Saudi Arabia-based Master Works, a pioneering data and digital transformation company has raised $40 million in a private equity financing round led by Merak Capital, an asset management company.
Master Works was founded by Hani Al-Lehaibi and Bandar Al-Amri, in 2010 with the goal to become the leaders of Digital Transformation. The company offers unique and exceptional qualifications in the field of Data Management, AI, Data Strategy, BIG Data, advanced Analytics, and API management implementations.
The Riyadh-headquartered business has offices in Egypt, UAE, Jordan, and India. The firm served more than 140 clients across government and private sectors in the Kingdom, with the support of more than 20 global technology providers.
Within the past few years, Master Works has launched four product lines and services, expanded its customer base, along with boosting its relationships with local and global key players in the information technology sector.
“Having Merak Capital as a partner reflects our absolute intention to meet the investors’ aspirations, and it will play a key role in helping us achieve the growth journey we desire as we help more clients, and the Kingdom, expedite this digital transformation.”
~ Hani Al-Lehaibi, founder Master Works
Merak Capital is an asset management company licensed by the Capital Market Authority (CMA) of Saudi Arabia that specializes in investing in the technology sector across equity classes, private and public.
“With the vision of the executive team, we are confident the company will hit more achievements in the coming years. Merak Capital is proud to be part of this distinguished journey, which is an embodiment of an inspiring success story for all stakeholders in the information technology sector in the Kingdom of Saudi Arabia.”
~ Othman Abdulrazaq Alhokail, Partner at Merak Capital