Sirb Angel investor Loulwa Bakr finished the acquisition of shares in Little thinking minds (LTM) today joining the latest funding round of LTM. Loulwa joined a group of old and new investors in this latest club deal totaling to $500. The deal was signed in LTM headquarters in Dubai with entrepreneur and CEO Lamia Altabaa. LTM also got an incubation offer from Badir. The management is now contemplating weather to chose Riyadh or Jeddah, however, they seem inclined to chose Riyadh to be closer to the target governmental market. Lamia expressed her gratitude to Badir, and believed that such on offer would accelerate expansion plans in KSA
Prior to founding EduNation LLC (Edu21), to support regional entrepreneurs in their quest to develop educational products and services with a focus on Saudi Arabia, Loulwa Bakr lead a notable career in the fields of corporate finance and investment banking. Ms. Bakr started in 1997 with Samba Financial Group’s Structured Finance where she developed Saudi Arabia’s first commercial paper programme for local corporations. She later joined the National Commercial Bank where she established and headed their Equity Advisory business. As part of her assignements, she initiated and managed important transactions including groundbreaking IPOs for some of the country’s leading corporations. She later joined the team that established The Capital Group, which was eventually sold to Morgan Stanley. Loulwa Bakr was finally recruited in 2007 by Credit Suisse where she became head of investment banking for Saudi Arabia, with a mandate covering institutional clients across the Kingdom until 2012.
LTM is a digital production company specializing in educational content. It started 8 years ago delivering content via CD’s and DVD’s and paper books. It has recently launched Iqra portal to deliver content online. They have 50 affiliate schools and 250 original authored material.