Tarjama secures $5m in Series A funding led by Anova

Nour Alhassan
Updated 18 March 2019
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Tarjama secures $5m in Series A funding led by Anova

Tarjama, a language service provider in the Middle East, has successfully raised $5 million in a Series A funding round led by Saudi-based Anova Investments. 

This strategic investment round will enable Tarjama pursue growth opportunities and scale its business operations. It will also allow the company to further boost its technology platforms, with a focus on Arabic content and translation services. This includes Ureed, the region’s first and only dedicated online marketplace focusing on translation and content services. 

“We are very excited about the possibilities this funding round brings to Tarjama encompassing core service offerings and technology platforms. The strategic partnership with Anova will further strengthen Tarjama’s ability to expand and support its offerings in all markets, especially in the Saudi market,” said Nour Alhassan, CEO of Tarjama. 

Nouf Aljeraiwi, executive director of Anova Investments, said: “Tarjama took the translation industry from a traditional business model to a highly advanced technologically driven platform featuring accuracy, speed and flexibility, all key ingredients in today’s business environment. As Tarjama strengthens its presence in the Saudi market, Anova Investments will support this important phase to accelerate Tarjama’s growth.”

Founded in 2008, Tarjama has a presence in eight countries and, since its founding, has translated over 500 million words. Tarjama’s portfolio offers translation services in over 150 languages, including Asian, African and European language pairs. The company employs over 130 full-time translation specialists and experts at its offices in the UAE, Saudi Arabia, Jordan, Egypt, Lebanon and the US. Since its inception 11 years ago, Tarjama has established numerous partnerships and long-term relationships with public and private sector stakeholders, both regionally and globally. 

Anova Investments is a Saudi investment company with focus on the tech industry in Dubai, Saudi Arabia and the US. Anova is also engaged in developing several public and private sector projects in the Kingdom. Its headquarters are located in Riyadh.

Anova Investments adds several value-added resources to Tarjama and brings access to the Saudi market, enabling Tarjama accelerate resource allocation to emerge as one of the leading forces for language services in the Kingdom.


Bahri strengthens market footprint in Asia-Pacific region

Khalid Al-Garawi, senior manager, Bahri Chemicals.
Updated 21 April 2019
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Bahri strengthens market footprint in Asia-Pacific region

Saudi logistics and transportation company Bahri has announced the expansion of its market presence in the Asia-Pacific (APAC) region’s maritime industry. The stronger presence will help the company gain deeper insights into market trends as well as customer needs in chemicals and logistics sectors in Singapore and the wider APAC region.
The announcement took place at a ceremony held on April 5 at Regent Hotel in Singapore, in the presence of Abdullah Aldubaikhi, CEO of Bahri, and senior executives of the region’s oil majors, petrochemical trading companies and ship brokers.
The expansion will also enable Bahri Logistics and Bahri Chemicals, two of five business units of the company, to market their offerings, acquire new clients, serve existing clients, and channelize the communications. Bahri has plans to expand the services of its other business units to the APAC region in the future.
Bahri CEO Aldubaikhi said: “In our efforts to deliver on Bahri’s vision of connecting economies, sharing prosperity, and driving excellence in global logistics services, we have been actively pursuing the company’s ambitious long-term strategy to drive sustainable growth and expand its market footprint. As a result, we have established a solid presence regionally and globally. Our expansion in the Asia-Pacific region represents a key milestone in our journey, and with this, we have come even closer to our customers, allowing us to serve them better offering a wider range of industry services and unprecedented value.”
Over the past 41 years, Bahri has steadily expanded market presence to cement its position as a global leader in the maritime industry. The company currently has offices in Saudi Arabia, UAE, US and India, in addition to a vast network of agents across the Middle East and Africa, US, Europe, and Asia.
Bahri Chemicals is the largest owner and operator of chemical carriers in the Middle East, serving 150 ports worldwide. It owns and operates 36 chemical/product tankers with a capacity of 1.1 million DWT designed to the highest specifications, capable of carrying a wide range of chemical cargoes. The first business unit within Bahri, Bahri Logistics, is one of the top 10 breakbulk carriers in the world and operates six new state-of-the-art multipurpose vessels with 26,000 DWT each on a regular liner schedule.