Saudi Aramco

Saudi Aramco is the state-owned oil company of Saudi Arabia, established in 1933 and headquartered in Dhahran. It is the largest oil producer and exporter in the world, specializing in crude oil and natural gas liquids, and is a significant player in natural gas production. The company has expanded its operations to include refining and is increasingly involved in chemical production, moving further downstream in the energy sector. Saudi Aramco's substantial contributions to the global energy market and its strategic initiatives in diversification highlight its pivotal role in both the national and international economy.

Bruce Niven

Chief Investment Officer

31 past transactions

Cognite

Secondary Market in 2022
Cognite is a global industrial AI Software-as-a-Service (SaaS) company supporting the full-scale digital transformation of heavy-asset industries around the world. The flagship product, Cognite Data Fusion (CDF), empowers companies with contextualized Operational and IT data to drive industrial applications that increase safety, sustainability, and efficiency of industrial operations. Cognite make industrial data accessible to all, from engineers in the field to data scientists in the office, empowering individuals and companies to create value from data and transform industry. Founded in January 2017, Cognite today has more than 400 software developers, data scientists, designers, 3D specialists, and industry professionals across offices in Norway, the US and Japan.

Golden Scent

Series B in 2019
GOLDEN SCENT develops an e-commerce platform that offers branded perfumes, cosmetics, skincare and hair products. The company’s application feature enables users to try on products before buying them. Its online platform focuses on serving as an online beauty destination, enabling clients to receive various sorts of luxury perfumes and scents from a single platform. The company was founded in 2014 and is based in Dammam, Saudi Arabia.

Taulia

Venture Round in 2020
Taulia is a FinTech startup that provides working capital management and electronic invoicing services for supply chain companies. Its platform helps businesses to turn every invoice into a revenue opportunity using their cash or third-party cash to fund early payments, lower the barriers for e-invoicing participation by accepting all forms of electronic invoices without having to charge suppliers, and empower suppliers to be self-sufficient by giving them access to free self-service and management tool.

Golden Scent

Series A in 2017
GOLDEN SCENT develops an e-commerce platform that offers branded perfumes, cosmetics, skincare and hair products. The company’s application feature enables users to try on products before buying them. Its online platform focuses on serving as an online beauty destination, enabling clients to receive various sorts of luxury perfumes and scents from a single platform. The company was founded in 2014 and is based in Dammam, Saudi Arabia.

UnitX

Seed Round in 2019
UnitX Technologies operates as an artificial intelligence and supercomputing company that helps enterprises to deploy artificial intelligence (AI) at scale. The company offers customized products and services through its UnitX online software platform. Its products include UnitX Sentient that accelerate AI initiatives; UnitX Maestro offers digital transformation through on premise and edge to cloud integration; and UnitX RapidSim offers on demand supercomputing for virtual prototyping. The company serves finance and insurance, government, retail, telecoms, healthcare and logistics, manufacturing, and other industries. UnitX Technologies was founded in 2018 and is based in Thuwal, Saudi Arabia.

NexWafe

Corporate Round in 2018
NexWafe will supply high quality wafers to solar cell producers .Their wafers will be fully compatible with common cell and module fabrication .They will be available at a fraction of the cost of standard wafers.

Hyundai Oilbank

Secondary Market in 2019
Hyundai Oilbank aims to contribute to the national economy and social development by faithfully fulfilling its original purpose and social responsibility. To this end, they are practicing a management philosophy that encompasses all stakeholders.

PayTabs

Series B in 2017
PayTabs is an innovative new economy payment processing and fraud prevention company built to provide buyers and sellers an advanced technology to pay and get paid.

Desktop Metal

Series C in 2017
Desktop Metal is reinventing the way design and manufacturing teams produce and 3D print metal parts - from prototyping through mass production. The team is built around the disciplines of materials science, hardware and software engineering, and design. They have raised $97 million in equity funding with investment from technology leaders including Google, BMW, Lowe’s, and Kleiner Perkins Caufield & Byers. Located just outside of Boston we are assembling a team of experts and are looking to hire curious and driven engineers, scientists, and designers.

