Watheeq Capital is pleased to announce that it has received approval from the Capital Market Authority (CMA) to conduct investment management and fund operation activities in the securities business. The company has also fulfilled all requirements to commence operations, including increasing its capital from 5 million SAR to 20 million SAR.

It is worth noting that Watheeq Capital has been licensed to provide investment management, arranging, and advisory services in securities since 2018. Since then, the company has successfully established and managed six venture capital and private equity funds, most notably the Watheeq PropTech Fund, which focuses on investing in real estate technology companies.

Watheeq Capital has also served as the financial advisor for the listing of seven companies on the Nomu Parallel Market. Additionally, it manages investment portfolios in the financial market on behalf of several corporations and high-net-worth investors.

The capital increase and the acquisition of the investment management and fund operations license, enabling Watheeq Capital to manage and operate real estate funds, are part of the company’s strategic plan to expand its offering of innovative investment services. Real estate funds stand out as one of the most prominent investment products in the real estate sector. The company leverages the extensive expertise of its founders, Ibrahim bin Mohammed Al-Alwan and Abdullah bin Ibrahim Al-Muhareb, who played a pioneering role in establishing the first closed-end real estate fund in Saudi Arabia in 2008. Together, they have been instrumental in the creation and management of more than 15 real estate funds throughout their careers.

Following the acquisition of this license, Watheeq Capital plans to launch a series of specialized real estate funds aimed at providing innovative investment tools and delivering returns that meet client expectations. This aligns with the company’s strategy to offer sustainable and exceptional investment solutions.