Nawy Secures $75M Series A; OMNIYAT Issues $500M Green Sukuk
Key Takeaways
- Nawy secured $75M to expand across MENA, led by Partech with equity and debt.
- OMNIYAT issued a $500M green sukuk on Nasdaq Dubai, oversubscribed 3.6 times.
- Kilow, a Saudi healthtech, raised $2.5M seed funding led by Sanabil Venture Studio.
- Bybit & Ghaf Labs partner to advance Web3 in MENA, promoting crypto adoption.
- Cupbop to launch in Dubai and expand to Saudi Arabia.
Top Stories
Egypt's Nawy secures $75M to expand across MENA.
On 2025-05-12, Egypt-based proptech Nawy received $75 million in funding ($52 million Series A equity led by Partech and $23 million in debt). The funding will be used to expand across the MENA region, with participation from e& Capital, March Capital, VKAV, DPI via Nclude, VentureSouq, and Shorooq.
OMNIYAT issues $500M green sukuk on Nasdaq Dubai.
On 2025-05-12, OMNIYAT, a Dubai-based luxury developer, issued a $500 million green sukuk on Nasdaq Dubai. The sukuk, with a three-year term and an 8.375% profit rate, was oversubscribed 3.6 times, reaching $1.8 billion, and the funds will be used for sustainable real estate investments.
Saudi healthtech Kilow raises $2.5M seed funding.
On 2025-05-12, Saudi Arabia-based healthtech Kilow raised $2.5 million in seed funding led by Sanabil Venture Studio, in partnership with Stryber. The funding will be used to scale its AI-powered weight management platform.
Bybit & Ghaf Labs partner to advance Web3 in MENA.
On 2025-05-12, Bybit and Ghaf Labs announced a multi-year strategic partnership to advance Web3 in the MENA region. The collaboration aims to promote cryptocurrency adoption, support the digital asset ecosystem's growth, and explore blockchain technology applications, including equity-free grants and startup assistance.
Cupbop to launch in Dubai, expand to Saudi Arabia.
On 2025-05-12, Cupbop CEO Junghun Song announced plans to launch in Dubai in partnership with RMAL Hospitality, featuring a Dubai-specific menu. Following the Dubai launch, Cupbop plans to expand into the Saudi Arabian market, though specific locations have not been disclosed.
MENA Funding Highlights
flynas launching IPO to raise up to $1.1B.
Lakeba invests $10M in AqlanX for AI localization.
Lakeba invested $10 million in AqlanX to localize enterprise AI solutions. AqlanX, DoxAI, and Lakeba partnered with the University of Wollongong in Dubai (UOWD) to establish an AI Centre of Excellence.