Sanad sells stake in Jordanian start-up POSRocket to Foodics – The National
- Date: 21-Jan-2022
- Source: The National
- Sector:Technology
- Country:Jordan
Sanad sells stake in Jordanian start-up POSRocket to Foodics – The National
The Sanad Fund for MSME sold its shares in POSRocket, following the Jordanian food technology start-up’s acquisition by Saudi company Foodics.
The commercial terms of the transaction, which was carried through the second equity sub-fund (ESF II), were not disclosed.
Sanad has realised strong commercial returns through the sale, the Luxembourg-domiciled fund said in a statement on Friday.
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