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  1. Mubasher News
  2. PFG commits over $300mn to GCC companies in five years

PFG commits over $300mn to GCC companies in five years

NOHA.GAD
Jul 29, 2025
PFG has committed over $300 million to high-growth companies across the GCC over the past five years

Riyadh - Sharikat Mubasher: The global investment firm Partners for Growth (PFG) has committed over $300 million to high-growth companies across the GCC region, including Tabby, TruKKer, Bayzat, Syarah, Huspy, and Silkhausm, over the past five years.

In a recent statement, PFG highlighted that its investment strategy aligns with the long-term national agendas of GCC countries, notably Saudi Arabia and the UAE, which prioritize digital transformation, private sector growth, and economic diversification.

Since 2020, the company has established strategic partnerships with leading institutional partners, including SVC and the Public Investment Fund (PIF)-backed Jada Fund of Funds.

Andrew Kahn, Co-Founder and CEO of PFG, said: “Across the GCC, we have seen firsthand how bold and visionary this generation of founders is. But ambition alone is not enough; it needs to be met with the right kind of capital. That is where PFG comes in. We don’t just write checks, we build with founders.”

Meanwhile, Armineh Baghoomian, Managing Director and Head of EMEA at PFG, said: “We have seen the transformative power of structured credit, from introducing Sharia-compliant solutions in Saudi Arabia to designing bespoke facilities for the region’s most ambitious fintechs. These are not one-size-fits-all products. They are built in close partnership with founders, shaped by local insight and a deep belief in the region’s potential.”

PFG has financed more than 250 companies across more than 15 countries, with over $2.1 billion in loan commitments across seven funds, and has over $900 million in assets under management.

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PFG commits over $300mn to GCC companies in five years
Riyadh - Sharikat Mubasher: The global investment firm Partners for Growth (PFG) has committed over $300 million to high-growth companies across the GCC region, including Tabby, TruKKer, Bayzat, Syarah, Huspy, and Silkhausm, over the past five years.In a recent statement, PFG highlighted that its investment strategy aligns with the long-term national agendas of GCC countries, notably Saudi Arabia and the UAE, which prioritize digital transformation, private sector growth, and economic diversification.Since 2020, the company has established strategic partnerships with leading institutional partners, including SVC and the Public Investment Fund (PIF)-backed Jada Fund of Funds.Andrew Kahn, Co-Founder and CEO of PFG, said: “Across the GCC, we have seen firsthand how bold and visionary this generation of founders is. But ambition alone is not enough; it needs to be met with the right kind of capital. That is where PFG comes in. We don’t just write checks, we build with founders.”Meanwhile, Armineh Baghoomian, Managing Director and Head of EMEA at PFG, said: “We have seen the transformative power of structured credit, from introducing Sharia-compliant solutions in Saudi Arabia to designing bespoke facilities for the region’s most ambitious fintechs. These are not one-size-fits-all products. They are built in close partnership with founders, shaped by local insight and a deep belief in the region’s potential.”PFG has financed more than 250 companies across more than 15 countries, with over $2.1 billion in loan commitments across seven funds, and has over $900 million in assets under management.
Saudi foodtech startup Calo secures $39mn in Series B extension round
Riyadh - Sharikat Mubasher: Calo, a Saudi-based personalized meal subscription platform, secured SAR 146.2 million (around $39 million) in a Series B extension round led by AlJazira Capital, with participation from Oraseya Capital and existing investors Nuwa Capital, STV, Khwarizmi Ventures, and Al Faisaliah GroupThe extension round brought the total Series B funding to SAR 240 million, following an initial $25 million tranche in December 2024, Calo unveiled in a press release today.This funding will help Calo accelerate global growth, expand products, and integrate the newly acquired businesses in the United Kingdom.Calo recently completed the acquisition of two leading UK-based meal subscription brands, Fresh Fitness Food and Detox Kitchen, marking a strategic entry into the European market.Ahmed Al Rawi, Co-founder and CEO of Calo, said: “We are living in an interesting time where AI is transforming our lives, and we are excited to be investing in cutting-edge innovation to explore how Calo can use AI to influence the future of how we discover and eat healthy food. Being vertically integrated with the mission of “Making Healthy Easy” gives us an edge to develop and scale world-class experiences not just regionally, but also globally.”Additionally, Calo is piloting Calo Black, an AI-powered private chef product that leverages large language models (LLMs) to capture nuanced customer preferences through natural conversation and generate personalized daily menus.  Rawan AlRasheed, Lead Manager of Impact Lab at AlJazira Capital, stated that the company's participation in the round reflects its commitment to enabling local and regional business ventures and creating a positive, sustainable impact in health and wellness.To expand its business, Calo forged strategic partnerships with premium gym operator Armah Sports Company to unlock new wellness and retail collaborations and plans to file an IPO in Saudi Arabia.Calo currently operates in Saudi Arabia, UAE, Bahrain, Qatar, and Kuwait, with UK operations now underway. It embeds AI across user interaction and operational workflows to improve efficiency, scale personalization, and unlock new formats for customer experience.
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