FINANCIAL NEWS

Zain Group, Dubai’s MEVP to sign investment deal

20 Apr 2015

(MENAFN) Zain, the mobile communications company, is set to sign an agreement with Middle East Venture Partners (MEVP) regarding its latest finance, Zain Group said, Kuwait News Agency reported.

Through the partnership, Zain looks at inaugurating new markets and businesses, and MEVF II fund will be injected into early stage technology companies in the MENA region.

Three areas are going to constitute Zain’s interest and activities through the fund: Web and mobile digital plays, e-marketplaces, and B2B companies.

“By investing in MEVP’s latest fund, Zain is increasing its exposure to the digital economy and becoming an active participant in this new digital age,” Zain’s CEO said.

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