Iraq's Intellect Code acquired by Ahmed Gorani in management buyout

Intellect Code, which operates in the field of advertising, marketing, and market research, located in the State of Iraq, has announced the acquisition of 100% of the company's shares by Mr. Ahmed Gorani, who is the current CEO of the company.

The acquisition process in Erbil was completed and signed by Mr. Mohamed Emad and Waleed Worya, who are partners in the largest shares, and agreed to sell their shares to Mr. Ahmed Gorani.


Get the Top Startup Stories directly to your inbox! Subscribe to MAGNiTT Newsletters


Intellect Code was established in 2016 and is one of the emerging companies in the field of advertising, marketing, and research in Iraq. The company is headquartered in Erbil. The company provides solutions-oriented services based on data capture and data analysis techniques in the retail sectors and market research in consumer goods. To view the scope of our services, please visit our website.

Intellect Code's CEO Ahmed Gorani said, "I am very happy with this acquisition, which will lead to the company remaining on the right track to achieve its vision of becoming a leading company in the field of advertising, marketing, and market research. It will work with a higher quality than it was in the past, and I am sure this acquisition will go hand in hand. 

“We are happy with this deal, as the company achieved its presence with the companies in the region and achieved profits in the third quarter of the year and is now among the companies that work professionally in the region. I am confident that after this acquisition the company will grow not at the level of Iraq, but at the level of the Gulf state, which will reflect positive results for companies and investors."

He added that Intellect Code's mission is to expand relations with international companies and provide high-quality services using the latest state-of-the-art technology. The company plans to expand its operations across the Arab Gulf states and bring solutions needed by the market to ensure transparency and speed in implementing projects.


Are you a startup looking for investment? Apply for funding to 100+ investors now