Investcorp Leads $100 Million Pre-IPO Round in TruKKer

Investcorp Leads $100 Million Pre-IPO Round in TruKKer

Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, today announced that Investcorp Saudi Pre-IPO Growth Fund LP led the Pre-IPO round in privately-held TruKKer Holding Limited, MENA's largest digital freight network with a leading position across Saudi Arabia, the UAE, Egypt and neighbouring countries.

Investcorp led the initial close of this round with a US$51 million investment alongside new and existing investors.

Hazem Ben-Gacem, Co-Chief Executive Officer of Investcorp, commented, "Saudi Arabia is increasingly rich in highly investible companies, from fast-growth technology businesses like TruKKer to long-established family businesses that have grown consistently and are now looking for capital to implement more ambitious expansion plans. We are seeing a lot of interest in pre-IPO rounds as scale-ups secure greater market share and more Saudi businesses prove themselves successful on a national and regional basis.