Merak Capital is a multi-strategy investment firm based in Riyadh, founded in 2020 and licensed by the Capital Market Authority. It manages more than SAR 3 billion across venture capital, private equity and credit.
About Merak Capital
Abdullah Altamami and Othman Alhuqail founded Merak Capital in 2020, and it is fully owned by its partners. It launched the Merak Tech Ventures Fund at SAR 131.25 million in 2021, the Merak Gaming Fund at SAR 306 million in 2024, and a fashion fund at SAR 300 million, backed by the Cultural Development Fund, in 2025. It led Qoyod's Series A in 2020 and invested in Jisr through its private equity arm.
A multi-strategy firm (venture capital, private equity, credit, real assets). Capital Market Authority license no. 18194-32. The firm has warned about fake accounts impersonating its name.
What it invests in
- Stages
- Seed, Series A, Growth
- Sectors
- Fintech, Gaming
- Fund size (More than SAR 3 billion across more than 10 funds (approximate conversion))
- $800M (2025-10) Source
- Among the fund’s investors
- Cultural Development Fund (Fashion Fund)
From its portfolio
Jisr
A cloud system for HR, payroll and attendance, linked to government systems such as GOSI, Mudad and Qiwa
- Stage
- Series A
- Raised
- $30M
- Founded
- 2016
- City
- Riyadh
Qoyod
Cloud accounting software for small and medium businesses, approved for e-invoicing by the Zakat, Tax and Customs Authority
- Stage
- Series A
- Raised
- $2.1M
- Founded
- 2014
- City
- Riyadh
Team
- Abdullah AltamamiFounder & CEO
- Othman AlhokailFounder & Managing Partner
- Mohannad AlfayezPartner & Head of Capital Formation