{
Mohamed Abouelnaga

People

}
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Foras acquires stake in Beban to enhance startup funding in MENA

Foras, an Abu Dhabi-based investment firm, has acquired a 36% stake in Beban Crowdfunding to enhance startup funding access in the MENA region, focusing on Sharia-compliant Murabaha debt and equity crowdfunding. This partnership aims to bridge funding gaps for SMEs and expand Beban's offerings, leveraging innovative solutions and media channels to support entrepreneurs and engage investors.
WAYA
United States Dollar BHR ARE Mohamed Abouelnaga Mohamed Nagaty
Business & Industry, Press Release
09:44 16.03.2025

Foras acquires stake in Beban to enhance startup funding in MENA

Foras, an Abu Dhabi-based investment firm, has acquired a 36% stake in Beban Crowdfunding to enhance startup funding access in the MENA region, focusing on Sharia-compliant Murabaha debt and equity crowdfunding. This partnership aims to bridge funding gaps for SMEs and expand Beban's offerings, leveraging innovative solutions and media channels to support entrepreneurs and engage investors.
WAYA
United States Dollar ARE BHR Mohamed Nagaty Mohamed Abouelnaga
Business & Industry, Press Release
09:44 16.03.2025

foras invests in beban crowdfunding to enhance mena startup ecosystem

Foras, an Abu Dhabi-based investment firm, has acquired a 36% stake in Beban, a licensed crowdfunding platform in Bahrain, to enhance access to capital for MENA startups. This partnership aims to bridge the funding gap for SMEs and leverage innovative Sharia-compliant crowdfunding solutions, with Beban having already secured over $250,000 from over 5,000 investors. The collaboration is expected to drive growth and innovation in the region's entrepreneurial ecosystem.
gccstartup.news
Bahraini Dinar ARE BHR Mohamed Abouelnaga
Business & Industry, Press Release
12:53 09.03.2025
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