Tuesday, March 1, 2016

Zain buys majority stake in local digital provider FOO. Plans for regional expansion, senior staffing


The Kuwait-based telecom operator Zain Group has acquired a majority stake in FOO, a local mobile app developer and digital service provider.

FOO plans to open offices in Kuwait, the United Arab Emirates, and Saudi Arabia over the coming two years, in order to serve its local clients, said Managing Partner, Elie Nasr.

The company will keep its headquarters in Lebanon.

Nasr said they are recruiting senior managers, in order to be able to handle the growth triggered by the a...

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