Exits Mena, a premier fintech platform for startups and SMEs in the MENA region, has announced the establishment of a new strategic joint venture in Saudi Arabia. This venture, backed by a consortium of renowned Saudi investors led by Ammar Ahmed Shata, Founder of Gotrah Ventures, represents a significant milestone in Exits Mena’s expansion strategy.
Strategic Move to Address Market Gaps
This new joint venture aims to address gaps in the entrepreneurial ecosystem across the region. By establishing a presence in Saudi Arabia, Exits Mena plans to leverage the kingdom’s dynamic market environment to foster growth and drive innovation among startups and SMEs.
Key Services and Innovative Solutions
Exits Mena offers key services, including capital arrangement, investment readiness, and strategic consultancy, to prepare businesses for significant growth opportunities. Innovative tech automation solutions complement these services, ensuring a streamlined and efficient deal-making process.
Over the past year and a half, Exits Mena has successfully closed nine deals and has a pipeline of over 40 mandates worth almost $180 million.
Leadership and Vision
Ammar Ahmed Shata, who will serve as the Non-executive Chairman of the new joint venture, expressed his enthusiasm: “I am thrilled to be a part of Exits Mena and bring its expertise to the vibrant market of Saudi Arabia. This joint venture is not just an investment but a commitment to fostering innovation and supporting the growth of startups and SMEs in the region.”
The founders of Exits Mena, Mohamed Abuelnaga Nagaty, Ahella El Saban, and Ayman El Tanbouly, emphasized the importance of this expansion: “Our expansion into Saudi Arabia marks a significant milestone in our journey to be the leading catalyst for investment and growth in the MENA region’s entrepreneurial ecosystem.”
Supporting Sustainable Growth
The founders added, “This expansion will enable us to provide unmatched support to startups and SMEs, empowering them to navigate the complexities of the market and achieve their business objectives. By facilitating secondary share sales, we help startups and SMEs progress towards successful exits, ensuring sustainable growth and rewarding outcomes for all stakeholders involved.”
This strategic joint venture reinforces Exits Mena’s commitment to driving substantial growth and investment in Saudi Arabia and the broader MENA region.
For more information on Exits Mena’s new joint venture and its services, visit their official website.
