DUBAI, July 4, 2012 - SNR Denton advised Saffar Holdings Limited (Saffar), the Middle East and North Africa (MENA) focussed financial services and investment group on the sale of Zawya Limited (Zawya), the leading MENA online business intelligence platform to Thomson Reuters, the worlds foremost provider of information for businesses and professionals.
With the sale to Thomson Reuters, Saffar’s investment in Zawya becomes one of the most successful internet and media investments in the MENA region. Since Saffar’s acquisition of a majority stake in the company, Zawya has grown from a start-up to become the leading MENA business information platform, reflecting Saffar’s ability to identify compelling regional investment opportunities. Saffar created sustainable value in the business by expanding the business model, forming strategic partnerships and institutionalising the corporate structure.
Zawya is today a globally recognised Middle Eastern brand due to the business’ comprehensive content, innovative products and regional analysis. Zawya enables over 750,000 unique visitors per month to find and connect with the best business and investment opportunities in the region.
“We are extremely pleased to have had this opportunity to work with Saffar on realising its investment in Zawya” said partner Iain Black.
SNR Denton’s team included corporate partner Iain Black, TMT partner Joby Beretta, senior associate Catherine Beckett, lawyer Anna Terrizzi and trainee Katherine Nixon, all located in SNR Denton’s Dubai office.
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