11:11 AM | 24 Oct 2019

Successful DarkMatter Group Trajectory leads to Multiple Private Equity Buyouts

Purchase agreements underway with multiple parties leading to Faisal Al Bannai divesting his ownership stake in DarkMatter Group by year end.

Abu Dhabi, October 24, 2019: Faisal Al Bannai today announced that he is in the process of concluding  purchase agreements with multiple parties to divest all DarkMatter’s assets and capabilities in the UAE and internationally. The purchase agreements are expected to be concluded by year end. Details of the transactions were not disclosed.

 

The announcement follows a successful trajectory for DarkMatter Group as a leading and widely respected digital entity in the field of digital transformation, secure communications, and cyber resilience throughtout the industry and region.

 

Faisal Al Bannai, Founder and Managing Director of DarkMatter Group, said: “In less than five years we have been able to build essential and trusted digital enablement, cyber resilience, and secure communications capabilities enriching the lives of many, both here in the United Arab Emirates and beyond. We can be proud of these foundations and confident that the new owners will continue to build upon these achievements in the future.”

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