Saudi-based investment firm Growth Catalyst has announced the first close of a $96 million fund aimed at supporting local companies. The close marks a significant milestone, positioning it as one of the first private investment vehicles to successfully raise capital since the onset of recent regional instability.
Quick Facts
- Fund Size: $96 million first close
- Key Investors: Saudi Venture Capital (SVC), regional family offices
- Investment Focus: Profitable Saudi companies across multiple sectors
Fundraising Amidst Regional Instability
According to Turki Al-Dayel, Founder and CEO of Growth Catalyst, the regional developments did not materially affect the fundraising process.
Instead, Al-Dayel explained that the situation reinforced investors’ conviction that Saudi Arabia currently stands as a pillar of stability and economic momentum in the Middle East.
Strategy and Backers
The new fund attracted capital from both public and private sector investors, including the Saudi Venture Capital company (SVC) and a number of prominent family offices from the region.
Growth Catalyst will target investments in established, profitable companies operating in the services, business, consumer goods, healthcare, and technology sectors. The firm also stated its intention to double the fund’s size over the next six months before reaching its final close.
About Growth Catalyst
Founded by CEO Turki Al-Dayel, Growth Catalyst is a Saudi Arabian investment firm focused on deploying capital into profitable local businesses. The firm invests across a range of strategic sectors, including services, consumer goods, healthcare, and technology, with backing from major institutional investors like Saudi Venture Capital (SVC) and regional family offices.
Source: Jawlah
