Saudi AQAR plans up to $480,000 strategic investment in Syria’s Doushesh
Wamda
- 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 Odabashi, Doushesh provides a classifieds marketplace, covering real estate, vehicles, electronics, furniture, jobs, and services.
- The investment is intended to support the growth and expansion of Doushesh’s classifieds platform in Syria, with a wider focus on digital infrastructure in the real estate and classified advertising sectors.
- Earlier this year, Doushesh closed a pre-seed funding round.
Press release:
Saudi Arabia-based real estate platform AQAR has signed a memorandum of understanding with Syrian classifieds company Doushesh, paving the way for a strategic investment of up to $480,000.
Under the proposed transaction, AQAR will invest through a Simple Agreement for Future Equity (SAFE), with the funding to be provided in tranches linked to Doushesh achieving agreed growth milestones.
The investment is intended to support the development and expansion of Doushesh’s classified advertising platform, which serves the Syrian market.
The agreement also seeks to support the development of digital infrastructure for the real estate and classified advertising sectors, as Syria’s entrepreneurial ecosystem begins attracting greater regional interest.
The MoU was signed by Ibrahim Al-Shehail, CEO of AQAR, and Alaa Al-Din Zarzour, CEO of Doushesh.
