# OQAL

OQAL is an Endowment / Foundation based in Riyadh, Saudi Arabia.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Riyadh, Saudi Arabia
- **Region:** Middle East
- **Address:** Riyadh, Saudi Arabia
- **Founded:** 2011
- **Assets under management:** 31 (Altss estimate)
- **Website:** oqal.org
- **LinkedIn:** https://sa.linkedin.com/company/oqalangels

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Venture Capital

## People

- 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

## 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.

## Related profiles

- [Geiprev](https://altss.com/profile/geiprev)
- [Alpine Select Alternative Fund](https://altss.com/profile/alpine-select-alternative-fund)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/oqal

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