AQAR Signs MoU with Doushesh for Strategic Investment of Up to $480,000
Saudi application company AQAR, headquartered in Riyadh, and Syrian company Doushesh have signed a Memorandum of Understanding (MoU) paving the way for a strategic investment of up to $480,000. The investment is set to support and expand Doushesh’s classified advertising platform serving the Syrian market.
The investment will be made through a Simple Agreement for Future Equity (SAFE), with funding to be deployed in tranches tied to the achievement of agreed growth milestones. The structure is designed to support the expansion of Doushesh’s classified advertising platform in the Syrian market.
The MoU was signed by Ibrahim Al-Shehail, CEO of AQAR, and Alaa Al-Din Zarzour, CEO of Doushesh, reflecting a shared vision to build leading digital infrastructure for the real estate and classified advertising sectors in the region.
The partnership marks a new strategic step in strengthening Syria’s entrepreneurial landscape, while opening broader prospects for the development of digital infrastructure across the region.
