The UAE’s Mubadala Investment Company has invested in Cairo-based Breadfast, a fresh bread and grocery delivery startup, ahead of a global initial public offering (IPO)
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The Abu Dhabi-based sovereign investor participated in a $50 million pre-Series C fundraising for the Egyptian firm, along with other institutional and private investors, including Saudi Arabia’s Olayan Financing Company, SBI Investment Co and the World Bank’s IFC, among others. Watch the Zawya video here:
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