- Thanawi announced the closing of its funding round, valued at SAR 1.875 million (USD 500,000), with the participation of angel investors.
- The platform offers innovative solutions to bridge the gap in exit processes and share transfers for unlisted companies.
- Thanawi plans to launch a new funding round in the last quarter of the year, focusing on expansion and providing additional services to support its strategic objectives and strengthen its position in the Saudi market.
Thanawi, a company specializing in managing exit processes and share transfers for unlisted companies in Saudi Arabia, has announced the closing of its (Pre-Seed) funding round worth SAR 1.875 million (USD 500,000), with participation from several angel investors.
Ahmed Abu Bakr, CEO of Thanawi, stated that unlisted companies face significant challenges in exit processes and share transfers. Thanawi offers innovative solutions to fill this gap in the Saudi market. He added that since the company’s inception, it has garnered considerable interest from investors, reflecting the high demand for its services.
Abu Bakr revealed that the market value of companies listed on the platform has surpassed SAR 1 billion in a short period. He emphasized that the platform aims to facilitate investment and exit processes in a way that benefits all stakeholders. It enables investors to access exceptional opportunities with ease and security, contributing to improving market efficiency and increasing transparency.
The company clarified that it plans to use the new investment to develop the platform’s technology and attract specialized talent to deliver high-quality services. It also aims to expand its geographic reach and grow its user base of companies and investors across the Kingdom.
Abdulaziz Al-Abid, CEO of Share Investment and one of the angel investors participating in the round, expressed his strong confidence in Thanawi’s leadership team, highlighting their competence and vision to achieve sustainable growth in the coming phase.
Abu Bakr also noted that Thanawi is currently preparing to launch a new funding round in the fourth quarter of the current year, focusing on expansion and offering additional solutions and services that support its strategic goals.
Founded in 2024 under the leadership of Ahmed Abu Bakr, Thanawi specializes in facilitating exit processes for startups, small, and medium-sized enterprises in the Saudi market and free zones. The platform provides automated and secure services, enabling investors to access promising exit opportunities in a professional and seamless manner.
Thanawi aspires to become a key player in the exit management sector, enhancing trust among companies and investors in the Saudi market and surrounding regions, making it a strategic partner for achieving sustainable growth.
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