Mr. Farha said Saudi customers in particular like to conduct business over the phone.

WSJ: The Winding Tech Road of Lebanon and Its Region

Dany Farha, CEO of Dubai-based venture capital firm BECO Capital, says such obstacles are merely business opportunities.

WSJ: The Winding Tech Road of Lebanon and Its Region

Farha Aslam, analyst at investment firm Stephens, says WhiteWave would command a multiple higher than its peers, which trade at about 14 to 15 times their 2012 earnings.

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