Eversheds Sutherland advises OpenSooq.com

Eversheds Sutherland has advised OpenSooq.com on the USD24 million funding round led by the Saudi Jordanian Investment Fund, with the participation of existing international and regional investors; FJ Labs, and iMENA Group.

OpenSooq.com is a leading mobile classifieds marketplace operating across the Middle East and North Africa region (MENA), connecting millions of buyers and sellers without intermediaries. OpenSooq.com aims to empower people and small and medium-sized companies to realize the economic opportunity with over 2.5 billion monthly pageviews.

Eversheds Sutherland’s head of corporate Middle East, Nadim Kayyali, said, “Our relationship with Opensooq.com extends back to the very early days of the company, so we are very happy to have had the opportunity to assist the team with this round of funding as well. We look forward to providing OpenSooq.com with the support it needs in the future as it continues to grow and prosper.”

OpenSooq.com’s co-founder and CEO, Adey Salamin, said, “Eversheds Sutherland has been an important part of OpenSooq.com’s journey. We really appreciate the high-quality support and advice that we have been given by the Eversheds Sutherland team at every stage of this fundraising process.”

The Eversheds Sutherland team was led by Nadim Kayyali, partner, with support provided by Ramzi Noursi, senior associate and Mayce Khayri, associate.