Awaed Enables Access to Saudi Pre-IPO Investments with Investcorp Partnership
Deal News | Feb 19, 2025 | Investcorp
Investcorp, a renowned global alternative investment firm, has entered into a commercial partnership with Awaed, Saudi Arabia's pioneering commission-free trading platform. This partnership allows investors on Awaed to access the Investcorp Saudi Pre-IPO Growth Fund via the platform, broadening the investment landscape for investors by offering them a chance to invest in a diversified portfolio of pre-IPO companies within Saudi Arabia. This strategic collaboration was revealed at the LEAP 2025 event, embodying a significant move towards democratizing alternative investments in the Middle East. The Fund, which is part of Investcorp's Golden Horizon platform, has already made substantial investments in Salla, NourNet, and Trukker, emphasizing sectors with notable growth potential in Saudi Arabia. Lauded by both Mashaal AlJomaih of ISAFIC and Adel Alateeq of Awaed, this initiative aligns with Saudi Arabia's Vision 2030 to foster a vibrant economy by enhancing investment accessibility. Furthermore, Saudi Arabia's private sector reported robust growth at the start of 2025, indicating promising economic conditions for this investment endeavor.
Sectors
- Financial Services
- Fintech
- Technology
Geography
- Saudi Arabia – The article focuses on investments within Saudi Arabia and the strategic initiatives aligning with Saudi Vision 2030.
- Middle East – Investcorp's actions represent a broader movement within the Middle East to innovate in financial services.
Industry
- Financial Services – The article discusses Investcorp, a global alternative investment firm, and their strategic partnerships in financial technology (fintech).
- Fintech – The involvement of Awaed, a fintech company providing a trading platform, highlights the sector's role in democratizing investments.
- Technology – References to digital platforms such as Awaed further emphasize the technology sector's impact on investment practices.
Financials
- Not specified – Financial specifics such as investment amounts or fund size for the Investcorp Saudi Pre-IPO Growth Fund were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Investcorp | Private Equity Firm | Company | A global alternative investment firm partnering with Awaed to offer investment opportunities. |
| Awaed | Commercial Partner | Company | A commission-free trading platform in Saudi Arabia providing access to pre-IPO investments. |
| Mashaal AlJomaih | CEO of ISAFIC | Person | Played a key role in announcing the partnership at LEAP 2025. |
| Adel Alateeq | CEO of Awaed | Person | Highlighted the significance of the partnership in empowering retail investors. |
| Nahar Houthan | Deputy CEO of ISAFIC | Person | Discussed the convenience and transparency offered through the partnership. |
| Trukker | Portfolio Company | Company | A leading cloud-based freight platform in MENA invested by the Fund. |
| NourNet | Portfolio Company | Company | An independent provider of IT solutions in Saudi Arabia invested by the Fund. |
| Salla | Portfolio Company | Company | A SaaS e-commerce enablement platform in Saudi Arabia invested by the Fund. |
| Saudi Capital Markets Authority | Government | Government | Issued a full license to Awaed, enabling it to operate as a fintech. |