ADNOC Logistics & Services (ADNOC LS) has secured a $2 billion financing facility to fund growth, including the acquisition of Navig8. Approximately $1 billion will be used for the acquisition, with $0.9 billion available for other investments. The initial drawdown is $1.1 billion. ADNOC LS has acquired an 80% stake in Navig8 for $1.04 billion, with plans to acquire the remaining 20% by mid-2027. The acquisition expands ADNOC LS's fleet and service portfolio.

UAE-based Web3 services provider Verofax has raised $3 million in bridge round, led by King Abdullah University for Science and Technology, Plug & Play Tech Center, Navig8 Group, and Trove Capital UK.

Verofax, an Abu Dhabi-based Web3 services company, raised $3M in Bridge funding. The round was led by Plug & Play Tech Center, Navig8 Group, and King Abdullah University for Science and Technology, with participation from Trove Capital UK, Jawa Brothers Advisory, Alzamil Pedco CVC, and Tracecore CVC. The funds will be used to execute projects in the Middle East and EU, including AI-powered guides in GCC and sports fan guides in the EU and North America.