Maktoob acquires leading stock market and business site

As per the terms of the purchase agreement, Maktoob Group commands henceforth a 100% stake in the company. Top officials of Maktoob Group pointed out that the acquisition would allow Uaesm.com to harness the aggressive business strengths and penetration of Maktoob.com.

In line with Maktoob group's strategy to forge unique alliances with key online media organizations to broaden its reach to the Arab online community, this strategic purchase will deliver a more compelling business experience to users in the Arab world.

Commenting on the acquisition, Maktoob Group CEO Samih Toukan said: "It's a great opportunity for Maktoob Group, as it will add on top of our existing business users more than 200,000 unique visitors and 4 Million page views per month from the UAE and the Gulf region in general."

"I am excited about this value that will be added to Maktoob Group's business entities such as Maktoob business or Maktoob Research, as this will add a larger platform of Arab business users from the UAE and the region and will allow us to offer our clients a wide bouquet of business services" Toukan added.

This latest development is among a series of Maktoob Group's latest acquisitions that have propelled the company as the leading player in the region's Internet industry and prepared it for an exciting new era of unprecedented growth. Toukan added that since its establishment, Maktoob had always believed in promoting and building portals that would allow the widespread use of the Internet in the Arab world.

Based in the UAE, Uaesm.com has evolved as one of the favorite stock market and business destination for online users providing them with a platform for stock market and business news and community tools.