Cledor Acquisition: Amwaj Secures 18% Stake at $100M
Deal News | Apr 23, 2025 | Zawya
Amwaj International has acquired an 18% stake in Cledor, a Dubai-based development firm, reflecting its strategic expansion into the UAE's dynamic real estate market. The transaction, which dictates a post-money valuation of $100 million for Cledor, is set to bolster the company's capabilities in managing real estate ventures in the region. Cledor, under the leadership of its founder Omar Gull, has quickly asserted its presence by securing AED 2.30 billion in gross development value and developing over 1.30 million square feet in projects within a single year. This financial influx from Amwaj will enhance Cledor's ability to attract top-tier talent and support its operational expenditures. The collaboration aligns with the upward trajectory of Dubai's real estate sector, which in 2024 saw transactions surpass AED 760.70 billion. The market's growth is fueled by foreign direct investments, a rising demand for luxury properties, and favorable regulatory conditions. Namir El Akabi, Founder and Chairman of Amwaj, highlights Cledor's rapid growth as evidence of its potential and expresses enthusiasm for this partnership.
Sectors
- Real Estate
- Private Equity
Geography
- United Arab Emirates – The primary focus of the article is on the real estate market in Dubai, UAE, where the investment and subsequent developments are taking place.
- Dubai – Specific to the city, Dubai's real estate sector provides the backdrop for this transaction, noted for its high transaction volumes and growth potential.
Industry
- Real Estate – The article focuses on real estate activities in Dubai, highlighting the investment and developmental strategies of a development firm and a private equity company in this sector.
- Private Equity – Amwaj International's investment in Cledor represents a move typical of private equity strategies, where PE firms acquire stakes in companies within burgeoning sectors.
Financials
- $100 million – Post-money valuation at which Amwaj International acquired an 18% stake in Cledor.
- AED 2.30 billion – Gross Development Value secured by Cledor in under a year.
- AED 435 million – Gross Development Value of Cledor's first development, which sold out in four days.
- AED 760.70 billion – Total real estate transaction values achieved in Dubai in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Amwaj International | Bidding Company/Buyer | Company | A private equity firm making strategic investments in growing markets like UAE's real estate sector. |
| Cledor | Target Company | Company | A Dubai-based development firm engaged in real estate ventures within the UAE. |
| Omar Gull | Key Person | Person | Founder of Cledor, responsible for spearheading its rapid growth and development achievements in the real estate market. |
| Namir El Akabi | Key Person | Person | Founder and Chairman of Amwaj Group, overseeing strategic investments and expansion into new markets. |