Saudi Arabia
Investcorp appoints Mashaal AlJomaih as CEO of KSA
Investcorp, a leading global alternative investment firm, announced Mashaal AlJomaih’s appointment as CEO of Investcorp Saudi Arabia. AlJomaih previously held the role of managing director withi...
Merak Capital launches Exel By Merak to empower gaming startups
Merak Capital, a leading technology-focused investment firm, launched its 306 million Saudi Riyals Exel By Merak gaming fund and gaming accelerator to empower the next generation of gaming startups.
Mastercard and Saudia announce winners of Her Voice
Mastercard partnered with Saudia and Blossom Accelerator for the third season of Mastercard’s ‘Her Voice’— to empower female entrepreneurs to attain lasting success.
Teradix wins the $140,000 grant from TAQADAM Accelerator program at KAUST
Teradix, a leading provider of innovative eProcurement solutions in MENA, announced that it has been awarded a $140,000 grant from the prestigious TAQADAM Accelerator program at King Abdullah Universi...
Saudi-based Mush Social secures $1.2 million in pre-seed
Saudi-based Mush Social has secured $1.2 million in its pre-seed funding round, led by Nifal Consulting, with participation from Nahr Al-Jazeera Holding and various angel investors. This investment se...
Saudi women entrepreneurs on the rise
As part of the Biban 24 Forum, held under the slogan “A Global Destination for Opportunities,” the Prince Mohammed bin Salman College of Business and Entrepreneurship (MBSC) in partnership...
SVC invests $20M in Booster Fund IV by BECO Capital
Saudi Venture Capital (SVC) announced an investment of $20M in Booster Fund IV, a venture capital fund managed by BECO Capital. BECO Capital is an early-stage venture firm in the Gulf with $495M in AU...
PIF and Google Cloud to create a new global AI hub in Saudi Arabia
PIF and Google Cloud today announced a strategic partnership to create a new global artificial intelligence (AI) hub. The new AI hub will be based near Dammam, in Saudi Arabia’s Eastern Province.
Saudi agritech startup, Nabt raises $1.5 million led by Merak Capital
Nabt, a pioneering Saudi agritech startup, has successfully closed a $1.5 million seed investment round in Q3 2024, led by Merak Capital, a technology-focused investment firm, with the participation o...