Riyadh - Sharikat Mubasher: Exits MENA, a leading fintech arrangement platform, partnered with a group of Saudi investors to form a new strategic joint venture (JV) in Saudi Arabia, in a bid to expand its footprint in the Kingdom, according to the company’s press release.

This move underpins Exits MENA’s commitment to addressing the gaps in the entrepreneurial ecosystem across the Middle East and North Africa (MENA) region.

Ammar Shata, Founder of Gotrah Ventures, will be the Non-executive Chairman of the new JV.

As a premier fintech platform for startups and small and medium-sized enterprises (SMEs), Exits MENA will leverage the dynamic market environment in the Kingdom to foster growth and drive innovation among startups and SMEs.

Commenting on the partnership, Shata said: “This joint venture is not just an investment but a commitment to fostering innovation and supporting the growth of startups and SMEs in the region. Together, we will create a dynamic ecosystem that empowers businesses to reach their full potential."

Exits MENA was founded by Mohamed Nagaty, Ahella El Saban, and Ayman El Tanbouly, to provide a full suite of services tailored to the unique needs of startups and SMEs, including arranging capital, investment readiness, and strategic consultancy.

The founders stated that expanding in the Saudi market “marks a significant milestone” in the company’s journey to be a leading catalyst for investment and growth in the MENA region’s entrepreneurial ecosystem.

“This expansion will enable us to provide unmatched support to startups and SMEs, empowering them to navigate the complexities of the market and achieve their business objectives,” the founders affirmed.

Exits MENA help businesses to prepare for significant growth opportunities and facilitate access to investors' M&A opportunities.

In 18 months, the company has closed nine deals with a pipeline of over 40 mandates amounting to around $180 million in deal value.