# PE firms based in Saudi Arabia (2026 list)

> 43 PE firms based in Saudi Arabia, 9% active in the last 12 months. Led by Rua Growth Fund, SABIC, ANB Capital. Ranked by what they funded.

Source: https://millionrounds.com/lists/pe-firms-based-in-saudi-arabia (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# PE firms based in Saudi Arabia

Updated 7 November 2026

PE firms headquartered in Saudi Arabia.

[See all 43 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-based-in-saudi-arabia)The top 25

**43** investors on the list No change this week

**6** cheques in 12 months Too few cheques to tell

**$25M** median round they joined *+210%* against the market median

**9%** wrote a cheque in 12 months

**9%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (4)

- 1 [Rua Growth Fund](https://millionrounds.com/fund/rua-growth-fund) *Deploying now* Growth equity · Saudi Arabia **4** **$3M** median round **Aug 2026** last seen
- 2 [SABIC](https://millionrounds.com/fund/sabic) quiet Growth equity · Saudi Arabia **4** **$8.9M** median round **Mar 2019** last seen
- 3 [ANB Capital](https://millionrounds.com/fund/anb-capital) *Deploying now* Growth equity · Saudi Arabia **3** **$31M** median round **Sept 2026** last seen
- 4 [Artal Capital](https://millionrounds.com/fund/artal-capital) *Deploying now* Private equity · Saudi Arabia **2** **$19M** median round **Oct 2026** last seen
- 5 [Kingdom Holding Company](https://millionrounds.com/fund/kingdom-holding-company) quiet Private equity · Saudi Arabia **2** **$185M** median round **Aug 2018** last seen
- 6 [National Petrochemical Industrial Company](https://millionrounds.com/fund/national-petrochemical-industrial-company) quiet Growth equity · Saudi Arabia **2** **$45M** median round **Jul 2016** last seen
- 7 [Olayan Financing Company](https://millionrounds.com/fund/olayan-financing-company) *Deploying now* Growth equity · Saudi Arabia **2** **$87M** median round **Feb 2026** last seen
- 8 [Merak Capital](https://millionrounds.com/fund/merak-capital) quiet Private equity · Saudi Arabia **1** **$1.8M** median round **Aug 2025** last seen
- 9 [Saudi Arabia's Public Investment Fund](https://millionrounds.com/fund/saudi-arabia-s-public-investment-fund) quiet Private equity · Saudi Arabia **1** **$33M** median round **Jan 2025** last seen
- 10 [Technology Control Corporation](https://millionrounds.com/fund/technology-control-corporation) quiet Growth equity · Saudi Arabia **1** **$50M** median round **May 2013** last seen
- 11 [Ad Astra](https://millionrounds.com/fund/ad-astra) quiet Growth equity · Saudi Arabia **1** **$6M** median round **Sept 2003** last seen
- 12 [CMS](https://millionrounds.com/fund/cms) quiet Growth equity · Saudi Arabia **1** **$92M** median round **Apr 2025** last seen
- 13 [EWTP Arabia Capital](https://millionrounds.com/fund/ewtp-arabia-capital) quiet Private equity · Saudi Arabia **1** **$7M** median round **Nov 2023** last seen
- 14 [Wings](https://millionrounds.com/fund/wings) quiet Private equity · Saudi Arabia **1** **$850K** median round **May 2015** last seen
- 15 [Al Yamama Group](https://millionrounds.com/fund/al-yamama-group) unknown Private equity · Saudi Arabia **none observed** **-** median round **-** last seen
- 16 [AlHoloul alMutkamela Holding Company - AlHamah](https://millionrounds.com/fund/alholoul-almutkamela-holding-company-alhamah) unknown Private equity · Saudi Arabia **none observed** **-** median round **-** last seen
- 17 [Alt Capital](https://millionrounds.com/fund/alt-capital-3) unknown Private equity · Saudi Arabia **none observed** **-** median round **-** last seen
- 18 [Amwal AlKhaleej](https://millionrounds.com/fund/amwal-alkhaleej) unknown Private equity · Saudi Arabia **none observed** **-** median round **-** last seen
- 19 [Anaam Group](https://millionrounds.com/fund/anaam-group) unknown Private equity · Saudi Arabia **none observed** **-** median round **-** last seen
- 20 [Batic Investments & Logistics Co](https://millionrounds.com/fund/batic-investments-and-logistics-co) unknown Private equity · Saudi Arabia **none observed** **-** median round **-** last seen
- 21 [Dar Al-Aila](https://millionrounds.com/fund/dar-al-aila) unknown Private equity · Saudi Arabia **none observed** **-** median round **-** last seen
- 22 [EWPartners](https://millionrounds.com/fund/ewpartners) unknown Private equity · Saudi Arabia **none observed** **-** median round **-** last seen
- 23 [Elixir](https://millionrounds.com/fund/elixir) unknown Private equity · Saudi Arabia **none observed** **-** median round **-** last seen
- 24 [Equivator](https://millionrounds.com/fund/equivator) unknown Private equity · Saudi Arabia **none observed** **-** median round **-** last seen
- 25 [Fintactics Ventures](https://millionrounds.com/fund/fintactics-ventures) unknown Private equity · Saudi Arabia **none observed** **-** median round **-** last seen

