Wednesday, January 6, 2016

Berytech Fund invests $20 million. Equity injected in 12 local SMEs


Berytech Fund II has invested nearly $20 million since its inception ten months ago, said Paul Chucrallah, Fund Managing Director. These equity investments were injected in 12 small companies in the telecommunications, digital content, and industrial design sectors, he said.

"This is a breakthrough achieved in such a short period of time as the fund is supposed to invest its capital, amounting to $51.5 million, over a period of four years," Chucrallah said.

The SMEs that the fund h...

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