Page 132 - 7X PR REPORT REPORT DECEMBER 2024

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12/17/24, 2:55 PM 7X signs MoU with SC Ventures during Abu Dhabi Finance Week to empower SMEs in MENA
empower SMEs with scalable, technology-enabled solutions that foster sustainable growth and market
resilience.

Abdulla Mohammed Alashram, Group CEO of 7X, said: “We at 7X firmly believe in the transformative
power of collaboration. The latest partnership with SC Ventures demonstrates our commitment to

empowering SMEs and promoting economic growth across the MENA region. By combining our
knowledge of trade and logistics with SC Ventures' innovative strategies in various sectors, we hope to
unlock new possibilities, maximise value, and redefine the future of entrepreneurship in one of the
world's most dynamic regions.”

Alex Manson, CEO, SC Ventures, said: “This region holds huge potential for the SME sector and SC
Ventures is committed to invest in its growth. Our SME-focused platform in the Middle East and North
Africa region is planned for launch in the second half of 2025. It will facilitate cross border trade and

empower SMEs to grow safely and profitably. Our partnership with 7X will help us unlock the full
potential of SMEs in the region and beyond.”

Additionally, both organisations plan to evaluate strategic alliances, benefiting from their individual
portfolios to jointly develop and implement transformative solutions tailored to meet the specific needs of

the MENA region.

SC Ventures has been at the forefront of transforming the financial landscape, improving client
experiences, and enabling global expansion. This partnership represents a major step towards
redefining the role of SMEs in the region, building resilience, and advancing MENA's overall economic
and social development.

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