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NOMD Holding
Al-Khushail founded NOMD Holding as a private investment vehicle and chairs its board, anchoring the firm's identity around Saudi Arabia's Vision 2030...
NOMD Holding
Al-Khushail founded NOMD Holding as a private investment vehicle and chairs its board, anchoring the firm's identity around Saudi Arabia's Vision 2030 technology mandates. The firm operates a lean architecture where most disclosed activity flows through subsidiaries rather than a sprawling portfolio, with its commercial real-estate arm providing a parallel but separate yield stream. The firm's deployment concentrates on controlling or deeply involved positions in data-centric businesses. Its most visible tie is to nybl, an AI and IoT platform where Al-Khushail serves as Chairman. The subsidiary Basserah merged into nybl, bringing CEO Abdulaziz Almalki into the ecosystem as Chief Revenue Officer and embedding co-founder Noor Alnahhas as nybl's CEO — a full-stack operator relationship rather than a passive minority stake. The holding company explicitly lists ICT infrastructure as a target alongside big data, though specific deal sizes remain undisclosed. NOMD keeps its headcount and total commitments quiet, but publicly tied entities include the commercial real-estate vehicle NOMD Real Estate Investment Company, also based in Riyadh. Al-Khushail's personal capital as an executive partner and mentor at the Qimam Fellowship reinforces the firm's posture as a local ecosystem architect rather than a thematic fund manager. The absence of any known international portfolio companies aligns with its website's singular geographic focus on Saudi Arabia. What distinguishes NOMD structurally is the concentration of its talent via mergers between controlled entities. Basserah effectively folded its operating team into nybl under Al-Khushail's chairmanship, creating a combined unit that reports directly into the holding company. This consolidation model — absorbing early-stage tech vehicles into a single AI/data platform — allows the firm to avoid the overhead of managing a broad venture portfolio while maintaining operational control over the assets it chooses to scale.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
Middle East
Country
Saudi Arabia
City
Riyadh
Corporate office
7086 Al Abbas Ibn Abdulmutalib, 2902, Riyadh 12475, Saudi Arabia
Principals
Mohammed Al-Khushail
Founder & Chairman
Altss tracks 2 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who makes investment decisions at NOMD Holding?
Founder and Chairman Mohammed Al-Khushail is the central decision-maker. All documented portfolio activity — including the merger of subsidiary Basserah into nybl — traces directly to his chairmanship of both the holding company and its largest platform entity. The firm does not publicize an investment committee or additional deal professionals.
Is NOMD a single-family office or a broader asset manager?
NOMD is structured as a privately held investment firm headquartered in Riyadh. Its tight operator model — concentrated equity in a handful of technology subsidiaries, with Al-Khushail serving as chairman across the group — is consistent with single-family-office architecture, though the firm does not disclose its ultimate beneficial ownership structure or accept outside capital.
What is the relationship between NOMD Holding, Basserah, and nybl?
Basserah was a NOMD subsidiary that merged into nybl, an AI and IoT platform where Mohammed Al-Khushail serves as Chairman. Post-merger, Basserah's former CEO Abdulaziz Almalki became Chief Revenue Officer at nybl, joining co-founder and CEO Noor Alnahhas in the firm's most concentrated operating bet. The transaction consolidated NOMD's AI/data exposure under a single entity.
Does NOMD invest outside Saudi Arabia?
All known holdings and offices, including the commercial real-estate arm NOMD Real Estate Investment Company, are based in Riyadh. The firm's public statements and website describe its investment scope as exclusively Saudi, aligning with a strategy tied to domestic technology and infrastructure mandates under Vision 2030.
Does NOMD invest in companies it doesn't control?
There is no public evidence of passive minority investments. The documented model — merging a subsidiary into a controlled platform company and placing its founder as chairman — reflects a preference for operational influence. The firm's website cites 'strategic resources, expertise, and support,' suggesting hands-on engagement rather than portfolio diversification.
What sectors does NOMD avoid?
The firm's narrow mandate around IoT, big data, and ICT infrastructure implies deliberate avoidance of sectors like healthcare services, consumer goods, or traditional energy. The presence of a separate real-estate subsidiary suggests property exposure is compartmentalized rather than blended into the technology portfolio.
Does NOMD maintain philanthropic or fellowship programs?
Al-Khushail serves as an Executive Partner and Mentor at Qimam Fellowship, a professional network for high-potential Saudi talent. While the fellowship is not a NOMD subsidiary, his personal involvement aligns with the firm's stated commitment to 'equipping youth with skills and opportunities to shape the future economy.'
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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