- Kuwait-based proptech Sakan has acquired the Qatari company Hapondo for an unknown amount.
- Founded in 2016 by Abdullah Al-Saleh, Sakan is a real estate marketplace with a presence in Kuwait, Saudi Arabia, Oman, and Bahrain. Meanwhile, Hapondo, founded in 2019 by Ahmad AlKhanji, is a real estate marketing platform that offers a comprehensive map and photo search for residential untis in Qatar.
- This acquisition aims to expand Sakan’s services in Qatar by leveraging Hapondo’s network and relationships with clients and real estate developers.
Sakan, a Kuwaiti real estate technology company, has announced its acquisition of the Qatari company Hapondo as part of its strategy to expand into the Qatari real estate market.
Hapondo is a specialised real estate marketing platform focused on offering real estate products and services while providing an exceptional experience for property seekers by connecting real estate companies with customers. Hapondo is known for its ability to analyse real estate data and produce comprehensive reports and accurate evaluations based on reliable data.
Sakan currently operates in several Gulf countries, including Kuwait, Saudi Arabia, Oman, and Bahrain. With this acquisition, the company will be able to expand its operations to include the Qatari market.
This acquisition aims to achieve several strategic objectives, including expanding Sakan’s services in Qatar by leveraging Hapondo’s extensive network and strong relationships with clients and real estate developers. The merger also seeks to enhance the level of innovation by integrating the technologies of both companies, which will contribute to providing advanced real estate solutions and improving user experiences.
In this regard, Mr. Abdullah Al-Saleh, CEO of Sakan, stated, “We are delighted to welcome Hapondo to the Sakan family. Together, we will offer a broader and more user-friendly platform, enhancing the value of our services for our clients across the GCC countries. This partnership will help us provide better services and expand our growth in the region.”
On the other hand, Ahmad AlKhanji, CEO of Hapondo, expressed his optimism about the deal, saying, “This merger aligns perfectly with our vision to bring about a transformative change in the real estate market in Qatar and beyond. We will continue to enhance transparency in the real estate sector, and we look forward to the promising opportunities this collaboration will bring.”