Saudi VMS acquires minority stake in Egyptian accelerator Cash Cows
- Date: 25-Jun-2023
- Source: Wamda
- Sector:Technology
- Country:Saudi Arabia
Saudi VMS acquires minority stake in Egyptian accelerator Cash Cows
Press release
In a significant and prominent step towards enhancing innovation and supporting the entrepreneurial environment and startup companies in Egypt, Saudi Arabia, and the Arab region, the Saudi company VMS has announced its acquisition of a minority stake in the Egyptian Cash Cows, as part of a strategic partnership agreement aimed at bridging the gap between the Saudi and Egyptian startup sectors and entrepreneurial ecosystem. This partnership aims to bring together a wide range of resources, expertise, and support to help the region's startups grow and succeed.