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 Riyadh

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.

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.

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.