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Synopsis
Jadwa Investment, an investment management and advisory firm, led a $50m round in PetroApp, a provider of digital fuel payment and fleet management solutions, with participation from Bunat Ventures. "PetroApp presents a compelling investment opportunity, supported by a robust technology infrastructure and strong network effects. The investment aligns with our fund’s strategy of backing ambitious management teams leading high-growth, scalable businesses across a diversified range of promising sectors," Tariq Al-Sudairy, Jadwa Investment Managing Director and CEO.
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