Zain Group has sealed a deal to buy a 70% stake in IHS Kuwait Limited, raising its share to 100%. This acquisition, valued at $134 million, enhances Zain’s tower management across Kuwait and supports its regional digital infrastructure expansion.
Geidea is expanding its SoftPos service to Egypt after a successful launch in Saudi Arabia and the UAE. This solution enables merchants to accept secure, contactless payments via smartphones, eliminating the need for traditional POS devices. The launch marks a key step in Geidea’s strategy to transform the region’s digital payment landscape.
Kuwait-based fintech startup Krti has closed a $1.5 million pre-seed investment round with Core Vision Investment. The funding supports the upcoming launch of Krti’s innovative loyalty program, aimed at maximizing the benefits of users’ bank cards in Kuwait and Saudi Arabia.
Abu Dhabi-based ERP provider Hulexo has secured seed investment from Arzan VC to expand its presence in the Middle East, aiming to reach 300 retail locations by 2025. The investment will also support Hulexo’s entry into Kuwait and Saudi Arabia, enabling partnerships and continued innovation for retail SMEs in the region.
