HALA Capital (formerly Hala Ventures) is a private investment firm based in Khobar. It started an institutional fund in 2014, was established in its current form in 2018, and received a Capital Market Authority license in 2025. Its portfolio includes Tamara, Nearpay and Magnet.
About HALA Capital (formerly HALA Ventures)
It was founded by Ali Abu Alsaud and Hussain Almarhoon, and began as a fund under Alofoq Financial Group in 2014. In October 2025 it announced its transformation into HALA Capital, a closed joint-stock company licensed by the Capital Market Authority (license 25318-02), covering venture capital, private equity and private credit. It took part in Tamara's seed round in 2021, and its portfolio includes Sarwa, Magnet, Fuze, Torod, Intella and Nearpay.
Renamed HALA Capital in October 2025. Four exits through June 2024, according to Forbes Middle East.
From its portfolio
Team
- Ali AbussaudFounder & CEO
- Hussain AlmarhoonFounder & CFO