Chedid Capital further expands with acquisition of leading UAE online insurance platform, BuyAnyInsurance.com

Chedid Capital further expands with acquisition of leading UAE online insurance platform, BuyAnyInsurance.com

- Potential to scale proven technology and business model to a network across 60+ countries

Dubai, UAE: Chedid Direct Limited, a company of Chedid Capital, announced an agreement to further extend its international insurance offering with the strategic acquisition of a majority stake in MMR Holding Limited, a company based in Abu Dhabi Global Market (ADGM) and the owner of one of the leading online insurance platforms, BuyAnyInsurance (www.buyanyinsurance.com).

This transaction offers MMR Holding Limited access to a network of brokers in 60+ countries across the Middle East, North and Sub-Saharan Africa, and Asia.

Commenting on this latest international expansion, Mr. Edwin Hage, Digital Transformation Director of Chedid Capital said:

“Acquiring a majority stake in MMR Holding Limited cements our positioning as the market leader in helping brokers and consumers choose and manage their insurance needs.”

“We have a strong track record in successfully integrating complementary businesses and this deal further accelerates our growth strategy, both organically and through acquisitions. We are confident that our partnership with MMR Holding Limited will enable the online aggregator’s swift scale-up to regions where we have strong presence.”

“The team at BuyAnyInsurance has achieved great success in a short period and its business is highly complementary to ours. We share