The Middle East and North Africa (MENA) region is the most attractive region for emerging companies in the first half of 2019, after acquiring 66% of the financing to these companies, with a total value of AED 1.14 billion.

The UAE also accounted for 26% of the number of transactions in the same period, the company said in a report released yesterday.

Amount of funding

According to the report, financing in the Middle East and North Africa region increased by 66% compared to the first six months of 2018. 130 companies invested in emerging companies in the Middle East and North Africa during the first half of this year, 30% With headquarters outside the Middle East and North Africa.

The first half of 2019 saw the exit of 15 companies, including the acquisition of the company «Ober» global company «Kareem» delivery services, a deal worth $ 3.1 billion (about 11.4 billion dirhams), and is the largest exit in the region at all.

According to the report, the volume of financing received by emerging companies during the first half of this year reached 471 million dollars (1.73 billion dirhams), with 238 transactions, of which 265 million dollars (972.2 million dirhams) during the first quarter and 206 million dollars (756) Million) during the second quarter.

The positive momentum of emerging markets during the second half of 2018 continued in 2019 as investors continued to mobilize more new funds and invest in emerging capital.

Emerging companies

According to the report, there are three emerging companies in the last nine months (from October 2018 to the end of June 2019) about 100 million dollars (367 million dirhams) or more, the company «Karim», which raised 200 million dollars (734 million dirhams) (AED 440.4 million), and Dubai-based property developer EMPG, which raised $ 100 million (AED 367 million). These deals are among the largest in the world, During the first half of 2019.

Financial Technology

130 companies invested in emerging companies in the Middle East and North Africa region in the first half of 2019. Financial technology accounted for 17% of the total number of transactions, an increase of 9% compared to the first quarter of 2010. In 2018, with e-commerce gaining second place, and the transport and transport sector ranked third.