UAE's Maalexi secures Shariah-compliant facility to boost GCC food security
Maalexi, a UAE-based B2B food and agriculture platform, has secured a Shariah-compliant credit facility of up to $20 million from Amwal Capital Partners (ACP) to expand its operations and strengthen regional food security.
The agreement begins with an initial $5 million tranche and will support Maalexi’s plans to scale its technology-driven platform, enabling thousands of small and medium enterprises (SMEs) to participate in cross-border food and agri-trade.
Dr. Azam Pasha, CEO of Maalexi, said that the financing will accelerate the deployment of AI, IoT, and blockchain technologies to improve risk intelligence, trackability, and secure documentation in food trade.
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Muhammad Ali Bandial