Founder Faisal Al Bannai to divest from DarkMatter
Purchase agreements underway to buy out his stake in cybersecurity firm
Faisal Al Bannai, founder and managing director of DarkMatter Group, is in the process of concluding purchase agreements with multiple parties to divest all DarkMatter Group’s assets and capabilities in the UAE and internationally.
The purchase agreements are expected to be concluded by year end. Details of the transactions were not disclosed.
“In less than five years we have been able to build essential and trusted digital enablement, cyber resilience, and secure communications capabilities enriching the lives of many, both here in the United Arab Emirates and beyond,” said Al Bannai. “We can be proud of these foundations and confident that the new owners will continue to build upon these achievements in the future.”