- Waad Investment, launched with a $200 million valuation, is the largest private investment firm in the GCC dedicated to growth-stage startups.
- The firm provides financial backing, mentorship, and a robust network to help startups innovate and expand locally and globally.
- Yaser AlGhamdi, the founder and Chief Investment Operations Officer, leads the initiative, focusing on bridging financial gaps and fostering public-private sector collaboration.
- The firm is supported by the AlMajed and AlMisfer family offices, which are committed to driving technological advancements and redefining family office investments.
A new investment firm, Waad Investment, has been launched by a coalition of investors and family offices based in the Gulf Cooperation Council (GCC). The firm, valued at $200 million (SAR 750 million), is the largest private investment entity in the region dedicated to supporting growth-stage startups.
Waad Investment is spearheaded by investor Yaser AlGhamdi, in collaboration with the prominent AlMajed and AlMisfer family offices.
Waad Investment aims to play a pivotal role in the development of the region’s entrepreneurial ecosystem by focusing on growth-stage startups.
The firm’s strategy includes not only financial investments but also providing a robust network of connections, mentorship, and guidance. This support is designed to help startups launch innovative products and achieve expansion both locally and globally.
Vision and Leadership
Yaser AlGhamdi, the founder and Chief Investment Operations Officer of Waad Investment, is at the forefront of this initiative. He is deeply committed to fostering collaboration between the private and public sectors to drive comprehensive economic development across the region.
AlGhamdi emphasizes that Waad Investment is well-positioned to bridge the financial gaps that many startups encounter, offering them comprehensive support that includes financial backing, strategic mentorship, and essential guidance.
Commitment to Entrepreneurship and Innovation
The establishment of Waad Investment is a testament to the commitment of family offices in the GCC to making a significant impact on the entrepreneurial ecosystem.
By equipping startups with the necessary expertise and tools, the firm aims to address critical funding gaps, create employment opportunities, and stimulate sustainable economic growth across the region.
The collaboration between these influential family offices highlights their dedication to nurturing innovation and entrepreneurship, ensuring that the private sector plays a key role in shaping the region’s future.
Redefining Family Office Investments
Nasser AlMajed, the Managing Director and CEO of Waad Investment highlighted the unique approach the firm is taking in redefining how family offices invest in startups.
He pointed out that the alliance seeks to reassure the entrepreneurial ecosystem of the GCC that family offices possess the expertise and financial solvency needed to lead the tech scene. Their knowledge of exit strategies and Initial Public Offerings (IPOs) positions them as key players in driving the region’s technological advancements.
Contribution to a Sustainable Economy
Waad Investment is more than just an investment firm; it represents a broader vision to strengthen the innovation and entrepreneurship landscape in the GCC.
As the region experiences significant technological advancements, the firm’s efforts are aligned with the goal of generating a diverse and sustainable economy based on knowledge and technology. Family offices and investors involved in Waad Investment are committed to ensuring that the private sector plays a crucial role in the region’s economic transformation.
The launch of Waad Investment marks a significant milestone in the GCC’s journey towards fostering a thriving startup ecosystem. With its substantial financial backing, strategic mentorship, and commitment to innovation, Waad Investment is poised to become a cornerstone in the region’s economic development.
This initiative not only supports startups but also underscores the critical role of family offices in driving sustainable growth and creating a future-ready economy in the GCC.
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