Utility Global

Series B in 2022
Utility Global develops and designs a generation system to create a paradigm shift in how the world uses, stores, and transforms energy. The company's system is centered around a state-of-the-art oxide-ion cell, which leverages the latest developments in manufacturing, sensing, control, and nanotechnology, enabling users to generate everything from high-efficiency power to low-cost hydrogen in compact and affordable devices.

Bonat

Seed Round in 2022
Developer of customer loyalty software intended to retain and acquire more customers. The company's mobile application provides a web interface to manage loyalty programs that include data analytics, feedback, customer communication, and sending gifts among others, enabling companies to build meaningful relationships with their customers.

Arlanxeo

Acquisition in 2018
ARLANXEO Holding B.V. develops, manufactures, and markets synthetic rubber for automotive and tire, construction, and oil and gas industries. The company was founded in 2016 and is headquartered in Maastricht, The Netherlands. ARLANXEO Holding B.V. operates as a subsidiary of Saudi Arabian Oil Company.

Form Energy

Series B in 2019
Form Energy, Inc. develops long duration energy storage systems. Its product replaces fossil base load generation with renewable energy to reduce carbon emissions. The company also provides Formware, a technology-agnostic capacity expansion software tool with full-year hourly granularity and stochastic optimization capability. Form Energy, Inc. was formerly known as Baseload Renewables, Inc. The company was incorporated in 2017 and is based in Somerville, Massachusetts.

GetMuv

Seed Round in 2019
The most popular sports application in the Kingdom, many sports activities and fun, without participation and in the nearest and best place, you and your children. With the support of the Commission.

Desktop Metal

Series D in 2017
Desktop Metal is reinventing the way design and manufacturing teams produce and 3D print metal parts - from prototyping through mass production. The team is built around the disciplines of materials science, hardware and software engineering, and design. They have raised $97 million in equity funding with investment from technology leaders including Google, BMW, Lowe’s, and Kleiner Perkins Caufield & Byers. Located just outside of Boston we are assembling a team of experts and are looking to hire curious and driven engineers, scientists, and designers.

Sihatech

Series A in 2017
Sihatech is the solution to the problem of lack of transparency and accountability in healthcare. They have developed a responsive website and two native applications on iOS and Android. Today, a small hospital or clinic can use Sihatech for all their Hospital Information System (HIS) needs and save all the hassle and trouble of working with a third party IT developer and paying thousands of riyals in server and development costs. Sihatech is a pure cloud player. They are focusing on the marketing and appointment booking aspects of the website and apps, but this is just the simple hook to get the doctors on board. Once they experience the robustness of their back end system and their innovative ideas, they will become loyal users. They are already being referred by their existing customers. They are now in the process of building a payment gateway that will allow their users to apply for micro-loans to finance certain medical procedures that are not typically covered by insurance and it will also allow small hospitals and clinics to manage their revenue cycle with insurance companies and their medical supply payments to their vendors (pharmacies, laboratories and equipment/consumables suppliers). Sihatech’s vision is to become the MENA regions premium provider of technology solutions to the healthcare space to improve the access, accountability and quality in healthcare. Sihatech’s mission is to allow the hospitals, polyclinics and doctor practices to outsource all business and technology processes to be able to focus on treating the patient

Sadeem

Series A in 2019
Sadeem is a global marketplace to help data centers and hosting providers to sell simple cloud instances, through this market place the end users can locate the most proper Cloud Service Provider fits with their requirements.(AIRBNB for Data Centers). To achieve this, they have developed a simple and a comprehensive cloud orchestration includes a Control Panel for VMs management with embedded billing system and ticketing system via a single portal. This will ease the service provisioning process to the customers and on the other hand will off-load the cost of integration with third party tools from the Service Providers.
Arabian Industrial Calibration

SABIC

Acquisition in 2019
SABIC Ventures is a wholly-owned subsidiary of SABIC that is focused on providing seed and early stage venture capital financing to innovative companies in the fund’s sectors of interest on a global scale. They aim to invest in outstanding entrepreneurial teams who dare to challenge the status quo in their respective industries and who are seeking to build extraordinary businesses that can support SABIC’s innovation and growth strategy. They seek to invest and co-invest with a broad network of VC partners, angel investors or investment groups that specialize in their targeted investment markets and geographies. Through collaborative innovation, they can leverage SABIC’s global footprint and turn their strategic insights into market impact.

