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OQAL
OQAL was established in 2011 by Faris Al-Rashed, who serves as Chairman. The endowment draws from a group of young businessmen and angel investors rather than...
OQAL
OQAL was established in 2011 by Faris Al-Rashed, who serves as Chairman. The endowment draws from a group of young businessmen and angel investors rather than a single family fortune. Its mandate centers on building enterprises that support economic and social development in Saudi Arabia and the region. The firm targets early-stage opportunities, specifically seed and startup rounds. It commits capital directly and through co-investment structures alongside partners. Confirmed relationships include an MOU with Wa'ed, the Saudi Aramco Entrepreneurship Center, and a chapter partnership with Zain Bahrain under the Zainnovate program. Geographic focus remains Saudi Arabia and Bahrain. OQAL maintains an estimated $31 million in assets. Faris Al-Rashed also represents the firm in the Venture Capital & Private Equity Association. The network holds membership in the Global Entrepreneurship Network. No operational events from the last 24 months appear in available records. OQAL functions as an endowment vehicle that integrates angel investing with institutional discipline. Its board structure and external MOUs create sourcing channels distinct from typical family offices or pure venture funds.
General information
Firm type
Endowment / Foundation
Year founded
2011
Location
Region
Middle East
Country
Saudi Arabia
City
Riyadh
Corporate office
Riyadh, Saudi Arabia
Principals
Faris Al-Rashed
Founder and Chairman of the Board of Trustees
Musaab Al-Muhaidib
Member of the Board of Trustees
Abdulaziz Al-Omran
Member of the Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at OQAL?
Faris Al-Rashed serves as Founder and Chairman of the Board of Trustees. Musaab Al-Muhaidib and Abdulaziz Al-Omran sit on the same board and participate in oversight.
How does OQAL source proprietary deal flow?
The firm maintains an MOU with Wa'ed, the Saudi Aramco Entrepreneurship Center, and operates a Bahrain chapter through Zain Bahrain. It also participates in Global Entrepreneurship Network platforms.
Does OQAL participate in fund commitments or only direct deals?
OQAL focuses on direct investments in seed and startup rounds. No fund commitments are disclosed in current records.
What investment stages does OQAL typically target?
The firm targets early-stage opportunities, specifically seed and startup rounds, according to its stated strategy.
Where does the underlying wealth come from?
OQAL was formed by a group of young Saudi businessmen and angel investors. No single family or corporate source is publicly attributed.
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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