Qewam Holding has officially acquired Iwan Ventures, a SAR 50 million venture capital fund, in a strategic move to bolster its position as a key innovation enabler in the region. The acquisition is a central part of Qewam’s strategy to scale transformative ventures and support the local and regional entrepreneurial ecosystem.
A Strategic Rebrand and Integration
Following the acquisition, Iwan Ventures will be rebranded as Q Fund and will operate as the dedicated and independent investment arm of Qewam Holding. While maintaining its operational autonomy, Q Fund is set to leverage Qewam’s extensive AI-driven infrastructure, deep venture-building expertise, and expansive strategic network to accelerate the growth of its portfolio companies.
This integration aims to provide startups with a unified environment where they can access capital, technology, and long-term strategic support, creating a clear pathway for sustainable growth.
New Leadership to Spearhead Growth
Lewa Abukhait has been appointed as the CEO of the new Q Fund. With a strong track record in venture capital and ecosystem development, Abukhait will lead the fund’s next phase of expansion, focusing on investing in high-impact startups and providing founders with comprehensive operational support and strategic partnerships.
“The acquisition of Iwan Ventures by Qewam marks a significant evolution in Saudi Arabia’s entrepreneurial landscape,” said Lewa Abukhait, CEO of Q Fund. “This move brings together capital, infrastructure, and expertise in a way that empowers founders with more than just funding. It offers them the tools, insights, and networks needed to build sustainable, scalable ventures.”
A Founder-First Philosophy
The launch of Q Fund is designed to reinforce Qewam’s founder-first approach, combining financial backing with the hands-on support necessary for building enduring companies.
Sami AlKhlout, Chief Operating Officer of Qewam Holding, added: “We don’t just invest in companies—we invest in people, and in real solutions to real challenges. Q Fund reflects Qewam’s founder-first philosophy. With this launch, we’re reinforcing our ability to stand beside founders from day zero all the way to scale. It’s a proud moment for our team and a fresh opportunity to build the future together.”
Wael Altorabi, CEO of Qewam Holding, commented on the strategic vision behind the move: “Rebranding Iwan Ventures into Q Fund creates a next-generation investment platform that blends local insight with cutting-edge AI. This move advances our commitment to backing visionary founders, accelerating economic diversification, and aligning with the goals of Saudi Arabia’s Vision 2030. Together, we aim to fuel the rise of bold, impactful ventures.”
About Qewam Holding
Qewam Holding is a Saudi-based firm focused on building and developing innovative projects locally and regionally. Through its AI-driven infrastructure and venture-building expertise, the company acts as a key engine for entrepreneurial growth, supporting founders with capital, technology, and a strategic ecosystem designed to help startups thrive and scale.
Source: Jawlah
