The Abraaj Group Announces Investment in Anoud (MENA)

Source: The Abraaj Group

Global growth markets-focused private equity firm The Abraaj Group has made an investment in Palestine-based Arabic educational games and toys maker Anoud Games. The Palestine Investment Fund (PIF), an independent investment company, is co-investing in the deal alongside Abraaj’s Palestine Growth Capital Fund (PGCF), in which PIF is a cornerstone partner. Anoud Games plans to use the investment to increase its product offering and expand into new markets. Financial details of the transaction were not disclosed.