Shaker Group acquires 10% stake in Cashew

Shaker Group acquires 10% stake in Cashew

Press release:

Al Hassan Ghazi Ibrahim Shaker Co. (“Shaker Group”),  Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home  Appliances, has announced today the completion of a 10% investment in Cashew Arabia Company for Information Technology (“Cashew KSA”), the subsidiary of Cashew Payments Holding Limited  (“Cashew Holding”). The investment follows the Memorandum of Understanding (MoU) between the two companies in June 2022 and was made through its subsidiary Shaker Innovative Investments Company which is 90% owned by Shaker Group.