SYM discusses investment deal with Shorooq partners

MG News | December 20, 2024 at 12:45 PM GMT+05:00

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December 20, 2024 (MLN): Symmetry Group Limited (PSX: SYM) is in active discussions with Shorooq Partners, a UAE-based venture capital firm, as part of its ongoing efforts to find a strategic investment partner for its AI-powered video production platform, Vidfy. al, as reported by the company's filing to PSX.

The company has received a Term Sheet from Shorooq Partners, which will serve as a foundation for further developments in this matter.

With the global generative AI market expected to exceed $110 billion by 2030, Vidfy,

SYM AI-powered video production platform, is well-positioned to meet the growing demand for scalable and localized video content.

Shorooq Partners is an alternative investment firm based in Abu Dhabi, United Arab Emirates, focusing on venture capital and private credit investments across the Middle East and North Africa (MENA) region including Pakistan.

Symmetry Group Limited is a leading digital technology and experiences company specializing in the transformation and digitalization of critical business functions.

Its expertise spans digital strategy, transformation, artificial intelligence, digital commerce, data science, mobility, retail/research, and interactive marketing.

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