Kuwait online payment solutions provider UPayments raises undisclosed seed funding from investors Hamad Ali AlBahar and Saud Al Aujan Kuwait based online payment solutions provider UPayments announced that it has raised seed funding for an undisclosed sum from investors Hamad Ali AlBahar and Saud Al Aujan.
Kuwait Sovereign Wealth Fund leads round in Knotel Enterprise workspace provider Knotel has banked $400 million at an estimated $1 billion valuation in a round led by Wafra, the investment arm of the Sovereign Wealth Fund of Kuwait. Tokyo-based Mori Trust, Itochu and Mercuria joined Norwest Venture Partners, Newmark Knight Frank, Bloomberg Beta and Rocket Internet in contributing to the round.
Mezzan Holding acquires majority stake in KSPICO, Kuwait's only pharma manufacturer Kuwait: Mezzan Holding one of the largest manufacturers and distributors of food, beverage, FMCG and healthcare products in the Gulf, today announced that the successful acquisition of a 67% stake in Kuwait Saudi Pharmaceutical Industries Company KSCC (“KSPICO” or the “Target”), Kuwait’s only manufacturer of pharmaceutical products.
Saudi’s Badir joins forces with Kuwait’s Cubical Services to boost startup collaboration between the two countries King Abdulaziz City for Science and Technology (KACST), represented by Badir Program for Technology Incubators and Accelerators, and Cubical Services, a Kuwait-based business incubator, signed a Memorandum of Understanding (MoU) to boost startup collaboration between the Kingdom of Saudi Arabia and Kuwait.
Kuwaiti beauty ecommerce startup Boutiqaat doubles valuation to $500 million Boutiqaat, the leading Kuwaiti beauty ecommerce startup has doubled its valuation to $500 million in eighteen months after raising an undisclosed amount of investment from a Gulf-based investment firm, different local media outlets reported yesterday