EXITS MENA, a fintech platform specializing in facilitating mergers, acquisitions, and investment opportunities for startups and small to medium-sized enterprises (SMEs) in the Middle East and North Africa (MENA) region, has proudly announced the creation of a new strategic joint venture in Saudi Arabia.
The platform was established in 2022 by the entrepreneurial trio of Mohamed Aboulnaga, Ahella El Saban, and Ayman El Tanbouly. EXITS MENA’s mission is to streamline the process of M&As and investments by providing a comprehensive online platform coupled with expert financial advisory services.
Having successfully secured US$1.25 million in pre-seed funding the previous year, EXITS MENA is now extending its reach into the Saudi market through a joint venture. This venture has garnered the support of a consortium of respected Saudi investors, with Ammar Ahmed Shata, the visionary behind Gotrah Ventures, at the helm as the non-executive chairman.
This strategic expansion is a testament to EXITS MENA’s dedication to filling the voids within the entrepreneurial landscape of the MENA region. By establishing a physical presence in Saudi Arabia, EXITS MENA is poised to tap into the Kingdom’s vibrant market, propelling growth and spurring innovation among the region’s startups and SMEs.
The founders, Mohamed Abuelnaga Nagaty, Ahella El Saban, and Ayman El Tanbouly, expressed their enthusiasm about the venture, stating, “Our foray into the Saudi market is a pivotal step in our mission to become the preeminent force for investment and development within the MENA region’s entrepreneurial sphere. With Mr. Ammar’s vast industry experience and the formation of this joint venture, we are well-positioned to mend the entrepreneurial ecosystem’s fractures and catalyze significant growth and investment within the Kingdom.”
They further emphasized the venture’s role in bolstering startups and SMEs, enabling them to surmount market challenges and realize their business ambitions. Recognizing the essential role of secondary share sales in providing liquidity for founders and early backers, EXITS MENA is committed to facilitating these transactions, guiding startups and SMEs towards prosperous exits, and ensuring sustained growth and gratifying results for all parties involved.
