VentureX signs investment management agreement with Advert on Click

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Through this agreement, VentureX should prepare all financial data, documents and legal contracts relevant to the investment process in Advert on Click and offer them to selected investors in the Middle East with the potential to include some companies outside the region.

Advertonclick.com was recently launched in the Middle East and North Africa markets, in a first phase, and works in the global advertising industry, specializing in the provision of marketing services and the sale of various spaces advertisements to advertisers and marketers. The company plans to expand into all global markets and further develop the platform using machine learning and AI technology.

The first of its kind in the world, the Advert on Click platform gives the advertising industry a new dimension thanks to the services it provides to all traditional and modern advertising media, while also serving advertisers and advertising agencies.

The platform is in effect an open digital marketplace for all types of advertising media including print, broadcast, digital media, display, point of sale and promotion, etc. By offering tools directly to advertisers, the platform helps familiarize them with new means of advertising and opens a communication channel for both parties. It surely saves time, effort and cost for everyone.

Commenting on the memorandum, Yousef Hamidaddin said, “At VentureX, we always seek to provide assistance in transforming innovative and competitive ideas into solutions that can improve the quality of life for people and businesses, and help sustain business economies. . This is done by adopting the ideas generated by emerging businesses, after studying and analyzing them and their economic feasibility and future vision and providing support that would contribute to the success of these new businesses.

“Advert on Click has the creative ideas and the vision for the future that can help it become one of the most successful companies in the global advertising industry,” Hamidaddin added. “Year after year, this sector is developing remarkably considering the pressing need that is associated with all sectors of life and economy and that all companies must revere it if they want to ensure the sustainability of their work, because the Advertising is an integral part of any marketing process, which all industries need.

For his part, Fahed Aldeeb said: “We are delighted to work with VentureX, which is one of the leading companies in the investment management industry in the Middle East. We appreciate their confidence in what we have achieved so far for Advert on Click, which currently has data from over 2,200 media from Arab countries alone.

Aldeeb also pointed out that the global advertising industry is growing at least 5% annually and the volume of spending exceeded $720 billion in the past year (2021). North America alone accounted for 60% of global ad spend (according to a Statista Company report). This encourages us to expand the reach of the platform in the North American and European markets in the coming phase. »

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