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Angel Investors Around the World Meet in Istanbul

Posted by Lilas Mahmandar on 10 February 2020

Istanbul is preparing to host a meeting that brings together representatives of major global stock exchanges, sovereign fund managers, representatives of mutual funds, owners of wealth management companies, representatives of private banking units and administrators of major international companies with a budget exceeding 500 million $.

This meeting will take place within the framework of the activities of the “Global Forum for Angel Investors” WBAF hosted by Istanbul on February 17-18, and this meeting will be attended by participants from 92 countries around the world.

The forum is scheduled to witness 42 sessions held during 132 speeches by personalities from around the world, most notably Swati Mandela, granddaughter of Nelson Mandela, and Princess Nisreen Al Hashemi, granddaughter of King Faisal, the first king of Iraq in the twentieth century.

The forum will also include the signing of 7 international agreements and two separate meetings for investors, as well as a presentation by the Malaysian Minister of Trade, Datuk Darell Leiking and the Albanian Minister of Entrepreneurship, Eduard Shalsi, attended by 260 private investors from 92 countries.

As for Turkey, it will be represented in the forum by the former Deputy Prime Minister and Chairman of the Budget Committee to the Turkish Parliament, Lotfi Alwan, according to Anadolu Agency.

On the sidelines of the “WBAF” forum, seminars will be held to discuss the files of enhancing cooperation between the public and private sectors, and transferring public financing to smart finance in order to grow the emerging economy.

The forum also includes representatives of major international stock exchanges, representatives of mutual funds, sovereign funds managers, owners of wealth management companies, representatives of private banking units and managers of major international companies with a budget exceeding 500 million $.

The “angel investors” are wealthy people who often provide capital to startups, in exchange for convertible bonds or stakes in the project.

The second day of last year’s edition of the aforementioned forum witnessed 53 people from 22 countries showcasing their ideas and projects to investors, coinciding with the discussion of the files to enhance cooperation between the public and private sectors, and transferring public financing to smart financing in order to grow the emerging economy.

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