{"id":91085,"date":"2024-10-31T00:00:00","date_gmt":"2024-10-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/"},"modified":"2024-10-31T00:00:00","modified_gmt":"2024-10-31T00:00:00","slug":"ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/","title":{"rendered":"Ayen acquires Egyptian startup Elmawkaa in SAR seven-figure transaction"},"content":{"rendered":"

Local real estate appraisal platform <\/strong>Ayen<\/a><\/strong> acquired Egyptian<\/strong> construction <\/strong>tech startup <\/strong>Elmawkaa<\/a><\/strong> in a SAR seven-figure transaction<\/strong> that will see Ayen integrate Elmawkaa\u2019s construction materials marketplace into its property evaluation platform, according to a press release (pdf)<\/a>.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.<\/p>\n

The terms:<\/strong> The transaction will see Ayen fully acquire Elmawkaa through a share swap, with the founders and existing investors making a 100% exit from the company, Elmawkaa CEO Ebrahem Anwar told EnterpriseAM Egypt. Anwar and his fellow cofounders Mohamed Thabet and Mahmoud Habib will hold C-suite positions within Ayen as part of the agreement.<\/p>\n

The rationale: <\/strong>The acquisition will allow Ayen to integrate Elmawkaa\u2019s materials marketplace into its existing, fee-based property valuation service, part of which involves suggesting potential renovations that could add value to users\u2019 property, Anwar told EnterpriseAM Egypt, explaining that the move will allow Ayen to direct clients to their own in-house marketplace, offering a more integrated experience \u2014 alongside contributing to the firm\u2019s expansion in Egypt.<\/p>\n

What\u2019s next for Ayen?<\/strong> Post-acquisition, the company plans to kick off an expansion drive in the Egyptian, Saudi, and Emirati markets, with the company looking to Elmawkaa to deepen its presence in Egypt. The company is also set to open a new pre-IPO investment round focused on real estate ins. and project financing, as the company gears up for expansion into new GCC markets, AlMohsen said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition will allow Ayen to integrate Elmawkaa\u2019s materials marketplace into its platform<\/p>\n","protected":false},"author":1,"featured_media":91086,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2556],"tags":[142,10,106,179,521],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-construction","tag-enterpriseam-ksa","tag-real-estate","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"7f53753d-01db-4a53-8fb8-30cf78ddf2c8","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2799.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ayen acquires Egyptian startup Elmawkaa in SAR seven-figure transaction","related_issue":[91072],"teaser":"The acquisition will allow Ayen to integrate Elmawkaa\u2019s materials marketplace into its platform","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.69d7ac5e-25c0-45ef-b9d1-ed6055cb974a.mp3"},"yoast_head":"\nAyen acquires Egyptian startup Elmawkaa in SAR seven-figure transaction - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ayen acquires Egyptian startup Elmawkaa in SAR seven-figure transaction\" \/>\n<meta property=\"og:description\" content=\"The acquisition will allow Ayen to integrate Elmawkaa\u2019s materials marketplace into its platform\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-31T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2799.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ayen acquires Egyptian startup Elmawkaa in SAR seven-figure transaction\",\"datePublished\":\"2024-10-31T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/\"},\"wordCount\":258,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2799.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Construction\",\"EnterpriseAM KSA\",\"Real Estate\",\"STARTUP WATCH\",\"Startups\"],\"articleSection\":[\"STARTUP WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/\",\"name\":\"Ayen acquires Egyptian startup Elmawkaa in SAR seven-figure transaction - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2799.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-10-31T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2799.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2799.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ayen acquires Egyptian startup Elmawkaa in SAR seven-figure transaction\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ayen acquires Egyptian startup Elmawkaa in SAR seven-figure transaction - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/","og_locale":"en_US","og_type":"article","og_title":"Ayen acquires Egyptian startup Elmawkaa in SAR seven-figure transaction","og_description":"The acquisition will allow Ayen to integrate Elmawkaa\u2019s materials marketplace into its platform","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/","og_site_name":"KSA","article_published_time":"2024-10-31T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2799.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Ayen acquires Egyptian startup Elmawkaa in SAR seven-figure transaction","datePublished":"2024-10-31T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/"},"wordCount":258,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2799.jpg?fit=%2C&ssl=1","keywords":["Construction","EnterpriseAM KSA","Real Estate","STARTUP WATCH","Startups"],"articleSection":["STARTUP WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/","name":"Ayen acquires Egyptian startup Elmawkaa in SAR seven-figure transaction - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2799.jpg?fit=%2C&ssl=1","datePublished":"2024-10-31T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2799.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2799.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/31\/ayen-acquires-egyptian-startup-elmawkaa-in-sar-seven-figure-transaction\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Ayen acquires Egyptian startup Elmawkaa in SAR seven-figure transaction"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2799.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2799.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2799.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/91085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=91085"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/91085\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/91072"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/91086"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=91085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=91085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=91085"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=91085"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=91085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}