MerchantBridge Launches New Fund for Iraqi Market

MerchantBridge has made a significant move in the Iraqi market with the launch of a new fund. This fund is designed to support local businesses and entrepreneurs, providing them with the necessary resources to grow and thrive.

The fund will focus on investing in small and medium-sized enterprises (SMEs) in Iraq, with a particular emphasis on women-led businesses. By doing so, MerchantBridge aims to promote economic growth and development in the region.

MerchantBridge has a proven track record of success in the Iraqi market, having established a strong presence in the country over the years. This new fund is a testament to the company's commitment to supporting the local economy.

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MerchantBridge was founded by Basil Al Rahim in 2001, with a number of wealthy figures from Arab and Gulf countries as partners.

The firm's origins lay in an earlier private equity firm, Safron Advisors, which had been founded in 1998 and covered the Middle East, North Africa, and Turkey.

MerchantBridge expanded into corporate finance and government advisory work within a couple of years of its founding, seeking to embody a foreign direct investment aspect.

Its headquarters were located on Sloane Street in the Royal Borough of Kensington and Chelsea within London.

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MerchantBridge was founded by Basil Al Rahim in 2001, with a number of wealthy figures from Arab and Gulf countries as partners. He came from a wealthy Iraqi family and had previously worked for The Carlyle Group.

The firm's origins lay in an earlier private equity firm, Safron Advisors, which had been founded in 1998 and covered the Middle East, North Africa, and Turkey.

MerchantBridge expanded into corporate finance and government advisory work within a couple of years of its founding.

Merchant Bridge has launched a fund to invest in Iraqi equities, specifically targeting the growth of the Iraqi Stock Exchange (ISX).

The fund, called the Mesopotamia Equity Fund Ltd, is an open-ended investment vehicle that aims to capitalize on the long-term growth of the ISX.

Merchant Bridge, the international private equity group behind the fund, has diverse investment interests operating from Iraq, Lebanon, the United Arab Emirates, and the United Kingdom.

The company's experience and expertise in the region will likely play a significant role in the success of the Mesopotamia Fund.

Merchant Bridge has a presence in multiple countries, including Iraq, Lebanon, the United Arab Emirates, and the United Kingdom.

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