Waad Investment, a Saudi-based investment firm, announced at the LEAP 25 that it has secured an investment from ITHCA Group, a subsidiary of Oman Investment Authority (OIA) created in 2019.

More to Know:

• The investment aims to strengthen collaboration in the fields of telecommunications, information technology, and venture capital.
• According to the parties, they seek to enable Saudi and Omani companies to expand into the Gulf market, supporting Saudi Arabia’s Vision 2030 and Oman’s Vision 2040.
• Waad Investment was launched in 2024 and invests in startups from the early to the growth stages. It has become one of the most active investors in the MENA region, having invested in over 35 startups, including Saudi and Omani startups, according to the statement.