UAE-Based Khazna to Launch SPAC in 2024

Financial services startup Khazna is planning to establish a SPAC in collaboration with international investors in 2024, Khazna’s co-Founder and CEO Omar Saleh told Shorouk News.

The company is also seeking local and international IPOs, Saleh added.

The top official revealed negotiations and primary studies with four public and private banks to offer new fintech services in 2022, including saving, lending, and car loans.

Khazna is discussing partnerships with the four banks to offer the new services, Saleh unveiled, noting that agreements could be reached in 2022.

Saleh said that Khazna is considering the acquisition of three technology companies in the local market, but he did not give more details. Read more.

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