Saudi AQAR plans up to $480,000 strategic investment in Syria’s Doushesh
Saudi Arabia-based real estate platform AQAR has signed a memorandum of understanding with Syrian classifieds company Doushesh for a strategic investment of up to $480,000. The proposed investment will be structured through a Simple Agreement for Future Equity (SAFE), with the capital to be deployed in tranches linked to agreed growth milestones. Founded in 2025 by Alaaeddin Zarzour and Zafer…
Saudi Arabian real estate platform AQAR and Syrian classifieds company Doushesh have agreed to a strategic investment of up to $480,000. The investment will be made through a Simple Agreement for Future Equity (SAFE), with the funds to be disbursed in tranches contingent upon the company achieving certain growth milestones. AQAR, founded in 2025 by Alaaeddin Zarzour and Zafer Odabashi, will provide financial backing to help Doushesh expand its classifieds marketplace in Syria.
The marketplace caters to various categories including real estate, vehicles, electronics, furniture, jobs, and services. This partnership aims to bolster the growth and digitization of Syria's real estate and classified advertising sectors as the country's entrepreneurial landscape gains traction. The Memorandum of Understanding was signed by AQAR CEO Ibrahim Al-Shehail and Doushesh CEO Alaa Al-Din Zarzour.
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