Dubai – Mubasher: The UAE site Bayut’s parent company, Emerging Markets Property Group (EMPG), revealed that it has closed a $100 million investments in its latest and largest round of funding.
“Bayut has enjoyed tremendous success over the last few years and this fundraising is a testament to our growth as an organization and a brand in the UAE,” Haider Ali Khan, CEO of Bayut.com, commented.
The round was managed by investment fund KCK Group, in addition to eight other investors including Exor Seeds, which is a subsidiary of Exor, one of Europe’s largest diversified holding companies with a net asset value of more than $24 billion and a portfolio including Ferrari, Juventus FC and The Economist.
“With the fastest portal in the world and the most advanced technological platform, we look forward to further consolidating our position in the UAE in 2019 by providing best-in-class experience to our consumers and clients,” Khan added.
It is worth noting that EPMG owns and operates Zameen.com in Pakistan, Bproperty.com in Bangladesh and Mubawab.ma in Morocco.
