News & Insights

Riyadh, Saudi Arabia — Growth Catalyst Fund, a Saudi private equity fund specializing in mid-market companies, has announced the completion of its first close with total capital commitments of SAR 360 million, within a target fund size of SAR 750 million.

The first close drew support from leading government entities, investment institutions, and endowments, alongside a group of institutional investors, family offices, and individual investors — reflecting strong confidence in the fund's strategy and the growth opportunities it targets.

Turki Al Dayel, Founder and CEO of Growth Catalyst Investment Company and Fund Manager, said: "The first close marks an important milestone in the fund's journey and reflects the confidence our investment strategy has earned from investors and partners. We look forward to deploying capital into promising opportunities that support the growth of Saudi mid-sized companies, strengthen their ability to scale, and create sustainable value."

The fund targets profitable, founder-led Saudi companies that have reached pivotal stages of growth and transformation, supporting them in strengthening governance, building institutional capabilities, and accelerating growth and expansion — enhancing their readiness for an initial public offering, strategic exit, or institutional ownership transition.

The fund's strategy aligns with Saudi Vision 2030 by supporting private-sector growth, deepening capital markets, and increasing the contribution of small and mid-sized enterprises to the national economy. It pursues a diversified approach across vital sectors including industrials, technology, healthcare, consumer, and business services.

Growth Catalyst Fund is managed by Growth Catalyst Investment Company, a licensed Saudi investment firm regulated and supervised by the Capital Market Authority, led by a Saudi team with deep expertise and extensive networks across private capital markets regionally and globally.

Growth Catalyst Investment Company has announced that Saudi Venture Capital (SVC) has committed as a cornerstone investor in the Growth Catalyst Fund — the firm's flagship Saudi-focused private equity vehicle, targeting growth-stage businesses across the Kingdom and the broader GCC.

The fund is positioned to support founder-led Saudi enterprises at a critical stage of expansion, with sector focus across healthcare, education, renewable energy, food and beverage, and industrials — areas central to the Kingdom's Vision 2030 transformation agenda.

Turki Al-Dayel, Founder and CEO of Growth Catalyst Investment Company, said: "Mid-sized companies represent a key driver of the Saudi economy, particularly during the transition toward institutional maturity. The fund is specifically designed to support these companies through long-term capital and an active investment approach focused on value creation."

An analysis of how regulatory reforms and economic diversification are creating unprecedented entry points for institutional capital into family-owned enterprises.

Examining the correlation between sovereign economic strategies and the rise of mid-market private equity as a primary driver for non-oil GDP progression.