Foodics, a technology firm serving restaurants in the Middle East and North Africa, recently bought an equity stake of unspecified size in POSRocket, a point-of-sale (POS) platform supporting businesses in the food, beverage and other industries. Foodics purchased the holding from the Sanad Fund for MSME, a Luxembourg-domiciled investor in micro-, small and medium-sized enterprises (MSMEs), which Sanad had held it through its second equity sub-fund (ESF II). Subsequent to the deal, POSRocket’s customers
