Mubadala Energy, the international energy division of Abu Dhabi’s Mubadala Investment Company, has announced its first major investment in the United States by acquiring a 24.1 percent stake in Kimmeridge’s SoTex HoldCo. This significant equity investment was confirmed through a joint statement released on Thursday and reflects Mubadala’s ambitious expansion strategy into the US market....
Lucid Group, Inc., backed by the Saudi Public Investment Fund (PIF), has successfully closed a significant $1.1 billion offering in convertible senior notes due in 2030. This closing includes the full exercise of an option that allowed initial purchasers to acquire an additional $100 million in notes, as stated in an official announcement. Taoufiq Boussaid,...
Bahrain-based social commerce app Sellou has successfully raised $3 million in seed funding, according to a recent announcement from the company. This investment comes at a valuation of $3 million and aims to enhance the app’s platform and expand its market presence in the Middle East and North Africa (MENA) region. Founded by Salman Al...
Investors from the United Arab Emirates are increasingly looking at India’s dynamic economic landscape for investment opportunities, as highlighted in a recent report by Dubai Chambers during the Dubai-India Business Forum. The report emphasizes that India’s significant economic transformation positions it as a leading global growth center in the coming years. India, which holds the...
Dubai-based fintech startup Fuse has successfully raised US$6.6 million in seed funding, aiming to tackle payment challenges for businesses looking to enter the Middle East and North Africa (MENA) region. The funding round was led by Northzone, with additional contributions from Flourish Ventures, Alter Global, and notable angel investors such as Flutterwave CEO Olugbenga Agboola...
Haldirams, one of India’s largest snack brands, has secured a significant investment from Abu Dhabi’s International Holding Company (IHC). Alongside IHC, Alpha Wave Global has also acquired equity in Haldirams, marking a strategic move that aims to bolster the company’s financial standing and provide the necessary funds for further expansion, particularly in the United States...
Abu Dhabi’s Mubadala Investment Company has recently made a significant investment in the US alternative real estate commercial lender 3650. This funding round also included a repeat investment from the California State Teachers’ Retirement System (CalSTRS), totaling $215 million in new investments. While the exact financial details of Mubadala’s investment have not been disclosed, the...
UAE-based healthtech company Valeo Health has successfully raised $12 million in its Series B funding round, increasing its total funding to $20 million. This announcement was made in a recent press release, highlighting the company’s strong position in AI-driven healthcare solutions. The funding round was led by Flintera, with participation from existing investors including Nuwa...
Cambridge Associates has announced its expansion into Dubai, aligning itself with other financial managers eager to access the city’s substantial private wealth. The firm, which specializes in assisting institutional investors such as endowments, foundations, and family offices in managing their investments across various asset classes, received a regulatory license from the Dubai Financial Services Authority...
Saudi Arabia has introduced a new incentive package aimed at attracting foreign direct investments (FDI) into its mining sector, which is part of the Kingdom’s ongoing efforts to diversify its economy. This initiative reflects the nation’s commitment to enhance its investment environment and foster growth within the mineral exploration industry. The Ministry of Investment is...