EXITS MENA, a fintech platform dedicated to facilitating mergers and acquisitions (M&As) and investments for startups and small and medium-sized enterprises (SMEs) in the MENA region, has announced the formation of a strategic joint venture in Saudi Arabia. This pivotal move marks a significant milestone for the company, underscoring its commitment to bridging the gaps in the entrepreneurial ecosystem across the region.
Founded in 2022 by Mohamed Aboulnaga, Ahella El Saban, and Ayman El Tanbouly, EXITS MENA has rapidly established itself as a crucial player in the fintech landscape. The platform offers a seamless, fully integrated online solution alongside a comprehensive financial advisory service, aiming to simplify and enhance the M&A process for companies within the MENA region.
The expansion into Saudi Arabia is backed by a partnership with a prominent group of Saudi investors led by Ammar Ahmed Shata, the founder of Gotrah Ventures. Shata will also serve as the non-executive chairman of the new joint venture. This collaboration not only brings substantial financial backing but also invaluable regional expertise, positioning EXITS MENA to effectively navigate and capitalize on the Kingdom’s dynamic market environment.
Mohamed Aboulnaga, co-founder and CEO of EXITS MENA, expressed his enthusiasm about the venture, stating, “Our expansion into Saudi Arabia is a testament to our unwavering commitment to supporting the growth and innovation of startups and SMEs across the MENA region. By establishing a presence on the ground in Saudi Arabia, we are poised to leverage the Kingdom’s robust market potential, driving forward our mission to facilitate seamless M&A transactions and investments.”
EXITS MENA closed a US$1.25 million pre-seed funding round a year ago, a testament to the confidence investors have in its vision and capabilities. The platform’s user-centric approach and comprehensive service offerings have been key drivers of its success, providing a streamlined solution for companies looking to navigate the complexities of M&As and investment opportunities.
The strategic joint venture in Saudi Arabia is expected to catalyze further growth for EXITS MENA, enabling it to foster a more interconnected and supportive entrepreneurial ecosystem. The company’s expansion is also aligned with Saudi Arabia’s Vision 2030, which emphasizes innovation, economic diversification, and the empowerment of SMEs.
Ammar Ahmed Shata commented on the partnership, saying, “We are thrilled to join forces with EXITS MENA and contribute to their mission of enhancing the MENA region’s entrepreneurial landscape. Our collaboration is set to drive significant value, fostering an environment where startups and SMEs can thrive and scale.”
As EXITS MENA continues to expand its footprint across the MENA region, the company remains dedicated to its core mission of providing accessible and effective financial solutions for startups and SMEs. The strategic partnership in Saudi Arabia represents a bold step forward in this journey, promising to unlock new opportunities and drive sustained growth for the entrepreneurial community.
About EXITS MENA
Founded in 2022, EXITS MENA is a fintech platform designed to facilitate mergers and acquisitions (M&As) and investments for startups and small and medium-sized enterprises (SMEs) in the MENA region. The platform offers a seamless, fully integrated online solution and a comprehensive financial advisory service, simplifying the M&A process and enabling companies to navigate investment opportunities effectively.
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