A new investment firm, “Waad Investment,” has been launched by a coalition of investors and GCC-based family offices, with a target valuation of $200 million. The firm is spearheaded by Yaser AlGhamdi, alongside the AlMajed and AlMisfer family offices. This venture aims to support growth-stage startups across the region, providing not only capital but also a network of connections, mentorship, and strategic guidance to help these startups develop products and scale locally, regionally, and globally.
Waad Investment, which is set to become the largest private investment firm focused on nurturing growth-stage startups, underscores the commitment of GCC family offices to enhancing the entrepreneurship landscape. This initiative reflects an effort to bolster the role of the private sector in driving regional innovation and economic development.
Yaser AlGhamdi, who serves as the founder and Chief Investment Operations Officer, expressed his enthusiasm for the potential of startups in the region. He highlighted the importance of synergy between the public and private sectors to foster comprehensive development. AlGhamdi noted, “Our firm will bridge the financial gaps faced by many startups, offering not just funding but also essential mentorship and guidance.”
The collaboration among these family offices is aimed at making a substantial impact on the entrepreneurship ecosystem by addressing funding deficiencies, expanding employment opportunities, and promoting sustainable economic growth in the region.
Nasser AlMajed, Managing Director and CEO of Waad Investment, emphasized the firm’s goal to transform the approach of family offices towards startup investments. He reassured the entrepreneurial community that the expertise available in exit strategies, IPOs, and financial stability will significantly benefit the tech sector.
This new firm is part of a broader strategy to strengthen the innovation and entrepreneurship environment in the GCC. As the region experiences rapid technological advancements, the initiative by family offices and investors seeks to foster a diverse and sustainable economy driven by knowledge and technology.
