Riyadh – Sharikat Mubasher: Thanawi, a Saudi-based company specializing in managing exit strategies and share transfers for unlisted companies, successfully closed its pre-seed funding round, raising SAR 1.875 million ($500,000) from a group of angel investors.
According to Ahmed Abu Bakr, CEO of Thanawi, unlisted companies in the Kingdom face significant challenges in exit operations and share transfers. Thanawi addresses this gap with innovative solutions tailored to the Saudi market, as per a recent press release.
Since its launch, the platform has garnered significant interest from investors, reflecting the growing demand for its services. Abu Bakr revealed that the market value of companies using Thanawi has exceeded SAR 1 billion in a short period.
Abu Bakr emphasized that Thanawi aims to streamline investment and exit processes, benefiting all parties involved. The platform enables investors to access premium opportunities with ease and security, contributing to market efficiency and transparency.
The company plans to allocate its new funding toward enhancing its platform technology, recruiting top talent, and delivering high-quality services. Additionally, Thanawi aims to expand its geographic and marketing reach to attract more members and grow its user base of companies and investors in Saudi Arabia.
One of the participating angel investors, Abdulaziz Al-Obaid, CEO of Share Investment, expressed confidence in the company’s leadership team, citing their expertise and vision for achieving sustainable growth and success in the coming phases.
Abu Bakr also disclosed that Thanawi is preparing for another funding round in Q4 this year to support its expansion plans and develop additional solutions and services to achieve its strategic goals.
Founded in 2024 by Ahmed Abu Bakr, Thanawi focuses on facilitating exit operations for startups and small to medium enterprises in Saudi Arabia and free zones. The platform offers automated and secure services, providing investors and stakeholders with professional and seamless access to promising exit opportunities.
Thanawi aspires to become a key player in the exit management sector, building trust among investors and companies in Saudi Arabia and surrounding markets. The company aims to establish itself as a strategic partner for growth and sustainability in the region.