OxyMem

Funding Round in 2017
OxyMem solves energy intensive wastewater treatment with an innovative ‘Drop in’ solution for wastewater aeration, the Membrane Aerated Biofilm Reactor (MABR). OxyMem MABR complements existing treatment systems and delivers up to 50% additional biological capacity in an existing aeration or alternatively enables you to replace a legacy system. Conventional wastewater treatment consumes 2-3% of a nation’s electricity production. This is due a 100 years reliance on bubble diffusion for conventional treatment plants which will typically suffer energy losses of 65-70% in the process because of the oxygen transfer limitations in the process. OxyMem does not have any such limitations. OxyMem uses hollow fibre gas permeable membranes to support a fixed film ecosystem for the biology which allows for direct delivery of oxygen to the micro-organisms. OxyMem can achieve 95% oxygen transfer rates which results in superior energy performance (75% saving), lower sludge production (50% less sludge), along with impressive process resilience.

WalaPlus

Seed Round in 2017
Wala Plus aims to increase the loyalty of employees towards their companies and raise their productivity through a series of professional programs designed specifically for companies and establishments.

Rewaa

Series A in 2022
Rewaa was founded to make penetrating through the e-commerce industry easier for retailers with minimal operational and marketing costs by solving two main aspects: Marketing aspect: Make in-store products available online. By using Rewaa Cashier System, any product in the physical store will be automatically listed in the online marketplaces and the merchant's online store. Operational aspects: The integration between physical, online store and marketplace, eliminate the need of independent inventory for online store operations, and that will help to reduce employment cost, therefore, the physical store will be the shipping center, so whenever an order received by online store will be transferred automatically for the nearest branch from the customer. And eventually, the inventory will be automatically updated across all channels.
Rongsheng Petrochemical produces, markets, and sells petrochemicals, chemical fibers, and other related products in China and internationally. It offers synthetic fibers and films, including fiber and film grade polyester chips, bottle grade polyester chips, polyester pre-oriented yarns, draw textured yarns, fully drawn yarns, and PET films; synthetic raw materials, such as purified terephthalic acids, ethylene oxides, triethylene glycol, diethylene glycol, ethylene glycol, and P-xylene; and synthetic resins comprising ethylene-vinyl acetate copolymers, high density polyethylene, low-density polyethylene, and polypropylene. Rongsheng Petrochemical also provides olefins consisting of butene-1, hexene-1, butadiene, propylene, and ethylene; aromatics and phenols, including cumene, acetone, phenol, styrene, ethylbenzene, xylene, mixed aromatics, methylbenzene, and purified petroleum benzine; and acrylonitrile and special chemical products, such as dimethyl carbonate, methyl methacrylate, polycarbonate, bisphenol A, acetonitrile, and acrylonitrile. Moreover, it offers intermediate and chemical raw materials comprising iso-butane, n-butane, petroleum cokes, liquid argons, liquid ammonia, methanol, liquid petroleum gas, isooctane, methyl tert-butyl ether, industrial hexane, pentane foamer, industrial aromatic hydrocarbons, high-flash aromatic naphthas, ethylene bottom oils, splitting decomposition C9 and C5, and sulphur; and oil products, such as jet fuels, diesel, and gasoline. Rongsheng Chemical Fiber Group that began operation in 1995 became Rongsheng Petrochemical in September 2007. It has its headquarters in Hangzhou in China as a subsidiary of Zhejiang Rongsheng Holding Group.