Hope Ventures, the investment arm of Hope Fund and producers of Beban TV show, co-invests USD 200k in UAE-based Nadeera alongside the private sector on the eighth episode of Beban Season 2, which can be streamed on the Shahid platform for free, or watched at 9:30 PM on Dubai TV.
Industry sources added that In episode 8, Nadeera, a social enterprise that offers innovative digitally enabled solutions for solid waste management, founded by Rabih El Chaar, raises USD 200k from Bahrain-based Hope Ventures and Kuwait-based Rasameel Investments, represented by its CEO, Mr. Dakhil Al-Dakhil.
Fajer Saleh Al Pachachi Hope Ventures’ General Manager
Hope Ventures’ General Manager, Fajer Alpachachi, commented on the co-investment, stating: “I am excited about our investment in Nadeera as they innovatively solve real-life problems and is driven by founders who are ambitious and eager to achieve desired growth. Rabih is passionate about sustainability and is on a path of developing Nadeera’s cutting-edge technology to scale regionally and globally, ad this forward-thinking approach is what we are looking for. More importantly, a key decision for Hopes investments is the co-investors that we invest alongside, and Rasameel Investments is a key example of a strategic investor who brings a wealth of experience with expertise and know-how to drive business growth.”
Dakhil Al-Dakhil, CEO of Rasameel, commented that “Being part of the investor panel on Beban TV show was an exciting experience that provided us with access to unique business opportunities from all over the region. Nadeera is one of those opportunities that spoke to us at Rasameel, as it is part of our vision to invest in businesses aligned with the needs of the future, which we found in the startup. We look forward to adding value to the startup’s journey and helping them penetrate the GCC market along with our co-investors.”
Commenting on his investment, Rabih El Chaar, Founder and CEO of Nadeera, shared: “Providing an innovative solution to an existing, ongoing environmental cause drove us to start Nadeera, which is why I am thrilled to have received this investment through Beban. Through the mentorship and expertise of our co-investors, Rasameel and Hope, we hope to strategically accelerate our market entry into the GCC to help wider segments better manage their waste with the use of our technology.”
Alongside Mr. Dakhil Al Dakhil, episode 8’s panel of investors featured the Kingdom of Saudi Arabia’s Jahez, represented by its Chief Investment Officer, Mr. Abdulaziz Alhouti, and Mr. Abdulla Almutawa, Founder and CEO of Cari headquartered in Kuwait. The panel was moderated by His Excellency Aymen bin Tawfiq Almoayed, Chairman of Hope Fund, who was also representing Hope Ventures’ investments.
Beban season 2, which is 100% powered by renewable energy through Hope Ventures’ partnership with The Oil and Gas Holding Company B.S.C (closed) (“nogaholding”) and the Electricity and Water Authority (EWA), was filmed in Al Areen Palace and Spa by Accor, whereby entrepreneurs pitch their businesses in front of a panel of regional investors for immediate investment and business opportunities.
Industry sources further added that Beban aims to shed light on promising entrepreneurs and matchmake them with strategic investors to accelerate their growth and expansion into international markets. A new episode of Beban will air every Wednesday of this month. You can watch the next episode airing on the 1st of March, 2023.
The show can be streamed on the region’s first and biggest video-on-demand platform, Shahid, for free or watched as it airs at 6 PM (+3 GMT) on Bahrain TV, 9:30 PM (+3 GMT) on Alrai TV, and every Friday at 10:30 PM (+3 GMT) on Dubai TV.
Press Release received on Mail
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