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Saudi company acquires controlling stake in professional network Jobzella - Daily News Egypt

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Saudi company acquires controlling stake in professional network Jobzella

We are taking advantage of a new round of investment by expanding to the Gulf, says Batrawi


jobzellaBy Mohamed Alaa Eldin

Jobzella, a website specialised in professional relations and a search engine for jobs and educational courses in the Middle East, has obtained a new round of investments from the Al Khaleej Training and Education group.

Al Khaleej is one of the largest training and education companies in Saudi Arabia and the Gulf states and is among the top 500 companies in the Arab world for the year 2014 on the Forbes Middle East list.

Nader Batrawi, CEO and founder of Jobzella, said that this round of investments included acquiring a controlling stake of the company worth over 51%, but declined to reveal the value of the deal at present. Batrawi said that he would reserve the right to manage the company and hopes to utilise the investments to bring the Jobzella network to Gulf countries during the first phase of expansions.

Batrawi revealed that the company is prepared to take the first expansionary steps in the area by opening a branch in Saudi Arabia by the end of December, as it is also aiming to open a branch in the Emirates during 2015. Kuwait and Qatar will be included in future company expansion.

Jobzella was awarded a first round of investments by KI Investment Holdings in October 2013 based on its success and the results achieved on the Egyptian market.

Jobzella is an online search engine connecting job seekers to job opportunities. In addition to jobs, the Jobzella search engine is also equipped with free courses and provides certificate programmes and other educational courses.

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https://www.dailynewsegypt.com/2014/12/03/saudi-company-acquires-controlling-stake-professional-network-jobzella/
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