Crescent Enterprises
 | |
| Industry | Conglomerate |
|---|---|
Area served | Worldwide |
Key people | Badr Jafar (chief executive officer) |
| Products | |
| Website | crescententerprises.com |
Crescent Enterprises is a multinational company headquartered in the Emirate of Sharjah, United Arab Emirates. The company operates through four platforms: CE-Operates, CE-Invests, CE-Ventures, and CE-Creates, across sectors that include ports and logistics, food and beverages, and business aviation, as well as across business verticals, such as private equity, venture capital, and business incubation.[1]
Crescent Enterprises, created in 2007, is a subsidiary of the Crescent Group, a family business group operating in the MENA region since 1971. The Crescent Group's other subsidiary, Crescent Petroleum, is a privately-owned upstream oil and gas company in the Middle East.[2]
Crescent Entreprises operate Gulftainer, a privately-owned port management company, which manages ports in the UAE, Saudi Arabia, Iraq, and the United States.[3]
The corporate venture capital unit was established in 2017 and invests in early- to late-stage startups with focus on tech-enabled solutions.[4] Companies CE-Ventures invested in include NerdWallet and cloud kitchen platform Kitopi.[5] In 2018, CE-Ventures acquired a minority stake in Dubai-based logistics company Transcorp.[6]
See also
[edit]References
[edit]- ^ Sharma, Alkesh (9 May 2021). "Sharjah's Crescent Enterprises plans to invest Dh1bn in start-ups by 2022". The National. Retrieved 1 May 2023.
- ^ "Crescent launches $150m venture capital division". Saudi Gazette. Retrieved 9 March 2018.
- ^ "Gulftainer handled operations in record time at Iraq port". gulfnews.com. Retrieved 1 May 2023.
- ^ "'A recession is a good time to make startup investments', says CE-Ventures Tushar Singhvi". gulfnews.com. Retrieved 1 May 2023.
- ^ "Crescent Enterprises to double its investments in start-ups to Dh1 billion by 2022". gulfnews.com. Retrieved 1 May 2023.
- ^ Staff, Entrepreneur Middle East (27 November 2018). "CE-Ventures Acquires Significant Stake in UAE-based Transcorp". Entrepreneur. Retrieved 1 May 2023.