Saudi family investment office becomes biggest shareholder in Israel’s Ontonomo

Riyadh: Saudi household funding workplace Mithaq Capital SPC turn out to be the biggest shareholder in Israeli mobility intelligence firm Otonomo Applied sciences Ltd.

Its share within the firm elevated to twenty.41 p.c as per July 20 regulatory filling.

Otonomo is just not the primary firm whereby Mithaq Capital SPC grew to become the largest shareholder. Earlier, Mithaq had turn out to be the biggest stakeholder in Israeli digital promoting firm, Tremor Worldwide Ltd.

Mithaq is an workplace for the AlRajhi household which is integrated within the Cayman Islands. The workplace is headquartered within the capital of Saudi Arabia, Riyadh.

Saudi-Israel relations

Though Saudi Arabia and Israel should not have official diplomats, they each are involved about Iran’s function within the area.

It’s assumed that Israel and Saudi Arabia share safety and protection hyperlinks.