Barrows, a provider of investment and advisory services for hotels in the Middle East and Africa, said it is considering going public by SPAC merger within twelve months to list on the Nasdaq.
With a SPAC Merger, the company estimates it could be worth over $500 million. Barrows has become known for property development and providing financing of hotel real estate in the Middle East and Africa. The company also provides corporate advice for hotel owners and hotel operators. During the Covid-19 Pandemic, Barrows closed long-term partnerships with investors from Russia, Africa and the United States.
The capital that Barrows would raise with the merger will be used for in-depth investments and making acquisitions within the industry, according to Barrows Chairman Erwin Jager. Read more.
