Saudi Waad Investment Launches $200 Million Fund to Boost Startups

Waad Investment, a firm created by a coalition of Saudi private investors and family offices, has launched a $200 million fund to support growth-stage startups. The firm targets a total fund size of SR 750 million, focusing on providing financial investment, mentorship, and guidance to startups.

Yaser AlGhamdi, the founder and Chief Investment Operations Officer of Waad Investment, is leading the initiative. The venture includes key partnerships with the AlMajed and AlMisfer family offices, which bring significant industry experience and resources to the table.

Prominent figures involved in guiding Waad Investment’s strategic direction include Nasser Almajid, CEO of Almajdiah Group, and Fahad Almesfir, CEO of Saudi Real Estate Infrastructure Company (BINYAH).