Investcorp, a prominent global alternative investment firm, has established a strategic partnership with Awaed, Saudi Arabia’s leading commission-free trading platform. This collaboration amplifies Investcorp’s growth in the Middle East’s fintech landscape, aligning with Saudi Arabia’s Vision 2030, which aims to diversify the economy beyond oil and foster financial technology.
The partnership enables Awaed’s expanding user base to access Investcorp’s newly launched Saudi Pre-IPO Growth Fund, designed to assist promising local businesses in preparing for public listings. This fund democratizes investment opportunities, allowing retail investors to participate in pre-IPO investments, typically reserved for high-net-worth and institutional investors. This development marks a significant shift, providing unprecedented access to retail investors interested in Saudi Arabia’s evolving economy.
Founded in 2021, Awaed has quickly gained traction among Saudis seeking affordable investment solutions. This partnership positions Investcorp uniquely within the region’s fintech sector as it seeks to engage with Saudi Arabia’s youthful, tech-savvy population.
Investcorp’s broader strategy includes a recent $1 billion initiative supported by the China Investment Corporation to stimulate investments between China and GCC nations. This partnership with Awaed reflects Investcorp’s commitment to the Gulf’s economic growth and engagement with the rapidly changing financial landscape.