https://arab.news/b7mhk
DUBAI: Mohamed Khammas, CEO of Al Ahli Holding Group, said that startup businesses are an excellent opportunity for investment in venture capital funds and microfinance banks.
During an interview with Arab News at the Top CEO event in Dubai, Khammas Mohamed Khammas, CEO of Al Ahli Holding Group, highlighted that startups are a good investment idea because the “ticket size is smaller, and the product ranges are higher.”
Khammas pointed out the risks that arise for startups are not in their early stages but rather when they become successful.
“The challenge is not when they’re trying to have a major impact on the economy; the problems occur when they become successful. All of those are calculated risks,” he said.
Khammas continued to add that regardless of these risks, investing in new, innovative startups is “absolutely the best opportunity.”
Also, during his talk at the event, Khammas urged banks to fund new and innovative products and ideas in the area after he shed light on how banks are hesitant to invest in creative ideas.