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Injazat exits its investment in Rubicon
DUBAI — Injazat Technology Fund has announced it has exited its investment in Rubicon, an interactive multimedia e-education and 3D animation company, through the sale of its shares to a private investor.
Injazat Technology Fund invested in Rubicon in 2003 with an ownership percentage of 17.78 per cent achieving Internal Rate of Return (IRR) of 48 per cen t for its investors.
Since Injazat Technology Fund's investment in Rubicon, the company has achieved great success, increasing its capacity and operations. Rami Bazzi, Principal, Injazat Technology Fund, said: Injazat is very proud of its accomplishments with Rubicon during this period. He added: Injazat Technology Fund's (ITF) investment in Rubicon is indicative of ITF's commitment to investing in high growth companies and working with skilled and experienced professional management teams to support the ICT sector in the region.
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