Investcorp, a prominent global alternative investment firm, has established a strategic alliance with Awaed, Saudi Arabia’s first commission-free trading platform. This collaboration aligns with Saudi Arabia’s Vision 2030, aimed at diversifying the economy through the financial technology sector.
Through this partnership, Awaed’s users will gain access to Investcorp’s newly launched Saudi Pre-IPO Growth Fund, designed to assist emerging Saudi companies in their journey to public offerings. This fund democratizes investment opportunities, allowing retail investors to participate in pre-IPO investments typically reserved for wealthy individuals and institutions.
Founded in 2021, Awaed has rapidly become popular among Saudi nationals seeking accessible investment options. Investcorp’s collaboration represents a strategic shift, as it aims to engage Saudi Arabia’s tech-savvy youth, encouraging them to explore investments beyond traditional avenues.
This partnership also coincides with increasing governmental and private support for the fintech ecosystem in the region, creating a conducive environment for innovation. With this initiative, Investcorp and Awaed are set to significantly influence Saudi Arabia’s investment landscape by enabling retail participation in high-growth local enterprises.