Crescent Enterprises

Last updated

Crescent Enterprises
Industry Conglomerate
Area served
Worldwide
Key people
Badr Jafar
(chief executive officer)
Products
Website crescententerprises.com

Crescent Enterprises is a multinational company headquartered in the Emirate of Sharjah, United Arab Emirates. The company operates through four platforms: CE-Operates, CE-Invests, CE-Ventures, and CE-Creates, across sectors that include ports and logistics, food and beverages, and business aviation, as well as across business verticals, such as private equity, venture capital, and business incubation. [1]

Crescent Enterprises, created in 2007, is a subsidiary of the Crescent Group, a family business group operating in the MENA region since 1971. The Crescent Group's other subsidiary, Crescent Petroleum, is a privately-owned upstream oil and gas company in the Middle East. [2]

Crescent Entreprises operate Gulftainer, a privately-owned port management company, which manages ports in the UAE, Saudi Arabia, Iraq, and the United States. [3]

The corporate venture capital unit was established in 2017 and invests in early- to late-stage startups with focus on tech-enabled solutions. [4] Companies CE-Ventures invested in include NerdWallet and cloud kitchen platform Kitopi. [5] In 2018, CE-Ventures acquired a minority stake in Dubai-based logistics company Transcorp. [6]

See also

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References

  1. Sharma, Alkesh (9 May 2021). "Sharjah's Crescent Enterprises plans to invest Dh1bn in start-ups by 2022". The National. Retrieved 1 May 2023.
  2. "Crescent launches $150m venture capital division". Saudi Gazette. Retrieved 9 March 2018.
  3. "Gulftainer handled operations in record time at Iraq port". gulfnews.com. Retrieved 1 May 2023.
  4. "'A recession is a good time to make startup investments', says CE-Ventures Tushar Singhvi". gulfnews.com. Retrieved 1 May 2023.
  5. "Crescent Enterprises to double its investments in start-ups to Dh1 billion by 2022". gulfnews.com. Retrieved 1 May 2023.
  6. Staff, Entrepreneur Middle East (27 November 2018). "CE-Ventures Acquires Significant Stake in UAE-based Transcorp". Entrepreneur. Retrieved 1 May 2023.