Ayen, a Saudi-based platform in real estate inspection and appraisal solutions, has announced the acquisition of Elmawkaa, an Egyptian startup, in an undisclosed deal.

More to Know:

• Ali Mohsen founded Ayen in 2017 to provide real estate insertion solutions.
• This acquisition will help Ayen expand into new markets.
• Ayen said it’s preparing for pre-IPO and developing real estate financing and insurance solutions.
• Previously, ElMawkaa has secured investments from Oqal, Flat6Labs, 500 Global, Hub71, Taqadam, Injaz, and angel investors.