudi Vision 2030: Aims to diversify the economy and foster innovation. 
Past Collaborations: Builds on the success of the previous Raed II fund.

Fund exceeds $150 million in size. 
Targets early-stage investments in tech and tech-enabled sectors. 
Focus on Supply Chain Tech, Agritech, Enterprise SaaS, AI, and Deep-tech. 
Part of SVC’s mission to support Saudi-based startups at early stages. 
Builds on a longstanding partnership between SVC and Global Ventures.