VCBank and Al Sraiya completed the acquisition of a 40% stake in MADO for $150m.

Venture Capital Bank, an Islamic investment bank, and Al Sraiya Holding, which provides a diversified range of individual companies integrating services, completed the acquisition of a 40% stake in MADO, a Turkish deserts-and-food franchise, for $150m. “The deal with Mado is VCBank’s third major investment in Turkey, and allows access to a market that we will continue to focus on due to its solid fundamentals and strong economic prospects," Abdullatif Janahi, VCBank CEO.