Alsaree3 Group Receives Additional Bridge Round Funding Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services), closed a 7-figure bridge round in late December 2021, bringing its total amount of funding raised in 2021 to over $4 million USD. Founder and CEO of Alsaree3 Group, Bassam Al-Ateia, commented: "Despite the entrance […]
Tag Archives | fundraising
Tags: Al Zajel, Alsaree3, Euphrates Iraq Fund, featured, fundraising, Innovest, Iraq Tech Ventures, Khudairi, mn, Zain Cash
Miswag "Raises $1.6 Million" in Funding Round
By John Lee. Miswag, the Iraq-based B2C online marketplace, is reported to have successfully raised $1.6 million in a "Pre-Series A" funding round. According to The Start-up Scene, this brings its total investment raised to nearly $3 million since 2019. It adds that Miswag will use the funding to expand its commercial and technological teams […]
KESK Secures Six-Figure Seed Funding
By John Lee. KESK, which describes itself as a "green solutions company", has announced that it has secured six-figure seed funding from Euphrates Venture Capital Fund. Founder and CEO, Basima Abdulrahman (pictured), said: "My vision is to make smart green solutions trustable, accessible, and affordable. We simply want to make the green way, the easy […]
DNO Completes $400m Bond Placement
DNO ASA, the Norwegian oil and gas operator, has completed the private placement of USD 400 million of new five-year senior unsecured bonds with a coupon rate of 7.875 percent. The placement met strong investor demand across international markets and was significantly oversubscribed, leading the Company to upsize the new bond issue from USD 300 […]
Alsaree3 Closes Second Round of Investment
Alsaree3, Iraq's Popular Food Delivery App, and Al Zajel, E-logistics Company, Close Second Round of Investment Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services), closed a 7-figure bridge round in late March 2021. Coordinated by Iraq Tech Ventures and Innovest ME, the round included prominent Iraqi investors such as Euphrates […]
Tags: Al Zajel, Alsaree3, Entrepreneurship, Euphrates Advisors LLC, featured, fundraising, Hiwa Rauf Company, Innovest, Iraq Tech Ventures, Khudairi, mn, Rabee Securities, start-ups
Iraqi e-Commerce Store gets New Funding
Orisdi, a leading e-commerce store in Iraq, has successfully raised a six-figure bridge round. Iraqi Innovators reports that the round was led by Innovest Middle East VC and a group of angel investors including Amar Shubar, Partner at Management Partners Consulting, and Omar Al-Handal, Managing director of Al Handal International Group. Orsidi was founded in […]
Tags: Al Handal, e-Commerce, Entrepreneurship, featured, fundraising, Innovest, Iraqi Innovators, Management Partners, mn, Orisdi, start-ups
Genel Energy issues New $300m Bond
By John Lee. Genel Energy has successfully completed the issuance of a new $300 million senior unsecured bond with maturity in October 2025. The new bond will have a fixed coupon of 9.25% per annum. The transaction is subject to customary closing conditions and settlement is expected to occur on or about 14 October 2020. […]
Genel Energy considers new Bond Issue
By John Lee. Genel Energy has engaged Pareto Securities to organise a roadshow with international credit investors. The Company may, subject to market conditions and acceptable terms on the new issue, raise a new five-year bond of up to $300 million to replace the Company's existing bond maturing in December 2022. Genel had cash in […]
TBI Launches $100m Iraq Fund
By John Lee. The Trade Bank of Iraq (TBI) has reportedly announced the launch of a new $100-million investment portfolio fund. According to press reports, the Dananeer Fund has been set up in partnership with Cayman Islands-based Alpen Asset Advisors, and is structured as a "Segregated Portfolio Class B of the investment fund company". The […]
Tags: Alpen Asset Advisors, Cayman Islands, Dananeer Fund, featured, fundraising, mn, Trade Bank of Iraq (TBI)
DNO Completes $400m Bond Placement
DNO ASA, the Norwegian oil and gas operator, has completed the private placement of USD 400 million of new, five-year senior unsecured bonds with a coupon rate of 8.375 percent. The bond placement received strong investor demand across international markets and was oversubscribed. The bond issue is expected to be settled on or about 29 […]
Pearl Petroleum to Raise Funding for Kurdistan Investment
By John Lee. Pearl Petroleum is reportedly planning to raise additional funding for its drilling and development in Iraqi Kurdistan, According to Reuters, Patrick Allman-Ward, the chief executive of Dana Gas, which is the majority owner of Pearl Petroleum, told reporters that the funding will "comprise a mix of bank debt, a bond, Exim bank […]
Tags: Abu Dhabi, Chemchamal, Chemchemal, Crescent Petroleum, Dana Gas, drilling, featured, fundraising, Khor Mor, Kurdistan News, mn, Pearl Petroleum, United Arab Emirates (UAE)
GKP Completes $100m Bond Issue
Gulf Keystone Petroleum Ltd., operator of the Shaikan Field in the Kurdistan Region of Iraq, has announced the successful completion of the private placement of a 5-year senior unsecured $100 million bond issue (the "New Notes"). The New Notes will be issued at 100 percent of par and carry a 10 percent fixed semi-annual coupon. […]