This funding is the first investment in the Middle East region for “Val Ear”, the investment capital company backed by international businessman Peter Thil. This, and the participation in the financing round concluded the Global Investment Company “Nolwand”.
It is expected that the blessing of its presence in the Gulf Cooperation Council countries and Egypt will be doubled thanks to this new investment.
The company will continue to develop its application with the new services expected to be launched during the next twelve months, which include access to advantages such as profit re -investment plans, extended trading hours and others.
Baraka, as part of its growth plans, is looking forward to regional expansion, especially in Saudi Arabia, as the company committed to allocate most of the funds collected from financing in establishing its operations there and accelerating employment.
On this occasion, Firas Jalbout, the founder and executive director of Baraka, said that tens of thousands of users participated in the Baraka application in just one year of its launch, confirming the company’s commitment to allow financial inclusion to millions of investors in the Middle East and North Africa, by enabling the next generation of investors in The area is to take advantage of comprehensive and low -cost investment options.
Baraka cooperates with local stock exchanges to enable access to trading by applying them. The Middle East stock exchanges witnessed an increase of 300 percent in the initial public subscriptions in the year 2022, and investors in the retail sector contributed 16 percent in the total assets subject to management in the Middle East to reach $ 1. 2 trillion, with the support of technical platforms such as Baraka.
The company is looking to enter new markets to expand in the Middle East and North Africa, after the funding amounts that it raised so far reached $ 25 million.
This is a blessing with the support of the American Business Casting, “Way Combinter”, while it is part of the global technology system of the Emirate of Abu Dhabi, “HAB 71”.
The list of investors in Baraka includes a group of regional and global investment capital companies, such as “Class 5 Global”, “Global Valerds Capital” and “Vant spreads”.
For its part, “Val Aar” has previously supported international financial technology companies “Wise”, “In 26”, “Bit Panda” and others.
Baraka was established in 2021, to enable investors throughout the region to take advantage of commission -free investment deals, and to reach more than 6,000 American stocks and boxes traded on stock exchanges.
It is noteworthy that Baraka, which is based in the Dubai Financial Center, is subject to the regulation of the Dubai Financial Services Authority, which guarantees its optimal practices to protect customers..
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