Business

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Nawy raises $5m in funding

By TRENDS Desk
February 14, 2022 6:10 pm
  • Nawy is focused on capitalizing on digital technologies and expanding the business to create an informed and transparent decision-making process for its customers
  • “We were one of the initial investors in Nawy because we saw the company's potential,” said Onsi Naguib Sawiris, who leads the family office

Nawy, a Cairo-based property dealer, obtained a seed funding round of $5 million, led by the Sawiris family office.

Nawy is focused on capitalizing on digital technologies and expanding the business to create an informed and transparent decision-making process for its customers.

“We were one of the initial investors in Nawy because we saw the company’s potential,” said Onsi Naguib Sawiris, who leads the family office.

Nawy was founded in 2016 by Mohamed Abou Ghanima, Abdel-Azim Osama, Ahmed Rafea, Aly Rafea, and Mostafa El Beltagy, providing a large database of properties for its users.

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