UzOman invests in Uzbekistan operations of digital lender Zood

By bne IntelIiNews June 24, 2023

Uzbek Oman Investment Company (UzOman) has invested in the Uzbekistan operations of digital lending platform Zood.

Switzerland-based Zood provides financial solutions in Uzbekistan, Pakistan, Iraq and Lebanon.

UzOman is a JV formed by two wealth funds, namely the Oman Investment Authority (OIA) and the Uzbek Fund for Reconstruction and Development of Uzbekistan (UFRD). The funds did not disclose details of the investments made in Zood.

Mohamed Al Lawati, CEO of UzOman, said: “This investment is part of our ongoing efforts to promote and invest in Uzbekistan's rapidly growing financial sector."

Zood has offices in 10 locations worldwide. It serves more than 10mn users.

ZoodPay, Zood’s fintech arm, offers lending solutions.

Related Articles

Russia seeks bigger share in Libyan energy projects

Russia has confirmed its interest in strengthening energy cooperation with Libya and resumed the activities of the Joint Governmental Committee, targeting a bigger share in energy projects in the ... more

Turkish firm Bonysocks earmarks $50mn to build Egyptian factory

Turkish socks manufacturing company Bonysocks plans to invest $50mn to build a new factory in Egypt, Al Ahram reported on January 12 citing the Turkish Ambassador in Cairo, Salih Mutlu Şen.  ... ... more

PowerChina signs EPC contract to build 1.1GW Suez Wind Project in Egypt

PowerChina has signed an engineering, procurement, and construction (EPC) contract with Suez Wind Energy to build the 1.1GW Suez Wind Project in Egypt's Red Sea Governorate, China Daily reported on ... more

Dismiss