Acquisition of BML Istisharat and IST (Offshore)
Mawarid Finance ("Mawarid"), an investment group based out of the UAE has
acquired a majority interest in our firm with the objective of supporting our
expansion and strengthening our solutions. Mawarid focuses on mid-sized
business in the Middle East and has supported, for the past decade, entrepreneurs
taking their business to the next level, specifically in the Technology and Financial
The firm is focused on long-term value creation, with a particular emphasis on
investing in human talent, exploring international opportunities and forging
This investment is a testimonial to the trust our clients have granted us all these
Accordingly, it was important to choose a partner that understands our business
and values our achievements and people.
Mawarid's involvement will be primarily focused on seizing growth opportunities,
here and internationally, and investing in our solutions and capabilities.
This year, Joe Faddoul will be gradually handing over its responsibilities of CEO to
Mr. Raji Challita, but will remain significantly involved for three years as part of
the board of directors.
Raji, a pillar of the BML family and an accomplished executive, has all the
necessary skills and experience to ensure the smooth continuation and growth of
our business alongside our new partner.
Laurent Maksoud, Bachelor in Computer and Telecommunications
Engineering from USEK, joined our company on 12th of February as
DBA Services Manager.
Maya Belouh, Master's degree in Business
Computer from USJ, joined our company on the
1st of March as Assistant Product Manager in the