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Saudi Family Office Builds Largest Stake in Israel’s Otonomo

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Photographer: David Paul Morris/Bloomberg

A Saudi family investment vehicle with ties to the world’s largest Islamic bank has become the biggest shareholder in Israeli mobility intelligence company Otonomo Technologies Ltd.

Mithaq Capital SPC, a family office for the AlRajhi family that is incorporated in the Cayman Islands but headquartered in Riyadh, recently increased its stake in the Israel-based company to 20.41%, according to a July 20 regulatory filing