Bahrain’s Al Salam Bank with China’s MSA Capital launches $50 Mn regional venture fund

Bahrain's Al Salam Bank has partnered with China-based MSA Capital to launch a new $50 million venture capital fund known as 'Al Salam-MSA Bahrain Fund I'...

▸ Al Salam Bank-Bahrain is an Islamic financial institution licensed and regulated by the Central Bank of Bahrain.
▸ MSA Capital is a Beijing, China-based venture fund focused on investing in AI, genomics, mobility, and SaaS companies globally.


As reported by The National on Wednesday, Bahrain’s Al Salam Bank has partnered with China-based MSA Capital to launch a new $50 million venture capital fund known as ‘Al Salam-MSA Bahrain Fund I’ or ‘MEC Ventures’ – in a move to bring in Chinese technologies and business models to the Middle East.

“Al Salam Bank-Bahrain is uniquely positioned to provide regional access to capital and investment opportunities in the ever-growing Mena market complementing MSA’s deep industry expertise,”

JOIN US TO STAY UPDATED ON YOUR FAVORITE MESSENGER APP!

WhatsApp
Telegram

“MEC Ventures will be an active participant in the regional venture capital landscape which only stands to grow by leveraging on cutting edge China-based technologies and expertise.”

Interesting Read: Startup Glossary – 40+ Startup Terms Every Startup Founder & Entrepreneur Should Know

Rafik Nayed – CEO, Al Salam Bank

“We believe that the Mena region is nearing an inflection point that can be accelerated through the adoption of Chinese-inspired mobile-first business models. We are proud to partner with Al Salam Bank-Bahrain to establish MEC Ventures, and see Bahrain as a hyper-efficient, user-friendly gateway to the MENA region,”

Ben Harburg – Managing Director, MSA Capital

About Al Salam Bank, Bahrain

Al Salam Bank is an Islamic lender with assets of about 1.9 billion Bahraini dinars (Dh18.6bn) as of September 30. The bank, which has retail, corporate and private banking arms, increased profit to shareholders by 19 per cent in the three months to September to 4.9m dinars, as total operating income rose 25 per cent to 12.7 million dinars.

About MSA Capital, China

MSA Capital is a Chinese venture capital fund with more than $1bn of assets under management, according to its website. Last month, Al Waha Fund of Funds, an investment vehicle into venture capital owned by the Bahrain government’s sovereign fund, Mumtalakat, announced it would invest into a $250m fund by MSA Capital, which claims to have made 10 investments into the Middle East already.


Source: The National


As part of our ongoing support for startups and SMEs, LAFFAZ Media publishes feature and resource articles that may include references and links to external websites. These inclusions are selected at our editorial discretion to provide valuable information to our readers. LAFFAZ Media does not control, endorse, or assume responsibility for the content or practices of external websites. For more details, please refer to our Terms and Conditions.

Mohammed Haseeb
Mohammed Haseeb

Founder and Editor-in-Chief of LAFFAZ Media, Haseeb is a self-taught business journalist with extensive experience in the business media industry. A tech enthusiast, digital marketer, and critical thinker, he brings startup news, inspiring stories, and exclusive conversations with founders and ecosystem enablers to a global audience. Over the years, he has collaborated with more than 50 startups across India, UAE, UK, US, and Canada, crafting impactful brand marketing strategies. Known for delivering sharp insights on startup ecosystem trends, Haseeb is dedicated to empowering entrepreneurs and driving growth in the digital economy.

Articles: 195