Rabih I. Khoury to Relocate to Riyadh to Boost MEVP's Saudi Arabia Growth
People | Jan 16, 2025 | Middle East Venture Partners
Middle East Venture Partners (MEVP), a leading venture capital firm in the MENA region, is reinforcing its commitment to Saudi Arabia by relocating its General Partner & Chief Exit Officer, Rabih I. Khoury, to Riyadh. This strategic move aims to catalyze the growth of their VC franchise within the Kingdom's burgeoning technology sector. With an already established presence, including investments in companies like Anghami, Altibbi, and HyperPay, the firm seeks to leverage Saudi Arabia's robust venture capital ecosystem supported by dynamic governmental initiatives and a promising pipeline of technology IPOs. Additionally, the Saudi Venture Capital's recent investment in MEVP's Fund IV will further bolster the expansion and maturation of technology startups, focusing on creating industry-leading Saudi and regional tech entities. This initiative underscores MEVP's dedication to fostering innovative growth and solidifying its position as a major player in the Saudi VC landscape.
Sectors
- Venture Capital
- Technology
Geography
- Saudi Arabia – The article centers on MEVP's strategic initiatives and investments within the Saudi Arabian market.
- MENA – Middle East Venture Partners operates within the MENA region and is looking to leverage opportunities across this broader geography.
Industry
- Venture Capital – The article discusses the activities and strategies of Middle East Venture Partners, a venture capital firm, in Saudi Arabia.
- Technology – The focus on funding technology startups and fostering growth in Saudi Arabia's tech ecosystem is central to the article.
Financials
- – The financial details about the investment by Saudi Venture Capital in MEVP's Fund IV are not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Middle East Venture Partners (MEVP) | Venture Capital Firm | Company | A leading venture capital firm in the MENA region aiming to strengthen its presence in Saudi Arabia. |
| Rabih I. Khoury | General Partner & Chief Exit Officer | Person | Responsible for relocating to Riyadh to enhance MEVP's venture capital activities in Saudi Arabia. |
| Saudi Venture Capital (SVC) | Investor in Fund | Company | Has invested in MEVP's Middle East Venture Fund IV to support tech startups in Saudi Arabia. |
| Sarrah Al-Juaid | Managing Director | Person | Part of MEVP's Saudi Team leadership. |
| Ali Al-Majthoob | Managing Director | Person | Part of MEVP's Saudi Team leadership. |