Rain Financial, a cryptocurrency exchange firm, regulated by the Abu Dhabi Global Market and Central Bank of Bahrain, acquired Saudi-based financial media company: Digital Ma’arefa.
The investment aligns with the company’s goal to expand crypto adoption across the Middle East and North Africa region through financial awareness.
The value of the deal has not been disclosed. Following the acquisition, Ma’arefa’s co-founders Abdullah Mashat, Wael AlMutlaq and Abdullah Fageih, will be joining Rain. Mashat will assume the role of Managing Director.
Ma’arefa’s media team will be integrated into Rain’s operations.
Rain boats over $11B in trading volume and the crypto firm obtained a license from the Central Bank of Bahrain.
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