July 29 - CALO:

• CALO RAISES $39 MILLION (SAR 146.27 MN) IN SERIES B EXTENSION TO ACCELERATE INTERNATIONAL EXPANSION AND AI-POWERED PERSONALIZATION

• ALJAZIRA CAPITAL LEADS $39 MILLION SERIES B EXTENSION FOLLOWING UK ACQUISITIONS BY THE SAUDI HEADQUARTERED CALO

• EXISTING INVESTORS NUWA CAPITAL, AL FAISALIAH GROUP, AND KHWARIZMI VENTURES DOUBLE DOWN; ORASEYA CAPITAL JOINS AS NEW INVESTOR

• EXTENSION OVERSUBSCRIBED, TAKING CALO’S TOTAL SERIES B RAISE TO $64 MILLION (SAR 240 MILLION) AFTER INITIAL $25 MILLION TRANCHE IN 2024 WHICH WAS LED BY NUWA CAPITAL

• CALO ACHIEVES OVER 50% GROWTH IN H1 2025 AND OPENS 10 PHYSICAL STORES ACROSS THE GCC WITH IPO ON TRACK FOR 2027

• GROWTH DRIVEN BY THREE STRATEGIC LEVERS LIKE SEGMENT EXPANSION, MODEL INNOVATION, AND GEOGRAPHIC SCALING

((Reuters.Briefs@thomsonreuters.com;))