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Dsquares Acquires Majority Stake in Prepit to Revolutionize Loyalty Solutions for the Region’s SMEs

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Riyadh, KSA, 29 January 2025 – Dsquares, a leader in loyalty and rewards solutions, has announced its strategic acquisition of a majority stake in Prepit, a B2B SaaS loyalty platform specializing in AI-driven solutions for SMEs in the food & beverage (F&B) and e-commerce sectors. This acquisition builds on Dsquares’ proven expertise in the loyalty sector across the Middle East, including key markets such as Saudi Arabia, Egypt, and the UAE.
The Saudi loyalty market is projected to grow at a CAGR of 8.5% from 2024 to 2028, reaching $1.59 billion by 2028. The F&B loyalty market alone is anticipated to hit $176 million by 2026, driven by high smartphone penetration (97%) and rapid digital transformation in the Kingdom.
Marwan Kenawy, CEO of Dsquares, remarked, “This acquisition is a defining moment in our journey to empower SMEs with transformative loyalty solutions. By integrating Prepit’s AI-powered platform into our ecosystem, we are reshaping how businesses connect with their customers. This partnership reflects our commitment to aligning technological innovation with sustainable growth, enabling businesses to deliver unparalleled customer experiences while gaining actionable insights to drive measurable success.”
Karim Hussein, CEO of Prepit, said, “By aligning with regional goals such as Saudi Arabia’s Vision 2030, this collaboration reinforces a commitment to driving sustainable economic growth and fostering innovation across the region. We aim to address the increasing demand for hyper-personalized and gamified loyalty programs, essential for businesses aiming to enhance customer engagement and retention in a rapidly evolving industry”.
Empowering F&B Operators Through Data-Driven Insights
Prepit’s platform is renowned for optimizing operations by automating processes like inventory management, menu optimization, and customer segmentation. By leveraging customer data, F&B operators can gain valuable insights that empower them to make informed decisions regarding product development, marketing strategies, and operational improvements. For instance, analyzing customer purchase history can reveal popular menu items, identify trends, and inform decisions about new menu introductions. Similarly, customer segmentation can help tailor marketing campaigns to specific groups, increasing their effectiveness and ROI. Combined with Dsquares’ established expertise in creating impactful loyalty programs, the result is a dynamic synergy that enhances operational efficiency, customer retention, and profitability. The platform’s advanced AI algorithms transform interactions into lasting brand connections, offering highly personalized customer experiences.

Scaling Innovation Across the Region
This acquisition comes at a pivotal time, as the Middle East continues to witness exponential growth in the F&B and e-commerce sectors. With smartphone penetration exceeding 97% in the region and a burgeoning focus on digital transformation, the demand for integrated loyalty solutions is at an all-time high. Dsquares’ vast network, comprising over 16 countries and partnerships with leading global brands such as Vodafone, PepsiCo, and Visa, ensures a robust foundation for scaling this innovative approach across diverse markets.
For consumers, the integration of Dsquares and Prepit introduces a new era of engagement, offering tailored rewards and eco-conscious dining options. Dsquares leverages AI and SaaS technology to provide a comprehensive suite of loyalty and rewards solutions for their clients. By combining Prepit’s SaaS-based platform with its advanced AI engine and automation module built for the F&B sector with Dsquares Campaign Command Center, consumers can experience newly personalized experiences with tailored communication.
AI-powered recommendations utilize advanced algorithms to suggest relevant products, services, and offers to individual customers, increasing the likelihood of conversion and fostering strong brand relationships. As expectations for value-driven experiences grow, the combined platform delivers hyper-personalized rewards and gamified loyalty programs designed to captivate today’s digitally savvy audience. This transformative approach not only enhances customer satisfaction but also establishes businesses as leaders in a competitive landscape.

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Circular Packaging Association Participates as Knowledge Partner at Sustainability in Packaging MENA 2025

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The Circular Packaging Association (CPA) participated recently as a knowledge partner at the Smithers Sustainability in Packaging MENA Summit 2025, held in Dubai. The two-day event convened industry leaders, policymakers, and sustainability experts to explore the latest trends, policies, and innovations shaping the future of sustainable packaging in the region.

CPA board members and representatives from leading industry and trade organizations took part in dynamic discussions that addressed a range of critical topics, including the implementation of Extended Producer Responsibility (EPR) in the UAE as well as similar dynamics in the region, single-use plastic rationalization, and the broader regulatory landscape driving circularity across the MENA.

During the sessions on EPR, speakers underscored the essential role of EPR schemes in accelerating reduction, reuse, and recycling. Emphasis was placed on the value of harmonized regulations—not only within national borders but across the wider region—to enable scalable systems, reduce market fragmentation, and streamline trade.

Industry participants reiterated their commitment to supporting co-design mechanisms, implementing harmonized reporting structures, and working with government stakeholders to build future-ready, effective EPR systems.

“Public-private collaboration is not a luxury; it’s a necessity,” said Sara Jackson, Technical Director at the CPA. “A circular packaging future requires inclusive systems built on two-way dialogue between regulators and private sector players. We must come together to co-create solutions that are technically sound, economically viable, and socially inclusive—aligned with the UAE’s vision for a circular economy.”

