Startups

The Bahraini ‘Hope Fund’ Invests in ‘Glamera’ Saudi Arabia to Enhance Beauty Services

The emerging beauty and health care company “Glamera” has announced securing a funding of $350,000 from “Projects of Hope,” the investment arm of the Bahraini Hope Fund, along with private Saudi investors. This announcement came during its participation in the eighth episode of the Bayan reality program dedicated to entrepreneurs.

“Glamera” stands out as an integrated platform offering software-as-a-service to service providers in the beauty and wellness sector.

Ayman bin Tawfiq Al-Muaiad, Chairman of the Board of Directors of the Hope Fund, commented on the investment, stating: “At Projects of Hope, we believe in the capabilities of knowledgeable entrepreneurs in their sectors and in their innovative projects. We see in ‘Glamera’ a leading example of startups seeking to address existing challenges and achieve growth and expansion at the regional level.”

Mohammed Hassan, Co-founder and CEO of Glamera, expressed his delight in participating in the Bayan program and in the support from Projects of Hope and private sector investors.

Razi Al-Marbati, CEO of JFH Capital, the national partner from Saudi Arabia, emphasized the company’s commitment to supporting entrepreneurial growth across the Gulf Cooperation Council countries.

It’s worth noting that the Bayan program is the first joint regional investment platform between the public and private sectors. It aims to support entrepreneurs in the Middle East and North Africa by providing investment opportunities, guidance, and support.

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