– A coalition of Saudi private investors and family offices has formed Waad Investment, a new firm focused on supporting growth-stage startups with a target fund of 750 million riyals ($200 million).
– The initiative is led by Yaser AlGhamdi, Waad Investment’s founder and Chief Investment Operations Officer, alongside key partners from the AlMajed and AlMisfer family offices.
– Nasser Almajid, CEO of Almajdiah Group, and Fahad Almesfir, CEO of Saudi Real Estate Infrastructure Company (BINYAH), are integral to the venture’s strategic direction and investment goals.
A group of private investors and family offices in Saudi Arabia have joined forces to establish Waad Investment, a new firm aimed at supporting growth-stage startups with a funding goal of 750 million riyals ($200 million).
The initiative is spearheaded by Yaser AlGhamdi, Waad Investment’s founder and Chief Investment Operations Officer, in partnership with the AlMajed and AlMisfer family offices.
Nasser Almajid, CEO of Riyadh-based Almajdiah Group, and Fahad Almesfir, CEO of Saudi Real Estate Infrastructure Company (BINYAH), are also key figures in this venture.
“The company will bridge the financial gap many startups face and will offer comprehensive support that includes financial investment, mentorship, and guidance,” said AlGhamdi, while emphasising the importance of collaborating between public and private sectors to achieve comprehensive development.
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