📺 Stream EntrepreneurTV for Free 📺

Four MENA Startups That Nailed An Investment These four startups all have one thing in common: they managed to pitch successfully for investment by Jabbar Internet Group.

By Samih Toukan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

These four startups all have one thing in common: they managed to pitch successfully for investment by Jabbar Internet Group. Chairman Samih Toukan's primary reason for injecting capital into these MENA startups? "They all have a great team, and unique business models in our region."

1. Arabiaweather.com This site offers free subscription for local weather news, and some news on topics like nature, science, climate, health, ecosystems, and space.

2. Officerock.com This site is an online marketplace based in UAE for office needs catering to SMBs and larger entities.

3. Instabeat.me Founded by a swimmer, this wearable tech startup was developed to monitor heartrate and swimming performance. It's essentially a Fitbit for watersport enthusiasts.

4. Designer-24.com Users can rent high-end designer attire, with free delivery and pickup. The user is sent two sizes of the same gown to determine the best fit.

Learn more what Chairman Samih Toukan looks for in a startup pitch.

Samih Toukan

Chairman, Jabbar Internet Group

In the year 2000, Samih founded and became the CEO of Maktoob.com, the world’s first Arabic email and largest Arab online community with over 16 million users. In 2009, Maktoob was acquired by Yahoo! in the largest technology acquisition deal in the history of the region.

Following the acquisition, Samih became the Chairman of Jabbar Internet Group (Jabbar.com) a group that founded several leading Internet companies including souq.com, the Arab world's largest ecommerce site. Jabbar today is one of the leading investors in Internet and technology companies in the region.

Samih holds a Bachelor’s degree in Electrical Engineering from the University of London and a Masters in Management and International Business from HEC University in France. He has several years of experience with Andersen Consulting in technology consulting, systems development and Internet services. He co-founded Business Optimization Consultants in 1994 and Maktoob in 2000.

Between 2003 and 2005 , Samih was appointed by the Jordanian government as a member of the board of the Social Security Investment Fund (a fund of several billion Dollars). Today Samih is an active investor, investing in many startups in the region and around the world. He also acts as a mentor to many entrepreneurs. Samih is also a founding investor in Oasis500, Jordan’s leading startup incubator.

Furthermore Samih is the Chairman of the board of UnderMyOliveTree, a non profit organization focusing on education support for the unprivileged, and an investor and a member of the board of Ruwwad Micro Venture Fund, which provides grants for entrepreneurs in marginalized communities in Jordan.

Thought Leaders

It's the End of the Entrepreneurial Era As We Know It

With the rise of advanced technologies and AI, are we losing all sense of the independent business person and entrepreneur?

Side Hustle

He Started a Luxury Side Hustle at Age 13 — Now the Business Earns More Than $10 Million a Year: 'People Want to Help You When You're Young'

Michael Morgan, now the owner of Iconic Watch Company, always had a passion for "old things" — and he turned it into a lucrative venture.

Business News

James Clear's Atoms App Promises to Help Break Bad Habits and Create Better Ones — Here's How It Works

The app turns Clear's best-selling book, "Atomic Habits," into something actionable.

Business News

James Clear Explains Why the 'Two Minute Rule' Is the Key to Long-Term Habit Building

The hardest step is usually the first one, he says. So make it short.

Leadership

Building Lasting Success: The Importance Of Ethical Sales Practices

The importance of ethical sales cannot be overstated, particularly in a digital age where social media reigns supreme, and online reviews can make or break a business.

Growth Strategies

Trust The Process: Claudio Leenders, Founder, Leen's

Leenders is someone who has seen his life play out in Central America, South America, Europe, Australia, and now the Middle East, and as such, he has a plethora of stories, insights, and experiences to share.