$200 M Waad Investment firm launched by Gulf investors to support regional startups

With a target value of SAR750 million ($200 million), a coalition of investors and family offices based in the Gulf Cooperation Council (GCC) established “Waad Investment,” the largest private investment firm devoted to assisting growth-stage startups. Together with the AlMajed and AlMisfer family offices, investor Yaser AlGhamdi, founder and chief investment operations officer of Waad Investment, is leading the alliance.

In order to support the private sector’s role in promoting innovation and regional economic development, Waad Investment was founded. Its goal is to invest in growth-stage startups while also providing a network of contacts, mentorship, and advice to help these companies launch their products and grow on a local, regional, and international scale.

Chief Investment Operations Officer and founder Yaser AlGhamdi articulated his optimism regarding the prospects of startups in the area and emphasized the need for public-private sector collaboration to attain all-encompassing development.

He stated, “The company will bridge the financial gap many startups face and will offer comprehensive support that includes financial investment, mentorship, and guidance.”

By providing them with the required knowledge and resources while filling funding gaps, the alliance demonstrates the dedication of family offices in the Gulf Cooperation Council (GCC) to positively influencing startups and the entrepreneurship ecosystem. Along with expanding job opportunities, the alliance also aims to promote steady economic growth in the area.

Nasser AlMajed, Managing Director and CEO of Waad Investment commented, “The alliance aims to change the rules of how family offices invest in startups and to reassure the entrepreneurial ecosystem that family offices possess the expertise in exit strategies, IPOs, and financial solvency to lead the tech scene.”

Given the significant technological advancements the region is experiencing, the new firm is part of a larger vision to reinforce the innovation and entrepreneurship landscape in the Gulf Cooperation Council (GCC). Investors and family offices are working to create a sustainable and diverse economy based on knowledge and technology.