The London Stock Exchange Group has signed a collaboration deal with Lebanon-based professional services outfit Alyafi Group to bring its business growth accelerator ELITE to Lebanon, Oman and Kuwait.


ELITE – the international business support and capital-raising programme of the London Stock Exchange Group, which owns the London Stock Exchange, FTSE International and Italian bourse among others, has signed a collaboration agreement with Scale Up SAL, a part of the Lebanon-based professional services and management consulting firm Alyafi Group, which has offices in ten countries across the MENA region.


Further supported by the Institute for Finance and Governance (IFG) and the Capital Market Authority (CMA) of Lebanon, the collaboration with the London Stock Exchange Group (LSEG) will see Scale Up SAL operate its local ELITE programme – the first to be launched in the Levant – which provides training, mentoring and capital-raising support for mid-market companies preparing for their next stage of growth.


With the number of companies in the ELITE community recently surpassing the 1,000 mark, and those originating from 35 countries worldwide, selected small and medium enterprises (SMEs) from Lebanon, Oman and Kuwait will now be given the opportunity to join a year-long programme of scale-up support, including guidance on management best practices, relations building with potential investors, and the facilitation of access to funding.