Al Tayyar Travel Group (1810.SE) has acquired 33.3% of Jumia Middle East, the company operating the online retail platform Wadi.com, for EUR30 million (SAR125.6 million) by leading  the latter’s EUR60 million capital increase. Al Tayyar’s share of the capital increase was financed internally, with the  acquisition expected to have an impact on 2Q2016 results (the deal does not include any related parties). Wadi.com currently operates in Saudi Arabia and the UAE, with plans to expand further in Middle East markets. The website is one of the region’s fastest growing online stores, offering 150,000 products from 25 product categories (electronics, men’s apparel, cosmetics and games) produced by 2,000 international brands including Boss, Apple, Samsung and Lacoste. The company noted that the investment is one of the largest in early funding  for technology companies in the region, seeking to raise capital only ten months after the company’s launch. (Company disclosure)