The map·Saudi Arabia·VC funds & investors

Rua Growth Fund

Saudi growth fund managed by Osool & Bakheet, CMA-licensed, and a Jada portfolio fund.

What
Equity investment.
Who
Early and growth-stage companies incorporated or operating in Saudi Arabia.
Cost
Equity
Backed by
Jada Fund of FundsSaudi Venture Capital (SVC)
Status
Active

Checked · September 2026 · rua.vc · How we check ↗

Website ↗On the map →

In detail

Rua Growth Fund is a venture capital in Saudi Arabia. Saudi growth fund managed by Osool & Bakheet, CMA-licensed, and a Jada portfolio fund. Led a $6M growth round in Lucidya (rua.vc).

Amount
Reported as $45M by Wamda/ISSF ($5M ISSF commitment); rua.vc itself states no fund-size figure.
Eligibility
Incorporated in or significant operations in Saudi Arabia · early and growth stage
Focus
FinTech, online marketplaces, enterprise SaaS
Portfolio
Lucidya (per rua.vc news; the live /portfolio page currently lists no populated companies)
Status
Active

What the source says

“Combining 100+ years of experience in investments, technology, operations and entrepreneurship to lead the next wave of tech ventures”

rua.vc · seen September 2026

Closing soon on the map

Cultural Development Fund (CDF)

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Up to SAR 500,000 non-repayable per project, capped at 20 projects total.
No equity — grant
29 Sep 2026closes

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SAR 100,000 development funding, earmarked rather than paid as cash.
Equity via SAFE, capped at 5%
4 Oct 2026closes

QSTP Incubation

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In-kind support: Doha workspace and housing for a four-week Sprint, talent and investor access.
Equity — 1.5% deferred SAFE-style stake
1 Nov 2026closes

All published deadlines →

More VC funds & investors in Saudi Arabia

Growth Catalyst

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SAR 360M first close, deploying growth capital to mid-market companies.
Equity
—

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Equity investment at seed and early growth stage.
Equity
—

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VC ticket not published.
Equity or debt
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Equity investment of $100K–$700K, up to $500K at seed and up to $2M at early stage.
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—

All VC funds & investors in Saudi Arabia →  ·  Across the Gulf →

Sources

Primary source · rua.vc · Checked September 2026