The summit also covered key themes such as global frameworks to tackle plastic pollution, the role of advanced recycling technologies in the MENA region, and how brands are leading the way in sustainable packaging. Panel discussions and case studies explored the intersection of policy and innovation, offering attendees actionable insights on driving system-wide transformation.

As the region looks to align environmental goals with economic resilience, the CPA continues to champion evidence-based policy engagement, industry and trade capacity building, and knowledge sharing to support a circular, sustainable  future.

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Al-Safa Group Opens the Newest VERO MODA Store in Saudi Arabia

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Al-Safa Group has announced the official opening of a new VERO MODA boutique in Riyadh.
Located in Cenomi Al Nakheel Mall, the store marks an important milestone for VERO MODA, offering customers an immersive shopping experience that reflects the Danish brand’s philosophy: delivering high-quality fashion at accessible prices, with modern, comfortable designs that celebrate women’s confidence and elegance. With the new store, VERO MODA now spans three locations across the Kingdom: two in Riyadh at Al Nakheel Mall and Al Qasr Mall and one in Jeddah at The Village Mall.
The ribbon-cutting ceremony took place on Wednesday, 21 May, and was attended by Mr. Amro Al Swayeh, Board Member and Chief Executive Officer – Retail Division, Al-Safa Group and Mr. Anshuman Anand, Chief Executive Officer, Al-Safa Brands, as well as distinguished guests, media representatives, and social media influencers.
“We are thrilled to open this new branch in Cenomi Al Nakheel Mall, a vibrant market with a customer base that values contemporary style and quality,” said Mr. Al-Swaih. “The store allows us to move even closer to our customers and deliver a unique, enjoyable shopping experience. This opening is more than just a new location; it is a celebration of the confident, modern woman. We look forward to welcoming everyone and showcasing our latest collections, which reflect global fashion trends while staying true to VERO MODA’s distinctive style.”
Mr. AlSwayeh reaffirmed Al-Safa Group’s commitment to delivering exceptional value through its portfolio of exclusive brands. “Our labels embody our dedication to quality and excellence, thoughtfully designed to meet the diverse needs of our valued customers. Innovation drives our growth, and we continually introduce products that align with the latest trends and the highest standards,” he added.
Founded in 1987, VERO MODA quickly became one of Europe’s leading women’s fashion brands, renowned for its wide range of on-trend apparel, spanning relaxed casualwear to standout dresses and evening pieces, along with accessories and footwear that complete the look.
The new store features VERO MODA’s latest collections of elegant, high-quality garments curated to suit every taste. With carefully selected assortments and personalised service, customers can expect an inspiring, effortless shopping experience.

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Makarem Honors Its Partners in Success from Leading Travel Agencies To Strengthen Its Leadership in Spiritual Hospitality

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Makarem Hotels, a leading Saudi brand specializing in spiritual hospitality, celebrated its valued travel and tourism partners in a distinguished gathering held at Makarem Ajyad Hotel in Makkah for their role in supporting Makarem’s continued leadership and excellence. The event brought together more than 100 guests, including senior representatives from the Kingdom’s most prominent travel agencies.

The recognition underscored the significant role of travel and tourism partners in helping Makarem deliver a seamless and spiritually enriching experience of visiting the Holy Cities, reinforcing Makarem’s position as a premier provider of spiritual hospitality services in Makkah and Madinah.

Amr Al Sunari, Regional General Manager for Makarem Makkah & Dur Hospitality for Hajj at Taiba Investments, commented: “At Makarem, we firmly believe that our partners are integral to our journey of success. This gathering reflects our deep appreciation for their collaboration and marks a key step in strengthening our partnerships as we present our renewed vision for the future of spiritual hospitality”.

The guests included several of Makarem’s most prominent partners from leading local travel agencies, reflecting the strong collaborative partnerships built on mutual trust and shared success.

Opened with a warm welcome reception, Makarem embodied the values of generosity and graciousness. Guests were then treated to an exclusive screening of the brand’s new identity film, “A Journey to the Origins.” The film showcased a refreshed visual identity and future-forward vision that blend authenticity with innovation while staying true to Makarem’s spiritual hospitality roots.

A key highlight of the recognition party was a premium lunch at Zamzam Restaurant, one of Makarem Ajyad’s culinary landmarks, where a curated selection of oriental and international dishes highlighted the brand’s commitment to exceptional hospitality and service standards.

The gathering concluded in an engaging atmosphere that fostered idea exchange and strengthened relationships, a reflection of Makarem’s ongoing commitment to building sustainable strategic partnerships founded on trust and mutual respect. It also underscores the brand’s continuous advancement in the spiritual hospitality by delivering exceptional guest experiences that meet the needs of pilgrims, while aligning with Vision 2030’s goal of positioning the Kingdom as a global tourism destination and enhancing the quality of services provided.

Makarem is one of the hospitality brands under Taiba Investments. Taiba manages currently over 7,700 hotel rooms across the Kingdom and is actively pursuing strategic partnerships with leading global brands. This effort aims to enhance Saudi Arabia’s capacity to attract visitors from around the world and solidify its position as one of the world’s premier tourism destinations.

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