Thursday, 30 October 2025
Kamco Invest has acquired a minority stake in Saudi-based Unifonic, a fast-growing customer engagement platform operating across the MENA region. The transaction, made on behalf of Kamco’s clients, strengthens the Kuwaiti investment firm’s exposure to regional technology ventures with near-term IPO prospects.
Founded in 2006, Unifonic provides cloud-based communication services to over 1,700 businesses, processing more than 10 billion transactions annually. The company, which serves banks, retailers, and public institutions, has raised roughly USD 140 million from investors including Sanabil Investments, SoftBank, and STV.
Dalal Jamal Al Shaya, Director of Private Equity at Kamco Invest, said the move “aligns with our focus on growth-stage technology opportunities in markets preparing for listings.”
Unifonic’s CEO, Ahmad Hamdan, said the new partnership would support the company’s preparation for an initial public offering expected within two years.
Analysts see Saudi Arabia’s maturing tech ecosystem and the Tadawul’s active pipeline as strong tailwinds for firms such as Unifonic seeking regional scale.