**18 more on this list**

All 43 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-based-in-saudi-arabia)

## The Newest Cheques

Rounds this list's investors joined most recently

- **11** Oct **[Autobia](https://millionrounds.com/company/autobia)** Series A · $12M *Led by* [Artal Capital](https://millionrounds.com/fund/artal-capital)
- **28** Sept **[erad](https://millionrounds.com/company/erad)** Series A · $22M *With* [ANB Capital](https://millionrounds.com/fund/anb-capital)
- **14** Sept **[BRKZ](https://millionrounds.com/company/brkz)** Series B · $31M *With* [ANB Capital](https://millionrounds.com/fund/anb-capital)
- **2** Sept **[FlyAkeed](https://millionrounds.com/company/flyakeed)** Growth · $25M *With* [Artal Capital](https://millionrounds.com/fund/artal-capital)
- **19** Aug **[AILA](https://millionrounds.com/company/aila)** Pre-seed · $3M *Led by* [Rua Growth Fund](https://millionrounds.com/fund/rua-growth-fund)
- **20** Feb **[Breadfast](https://millionrounds.com/company/breadfast)** Growth · $50M *With* [Olayan Financing Company](https://millionrounds.com/fund/olayan-financing-company)

## Stages This Year

6 rounds

- Growth **33%**
- Series A **33%**
- Pre-seed **17%**
- Series B **17%**

## What They Backed

Sectors, last 12 months

- Fintech **4**
- Logistics **2**
- AI **2**
- B2B **1**
- Edtech **1**
- E-commerce **1**

## Cheques by Quarter

Led Joined

1 Q1 25

1 Q2 25

4 Q3 25

Q4 25

1 Q1 26

Q2 26

4 Q3 26

1 Q4 26

The last bar is the quarter still running.

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[All investor lists *→*](https://millionrounds.com/lists)

## Quick answers about PE firms based in Saudi Arabia

### Who are the most active PE firms based in Saudi Arabia?

By cheques observed, the most active are Rua Growth Fund, SABIC, ANB Capital, Artal Capital and Kingdom Holding Company.

### How many PE firms based in Saudi Arabia are there?

43 are on record. 9% made an investment in the last 12 months and 9% have led a round.

### Which stages do PE firms based in Saudi Arabia back?

Of the rounds with a named stage in the last 12 months, mostly Growth (33%) and Series A (33%).

### How big are the rounds PE firms based in Saudi Arabia join?

The typical (median) round among the leading investors here is $31M.

### Which sectors do PE firms based in Saudi Arabia back most?

In the last 12 months, mostly Fintech, Logistics and AI.

### Which PE firms based in Saudi Arabia lead the most rounds?

Rua Growth Fund (1 led), Artal Capital (1 led) and Merak Capital (1 led).

### What have PE firms based in Saudi Arabia invested in recently?

Recent rounds include Autobia (Series A, Oct 2026, with Artal Capital), erad (Series A, Sept 2026, with ANB Capital) and BRKZ (Series B, Sept 2026, with ANB Capital).

### How is this list of PE firms based in Saudi Arabia ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)