The move comes on the heels of recent amendments to law which intend to increase ease of doing business in Bahrain and increase funding access for startups.
Bahrain’s decades-old, cross-sector Al Zayani Investments Group has announced the launch of a new venture capital fund that will look locally and regionally to the growing fleet of tech-enabled startups.
Established in 1972, Al Zayani boasts an impressive and eclectic investment portfolio, one that spans sectors ranging from automobile and real estate, to food and healthcare. Looking to back young entrepreneurs in emerging industries, the fund will bring with it a wealth of experience and insight, as the group marks the launch as a new phase in its evolution. The group is clearly in no rush, however, and will set strict criteria in any ventures taken.
“Through the establishment of this company, Al Zayani Investments Group aspires to achieve rewarding returns on carefully considered investment opportunities, structured in a highly efficient and well-managed manner, taking into consideration the calculated risks,” said Khalid Hamid Al Zayani, Managing Director of Al Zayani.
The fund is believed to be a result of recent amendments to the Bahrain Commercial Companies Law. Made in November 202, the amendments fell in line with Bahrain’s efforts to establish compliance and regulatory frameworks in line with international best practice. Ultimately, the change aims to simplify the regulation of private companies and increase the ease of doing business, which in turn is hoped will increase startup access to funding.
Learn more about Al Zayni Investments Group here.
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