Property Finder’s CEO on MENA Growth: What Inspires Global Investors?

Property Finder’s CEO on MENA Growth: What Inspires Global Investors?

Property Finder, which is the top property portal in the Middle East and North Africa, has announced a major financial move. They've raised US$90 million in debt financing and used the funds to buy back shares from BECO Capital, their first institutional investor. This debt financing was provided by Francisco Partners, a major global investment firm that works with tech companies and has offices in San Francisco, New York, and London.Michael Lahyani, the CEO and founder of Property Finder, emphasised the trust BECO Capital had in the company since they first invested 11 years ago. He believes this move will inspire other regional founders to elevate their companies, attract global talent, and create a thriving entrepreneurial ecosystem in the MENA region.BECO Capital was the first venture capital firm to launch in the UAE and played a crucial role in the early stages of Property Finder’s growth. With the share buyback, BECO Capital exits with a significant return on their investment. Dany Farha, Co-Founder & Managing Partner of BECO Capital, expressed his pride in backing Michael Lahyani and Property Finder, noting the impressive returns and continued growth potential of the company.Lahyani also praised the UAE's leadership for creating a market environment