Investment

Established in 2018, Modern Baggage Company Ltd is a joint venture between TasHeel and Excess Baggage Co., offering baggage services across the KSA and Middle East.

Excess Baggage Co. was established in 1983 to service the expatriate and foreign student community in London, meeting a market need for overseas baggage delivery following international employment or study.

Numerous requests for unaccompanied baggage drop off facilities at London
Heathrow, led to the company establishing this service at Heathrow Terminal 3 in January 1991. Over the following three years, the service expanded to Terminals 1, 2 and 4. The company later widened its presence to include London Gatwick’s North and South terminals in 1994.

Today, Excess Baggage Co. provides a range of luggage services to travelers in major airports across the UK, Europe and Canada, as well as numerous rail stations in the UK. Services include secure luggage storage, weighing, wrapping and shipping, and lost property recovery. The company also manages retail outlets specializing in high quality luggage and travel accessories from a range of leading brands.

Kitopi stands for Kitchen Operation Innovation. It is one of the world’s fastest-growing venture-backed food tech startups. Kitopi’s managed cloud kitchen network enables food brands to expand their delivery reach without needing to expand their kitchens – Kitopi provides necessary infrastructure and software with minimal capital and time expenditure. Kitopi currently runs more than 30 kitchen networks in New York, London, Dubai, Abu Dhabi, Kuwait and Saudi Arabia with more than 1200+ members of staff.

Kitopi’s founder, Mohamad Ballout is a proven entrepreneur with background in production, operation, holds the vision to give its customers access to the food they want anywhere they are in the world within 30 minutes. He also co-founded and exited BMB MENA’s largest confectionary business that white labels leading global chocolate brands.

GuestReady manages residential properties on behalf of hosts for short-term rentals. They turn vacant residential properties into short-term rental accommodations and then rent them using different online platforms including Airbnb, Booking.com, Expedia’s HomeAway and some offline mediums as well.

Reem Al-Khatib, the Managing Director of GuestReady, holds the vision to help property owners to increase their revenues by delivering a hotel-quality experience to guests. The set of services goes beyond housekeeping and guest check-in, GuestReady also helps property owners to ensure their asset stays in shape, is well maintained, and continuously delivers the maximum return on their investment.

Awok is an eCommerce company founded in 2013 and a leading online store in the GCC with year-to-year growth. AWOK has been a pioneer in servicing a previously untapped segment of the market with a unique product selection. It is built on the vision of providing customers with the best experience.

Awok was founded by Ulugbek Yuldashev who holds the vision of creating a solution for the problem incurred by everyday consumers where they face the choice between good product or good price and since inception they have strived to never settle for something less than perfect in both areas; be it the product quality or the price; they have done it successfully in the past and will continue to do so.