ITHCA Group Invests in Waad Investment to Expand Saudi-Oman VC Ecosystem
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Waad Investment, a Saudi-based investment firm, announced at the LEAP 25 that it has secured an investment from ITHCA Group, a company created by Oman Investment Authority in 2019.
The investment aims to strengthen collaboration in the fields of telecommunications, information technology, and venture capital. It also seeks 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 invests in startups from the early to the growth stages. Since its launch in 2024, it has become one of the most active investors in the MENA region, having invested in over 35 startups, including Saudi and Omani startups.
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ITHCA Group
ITHCA Group (formerly known as Oman Information and Communication Technology Group) was established to play a key role in ensuring that the investments focus on supporting the technologies of the 4th industrial revolution and investing in the necessary infrastructure to achieve this goal.
Waad Investment
WAAD invests in founders building high-growth technology companies. We focus on markets where technological innovation and strategic capital can unlock long-term value and drive sustainable economic progress.
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