Saffar, a Middle East and North Africa (Mena) focused financial services and investment group, has announced the sale of Zawya Limited, a leading Mena online business intelligence platform, to Thomson Reuters, the world’s foremost provider of information for businesses and professionals.
The value of the sale deal was not announced.
With the sale to Thomson Reuters, Saffar’s investment in Zawya becomes one of the most successful internet and media investments in the Mena region.
Since Saffar’s acquisition of a majority stake in the company, Zawya has grown from a start-up to become a leading Mena business information
platform, reflecting Saffar’s ability to identify compelling regional investment opportunities. Saffar created sustainable value in the business by expanding the business model, forming strategic partnerships and institutionalising the corporate structure.