Investcorp has expanded its footprint in the technology sector with the acquisition of a stake in UAE-based IT distributor Metra, marking another move by the Bahrain-headquartered investment manager into businesses benefiting from the rapid adoption of digital technologies and artificial intelligence across the region.
Financial details of the transaction, including the size of the stake acquired, were not disclosed.
Metra has built a strong presence across the Middle East and North Africa, operating in the UAE, Saudi Arabia and Egypt while serving customers throughout the wider region. The company surpassed $1 billion in revenue during 2025, supported by a portfolio that spans artificial intelligence solutions, cybersecurity offerings and data centre technologies.
Metra Chairman Tarek Eissa said the new investment will provide the capital needed to support the company’s next phase of expansion while helping advance plans toward a future public listing.
For Investcorp, the deal represents the fourth investment completed through its Saudi Pre-IPO Growth Fund. Previous investments from the fund include Saudi cloud services provider NourNet, technology-driven logistics platform TruKKer and Saudi ecommerce company Salla.
Managing approximately $62 billion in assets, Investcorp has increasingly focused on opportunities tied to digital transformation, with the Metra investment reinforcing its strategy of backing technology businesses positioned for long-term growth across the Gulf and broader MENA region.
