ArabyAds, MENA’s one-stop-shop for performance marketing solutions, has successfully raised its Round-A of investments from Equitrust (the investment arm of Choueiri Group), which acquired an undisclosed stake in the company for USD 6.5 million. The company has been operating in the UAE and GCC markets since 2013, with offices in both Egypt and Dubai.
ArabyAds’ market knowledge, unique platform and deep understanding of the Arabic audience, truly sets it apart from the competition.
It offers advertisers the opportunity to benefit from various performance-based marketing solutions, following one of the strongest and most effective marketing models: Pay Per Results. Results can be leads, actions, sales, installs, and/or calls.
ArabyAds’ philosophy is to help its business partners predict and measure the return on their ad spend. Moreover, it allows them to grow their sales whilst keeping marketing spend under control.
Patrick Thiriet, Chief Strategy Officer, Choueiri Group, commented on the investment: “We are excited to partner with ArabyAds, a company that was able –with no external funding so far- to quickly emerge as a market leader in MENA’s fast-growing performance marketing industry. There are many synergies to explore and implement, both with Equitrust’s other portfolio companies and with Choueiri Group’s unique advertising footprint in the region. We are looking forward to a fruitful collaboration, which shall ultimately benefit many consumer-facing industries, such as e-commerce, real estate, automotive and health & beauty.”
On the other hand, Mahmoud Fathy, CEO of ArabyAds, commented on the company’s first fund raise: “We are looking forward to strengthening our brand, and to gain access to more regional clients that are looking to boost their sales through advertising. Although our organic growth has been rather a stellar year on year, Arabyads had reached a stage where a capital injection was needed to expand further and continue delivering new solutions to regional advertisers. What we needed was the right partner, and Choueiri Group emerged quite naturally as a name of choice.”
ArabyAds serves performance marketing through 3 main solutions:
ArabyAds has delivered its performance marketing solutions to more than 450 clients so far, including Landmark, Emaar, VLCC, Flyin, Etihad Airways, as well as most of the large MENA e-commerce players, such as: Souq.com, Namshi, Jumia, Wadi, noon.com, etc. During the 2018 Black Friday alone, Arabyads’ generated over USD $60-million in sales for its clients, mostly in e-commerce, health & beauty and real estate.
About Choueiri Group
As the leading media representation group in the Middle East, Choueiri Group is a company built from the ground up over the past 43 years. Today, the Group’s companies not only market, but also manage the advertising space of 31 television stations, 16 print titles, 12 radio stations, cinemas, web portals as well as the largest network of outdoor signs in the GCC. Choueiri Group operates in 10 markets covering the MENA region, Europe and Japan, and ensures the best support for its regional and international clients through its extensive network of 12 subsidiaries, 4 representative offices, and more than 800 committed professionals.
ArabyAds is the largest advertising and marketing intelligence platform that incorporates revolutionary technology in order to offer clients across the MENA region a number of marketing and sales solutions that cover their business needs with measurable results and enhance their spending. ArabyAds was established as a leading affiliate network in 2014 by Mahmoud Fathy, who was joined in 2015 by Mohammad Khartabil. Over the last few years, the company has experienced stellar growth and expanded to become the revolutionary platform in the field of marketing and advertising in the region.
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