Dubai, UAE, 15 September 2026 – Tribonian Law Advisors (“TLA”) has advised the founder of FMSI Group, Mr. Wasim Mourad, on the sale of FMSI Group to a group of investors led by Shorooq, the leading regional multi-strategy investment firm engineered around technology, together with co-investors including Emirates Growth Fund.

Following completion, Shorooq and Emirates Growth Fund will take active roles alongside FMSI’s founder and management team, contributing governance, sector expertise and operational support as the group pursues further expansion.

FMSI Group is one of the region’s leading providers of fleet management technology. Founded in 2003, the business has spent more than two decades developing technology that supports the safety, compliance and efficiency of the region’s vehicle fleets, with operations in the UAE, Oman and KSA. Commenting on the transaction, Carlo Pianese, Partner at TLA, said: “The transaction involved a complex multi-jurisdictional structure, requiring careful navigation of the legal landscape across multiple markets. Our team demonstrated the depth of cross-border expertise required to manage these complexities and ensure that our client’s interests were fully protected throughout the process.”

Rindala Beydoun, Managing Partner at TLA, said: “We are pleased to have acted for FMSI Group on this transaction. This matter reflects the depth of TLA’s experience in advising on investments in the Technology sector, and our continued commitment to supporting clients in executing their expansion strategies.”

The TLA team advising on the transaction was led by partner Carlo Pianese, assisted by associates Raya Akhdar and Gaelle El Haiby.

About Tribonian Law Advisors
Tribonian Law Advisors (TLA) was founded in 2012 and stands as a beacon of superior quality, in-depth expertise and exceptional client service in the Middle East legal market with offices in Dubai, Riyadh, Al Khobar and Beirut. TLA specializes in Mergers & Acquisitions (M&A), Corporate Finance and Private Equity, areas in which our corporate partners Rindala Beydoun, Carlo Pianese and Emile Boulos have accrued significant experience in over two decades practicing in the US, Europe and the Middle East.

In recognition of our unwavering commitment to excellence, we have been repeatedly honoured by prestigious awards and accolades including most recently ‘UAE-Headquartered Law Firm of the Year – Corporate/M&A’ at the Chambers Middle East Awards 2026. TLA unites legal prowess with business savviness to deliver an unparalleled client experience.

About Fleet Management Systems International (FMSI)
FMSI is a leading regional provider of fleet and mobile asset management solutions. FMSI delivers SaaS-based fleet management, in-vehicle monitoring, AI video telematics and related solutions to enterprise customers across the Gulf and wider region.

Contact details:
Hiba Mahdi
Phone: +971 4 597 9777
Email: hmahdi@t-lawadvisors.com
Website: www.t-lawadvisors.com