Yemeni Social Rating Site Acquired by an Investor from Qatar

13 Jun, 2010, a social rating platform from Yemen was acquired by an investor from Qatar for an undisclosed amount., which was founded by Amad Almsaodi in 2008, is built around a very simple yet really interesting idea: putting any two comparable things against each other, and letting people vote on which they like best.

In a  press release sent to ArabCrunch the Investor, Ahmad Alaji, said: “We see huge opportunities in what offers; it’s innovative, unique, and it adds value to the consumers. We were first interested in using the platform for advertising, and as we learned more about the technology and the company operations we saw a very interesting opportunity and lots of room for growth and profit.”

Amad Almsaodi who spoke on ArabCrunchStart event in Seattle in Washington, USA  said, “We are excited about the new possibilities that are awaiting Our team is currently focused on An Innovative Real Estate Marketplace for the Middle East; so the timing of this acquisition was perfect for both parties.”

Congrats Amad 🙂

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  1. Moataz Younes  |  June 13th, 2010 at 5:46 AM #

    I remember that day the owner introduced in nameclub forum,it was august 2008, Really I expected a successful future for it.

    well done 🙂

  2. Gaith Saqer  |  June 13th, 2010 at 7:54 AM #


  3. M  |  June 13th, 2010 at 1:12 PM #

    Breaking!!? really?

  4. Ammar  |  June 13th, 2010 at 10:44 PM #

    Congrats to Ras2Ras team.

    But I have to agree with @M. While I really appreciate AC coverage of this type of stories, this is not breaking news in any way.

  5. Gaith Saqer  |  June 14th, 2010 at 1:30 AM #

    ok sorry i removed breaking title

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