“Wealth is not money. Wealth lies in men. This is where true power lies, the power that we value.”

IN PROGRESS
Client Profile: Major Saudi Arabian Power Provider
Location: Saudi Arabia / Azerbaijan
Industry: Transport, Artificial Intelligence, Automation
In a landmark development for renewable energy in the Nakhchivan Autonomous Republic of Azerbaijan, November 2023 saw the coming together of Saudi Arabia’s ACWA Power, the UAE’s MASDAR, and the State Oil Company of the Republic of Azerbaijan (SOCAR) in a pivotal agreement. This collaboration was formalised through the signing of a Memorandum of understanding (MoU), marking the establishment of a limited liability company dedicated to this venture. The project, aimed at developing 500 megawatts of renewable energy, is set to play a crucial role in Azerbaijan’s environmental strategy, specifically its ambitious goal to reduce greenhouse gas emissions by 35% by the year 2030. This initiative not only represents a significant step towards sustainable development in Azerbaijan but also showcases the potential for international cooperation in advancing global renewable energy objectives.

COMPLETED
Client Profile: Saudi Egyptian Investment Co (SEIC)
Location: Egypt
Industry: Diverse (Chemicals, Fertilisers, Container Handling, Digital Investments)
In a landmark move during summer 2023, the Saudi Egyptian Investment Co (SEIC) sought a strategic acquisition, totalling 1.3 billion USD, in four key Egyptian entities. This initiative covered a diverse portfolio, including Abu Qir Fertilizers and Chemical Industries, Misr Fertilizers Production Company, Alexandria Container and Cargo Handling, and E-Finance for Financial and Digital Investments. These investments were pivotal in reinforcing the economic synergy between Saudi Arabia and Egypt. Through this venture, SEIC not only diversified its investment footprint but also contributed to the economic resilience and growth of the Egyptian market sectors involved.

COMPLETED
Client Profile: Arzan Ventures
Location: Egypt
Industry: Financial Technology (Fintech)
Towards the end of 2023, Kuwait’s Arzan Ventures finalised its significant investment in Nearpay, an emerging Egyptian fintech company. This engagement, part of Nearpay’s Series A funding round, underscored the potential of digital finance in transforming the region’s economic landscape. The investment aimed to propel Nearpay’s innovative solutions in the fintech space. This venture not only highlighted the growing importance of fintech in the Middle East but also Arzan Ventures’ commitment to nurturing technological advancements that promise to redefine financial services.