Investcorp leads $100 million Pre-IPO round in TruKKer, MENA’s Largest Digital Freight Network

Investcorp leads $100 million Pre-IPO round in TruKKer, MENA’s Largest Digital Freight Network

Investcorp, a leading global alternative investment firm, 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 United Arab Emirates, Egypt and neighboring countries. Investcorp led the initial close of this round with $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. TruKKer is just one example of the kind of company that we believe will prove attractive to institutional investors as the Saudi ecosystem matures, and our Pre-IPO fund will focus on exactly these kind of high growth businesses.” “We are excited to add TruKKer to our portfolio and are keen to work with the founders of this regional champion to explore a possible market listing, as