Saudi Aramco

Saudi Aramco is the state-owned oil company of the Kingdom of Saudi Arabia, established in 1933 and headquartered in Dhahran. It is the largest oil producer and exporter in the world, leading in both crude oil and natural gas liquids exports. Additionally, Saudi Aramco is a significant player in natural gas production and is expanding its operations into the downstream sector, focusing on chemical production. With its extensive resources and infrastructure, the company plays a crucial role in the global energy market.

Bruce Niven

Chief Investment Officer

Past deals in Gulf Cooperation Council

Bonat

Seed Round in 2022
Developer of an application-based customer loyalty platform intended to retain and acquire more customers. The company's platform 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.

UnitX

Seed Round in 2019
UnitX Technologies is an artificial intelligence and supercomputing company based in Thuwal, Saudi Arabia, founded in 2018. The company specializes in deploying AI at scale, offering a range of customized products and services through its online software platform. Key offerings include UnitX Sentient, a multi-cloud high-performance computing platform designed for deep learning model training and simulations across various industries such as pharmaceuticals, automotive, aerospace, and oil and gas. Another product, UnitX Vizard, focuses on computer vision applications, serving sectors like health and safety, surveillance, and urban planning. UnitX also provides solutions tailored for finance, insurance, retail, telecoms, healthcare, logistics, and manufacturing. Through these platforms, UnitX aims to facilitate digital transformation and enhance operational efficiency for its clients.

SABIC

Acquisition in 2019
SABIC, or Saudi Basic Industries Corporation, is a leading diversified manufacturing company based in Saudi Arabia, primarily engaged in the production of chemicals, industrial polymers, fertilizers, and metals. It stands as the largest public company in Saudi Arabia and the Middle East, with 70% of its shares owned by the Saudi government. SABIC is notable for its prominent position in the global market, ranking as the second largest producer of ethylene glycol and holding significant standings in polyethylene, polyolefins, and polypropylene manufacturing. Additionally, it is recognized as the world's largest producer of several chemical products, including mono-ethylene glycol and granular urea. SABIC Ventures, a subsidiary established in 2011, focuses on investing in innovative startups across various sectors, such as technology, energy, and cleantech, aiming to drive innovation and support SABIC's growth strategy. Through these investments, SABIC seeks to foster collaboration and leverage its extensive global presence to enhance market impact.

GetMuv

Seed Round in 2019
GetMuv is a mobile and web application based in Jeddah, Saudi Arabia, founded in 2017. It aims to enhance the practice of sports by making it more entertaining and accessible. The application has gained popularity as the leading sports platform in the Kingdom, offering a variety of engaging sports activities for individuals and families. GetMuv's services cater to users looking for enjoyable sports experiences without the need for formal participation, ensuring that they can engage in activities at nearby and quality venues. The platform is supported by relevant sporting authorities, which enhances its credibility and reach in the market.

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.

Golden Scent

Series B in 2019
Golden Scent is an e-commerce platform based in Dammam, Saudi Arabia, specializing in branded perfumes, cosmetics, skincare, and hair products. Founded in 2014, the company aims to serve as a comprehensive online beauty destination, providing customers with access to a wide range of luxury fragrances and beauty items from a single source. Its innovative application feature allows users to virtually try on products before making a purchase, enhancing the shopping experience and ensuring customer satisfaction.

Golden Scent

Series A in 2017
Golden Scent is an e-commerce platform based in Dammam, Saudi Arabia, specializing in branded perfumes, cosmetics, skincare, and hair products. Founded in 2014, the company aims to serve as a comprehensive online beauty destination, providing customers with access to a wide range of luxury fragrances and beauty items from a single source. Its innovative application feature allows users to virtually try on products before making a purchase, enhancing the shopping experience and ensuring customer satisfaction.

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

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.

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.
Arabian Industrial Calibration