Mr. Nawaf Al-Kooheji, CEO of Tenmou, revealed; The first company to work with the concept of “angel investment” in Bahrain. The company has invested, over ten years since its inception, about $ 1.5 million in 25 startups operating in various fields with promising growth prospects.
Al-Kooheji said in a statement on the occasion of the 10th anniversary of the founding of “Tenmou” that the company is currently focusing on developing its strategy and adapting its business model to the developments taking place at the local, regional and international levels, by exploring the search for emerging opportunities, and exploring investments characterized by creativity and the possibility of development. And cooperation with investors in order to support and guide emerging companies with added value that are able to create job opportunities and accelerate progress and growth for the national economy.
He added that “Tenmou” continues its work to invest in companies with an innovative brand that have viable products or services, have a horizon for growth, focus on technology and are based in the Kingdom of Bahrain. “We look forward to giving entrepreneurs with innovative projects a greater opportunity to succeed through The support and guidance provided by our shareholders, all of whom are prominent businessmen.
Al-Kooheji talked about the company’s endeavors to attract more business angels, who are successful businessmen ready to take the high risks involved in investing in new companies, and to provide those in charge of them with the expertise, skills and knowledge that would ensure their growth and competitiveness, including the development of products, services, operating models, marketing and others.
He stressed that the “Tenmou” company is keen to strengthen cooperation with all partners for this, including the Al-Amal Fund, the Economic Development Board, the Tamkeen Labor Fund, the Ministry of Commerce, Industry and Tourism, and the Bahrain Chamber of Commerce and Industry, in order to achieve common goals in supporting innovative entrepreneurs and companies. In a way that contributes to developing the economy and diversifying sources of national income within the framework of the Kingdom’s Economic Vision 2030.
It is noteworthy that the “Tenmou” company was launched in the Kingdom of Bahrain in 2011 with a capital of $ 2.6 million, pumped at that time by 16 individual and entity investors from within the Kingdom of Bahrain, and focuses on providing financing opportunities for high-potential and creative entrepreneurs residing in Bahrain who have reached The feasibility stage of their business trip.
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