All Over Group’s Khaled Al Refaai acquires 25 pre cent of Blockat for $3.6 million
Wamda
- Khaled Al Rafaai, CEO of Kuwait-based media production company All Over Group, has acquired 25 per cent of e-commerce platform Blockat, in a deal valued at $3.6 million.
- Founded in 2021 by Thamer Al Thamer, Blockat sells various products that cater to the needs of parents and their children.
Source: Waya
All Over Group has announced that its CEO, Khaled Al Rafaai, has acquired 25% of Blockat, Kuwait’s e-commerce platform.
The deal, which accounted for $1.12m Kuwaiti dinars equivalent to $3.6m US dollars, also includes plans to list the platform on the stock exchange.
It is worth mentioning that All Over Group is a Kuwaiti media production company, while Blockat is an e-commerce platform focusing on products for kids and teenagers in specific.
“This strategic partnership between Blockat and All Over Group is considered the start of a new era for integrating E-commerce and the content industry with artistic production and advertising, with the aim of creating a unique case of artistic creativity that reflects the rapid spread and expansion of the customer base in the region.” commented Blockat via Linkedin.
