Gulf Investors Launch Waad Investment Company
Waad Investment is part of an initiative to boost the private sector's role in innovation and economic development in the region.
A coalition of Gulf investors and family businesses has announced the launch of Waad Investment Company, aiming to become the largest private investment firm supporting emerging companies in their growth stages. The company, led by investor Yasser Al-Ghamdi, founder and CEO, and supported by the Al-Majed and Al-Misfer families, has a target value of SAR 750 million ($200 million).[1]
Read More: Wa'ed Ventures Invests in aiXplain
Waad Investment is part of an initiative to boost the private sector's role in innovation and economic development in the region. It will focus on bridging financial gaps for emerging companies by providing investment, guidance, and a network of relationships necessary for product launches and expansion.
The company seeks to enhance the GCC family businesses' impact on entrepreneurship and startups, aiming to increase job opportunities and promote sustainable economic growth in the region.