BusinessLatest Business and Company Updates
Foreign funds deepen Saudi private market shift
Private foreign investment in Saudi Arabia’s private markets reached SR20 billion in 2025, making overseas capital a dominant force in the Kingdom’s fast-expanding private investment landscape as reforms, larger deal pipelines and stronger exit prospects draw more global fund managers to Riyadh. The Saudi Venture Capital Company said foreign inflows accounted
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Jury finds Musk misled Twitter shareholders
Elon Musk has been found by a jury to have misled Twitter investors during his 2022 takeover bid, concluding that his public statements about the social media platform contributed to financial harm for shareholders as he pursued a lower acquisition
General Catalyst Backs PRYPCO in UAE Property Tech Surge
General Catalyst has led a Pre-Series A funding round in PRYPCO, marking its first investment in a proptech venture in the Middle East. PRYPCO, a UAE-based property technology startup, has so far facilitated over AED 10 billion in mortgages, helped
Mlak Finance Exits Egypt With EGP 400 Million Sale
Mlak Finance has completed the sale of its subsidiary in Egypt to Al Baraka Bank Egypt for EGP 400 million, marking its full exit from the Egyptian market. This strategic divestment aligns with the company's broader objectives of streamlining operations
