RIYADH: French investment fund manager Amethis has acquired a minority stake in UAE-based Tarjama, which sells Arabic language translation software. The investment, for an undisclosed amount, will fund growth “across the region"s main markets”, said Tarjama in a statement. Paris-based Amethis is investing through its Amethis MENA Fund II, which raised $101 million in July, to target majority and minority stakes in fast-growing small and medium-sized firms in such countries as Morocco, Egypt, Tunisia, and Jordan. Tarjama CEO Nour Al Hassan said: “This investment by Amethis creates an exceptional opportunity for us to build up our technological capabilities and securely position Tarjama as the leader in language AI across the region." Jordanian businesswoman Al Hassan founded the firm in 2008.