Public Investment Fund

Established in 1971, Saudi Arabia's Public Investment Fund is a sovereign wealth fund focusing on sustainable investments both domestically and internationally. It manages a diverse portfolio across various sectors and asset classes, aiming to localize modern technology and spur economic growth.

Abdulmajeed Alhagbani

Senior Director

Bander Bin Mogren

COO

Past deals in Saudi Arabia

Tamara

Series C in 2023
Tamara is a prominent shopping and payments platform based in Riyadh, Saudi Arabia, and serves the GCC region. Founded in September 2020 by Abdulmajeed Alsukhan and his partners, the company aims to revolutionize shopping, payment, and banking experiences. With a workforce of over 350 employees, Tamara operates additional offices in the UAE, Egypt, Germany, and Vietnam. The platform empowers merchants by providing flexible payment solutions, including installment options, through its application programming interfaces and plugins. This functionality enhances customer experiences and boosts sales for merchants. Tamara has established a robust customer base of 6 million and collaborates with over 15,000 partner merchants, which include both leading global brands and local small and medium enterprises. The company has successfully raised significant funding, highlighting its strong market presence and growth potential.

Saudi Iron & Steel Co.(Hadeed)

Acquisition in 2023
Saudi Iron & Steel Co. (Hadeed) is a Saudi iron and steel firm that produces steel rebar, wire rod, hot rolled coils, cold rolled coils, galvanized cold, and color-coated coils.

Tamimi Markets

Private Equity Round in 2023
Tamimi Markets is one of the fastest-growing supermarket chains in Saudi Arabia, dedicated to transforming the grocery shopping experience. The company provides a comprehensive retail platform that features an extensive selection of fresh produce and premium products. By focusing on high-quality groceries and personalized services, Tamimi Markets caters to discerning consumers who seek convenience and exceptional customer service. This commitment to quality and customer satisfaction has positioned Tamimi Markets as a leader in the grocery retail sector.

Saudi Tabreed

Private Equity Round in 2022
Saudi Tabreed is a provider of district cooling services headquartered in Al Khobar, Saudi Arabia. The company specializes in the production and distribution of chilled water, which is delivered from a central facility to multiple buildings through an extensive network of pipes for air conditioning purposes. Saudi Tabreed develops, invests in, and maintains district cooling schemes on a build-operate-own basis, focusing on delivering reliable and cost-effective cooling solutions. Its services cater to a variety of sectors, including airports, government buildings, and significant real estate developments, particularly in urban projects.

Kingdom Holding Company

Post in 2022
Established in 1979, Kingdom Holding Company is a prominent international investment firm headquartered in Saudi Arabia. It invests in leading global companies across various sectors such as aviation, banking, digital services, education, healthcare, hotel management, and petrochemicals.

ACWA Power

Corporate Round in 2020
Founded in 2004, ACWA Power develops, invests in, co-owns, and operates a diverse portfolio of power generation plants, including thermal, solar PV, solar CSP, wind, and desalinated water production facilities. It also provides operations and maintenance services for these industries across Saudi Arabia, the Middle East, Africa, Turkey, Vietnam, and other regions.
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