Oqal

General contacts
Investor type

VC / Angel

Founded

2021

AUM

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Location

Riyadh, Riyadh Province, Saudi Arabia

Investment Ticket

$0-1 m

Investment Stage

Seed Pre-seed Series A

Region of investment

Middle East
Investor profile last updated: 21 August, 2026

Profile

Oqal is an angel investment network based in Riyadh, Saudi Arabia, founded in 2011. The network was established by a group of young entrepreneurs with the aim of connecting angel investors with innovative startups. Oqal operates with a small team and focuses on fostering economic growth and improving the quality of life through strategic partnerships. The firm is known for its collaborative approach and strong ties with local and regional partners.

Oqal primarily invests in early-stage startups across sectors such as technology, digital services, consumer products, and financial services. The typical investment size is not explicitly mentioned, but as an angel network, it likely involves smaller check sizes typical of early-stage investments. Oqal has strategic partnerships with organizations like Monsha'at and SVC to enhance its investment capabilities and support its portfolio companies.

Notable investments by Oqal include Careem - a ride-hailing service, Hungerstation - a food delivery platform, Clara - a legal tech business, Siin - an internet retail company, and Mantas - a network management software provider. These investments highlight Oqal's commitment to high-growth sectors and its support for transformative startups within the region.

Industry

Business Services (B2B) Consumer Products Digital Technology E-commerce/Marketplace Financial Services Fintech Food and Beverage Logistics Foodtech IT Services Mobile/Apps SaaS

Contacts

Name
Title
Email
Social Networks
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Faris Al-Rashed Founder & Chairman of Board of Trustees
Founder & Chairman of Board of Trustees
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LinkedIn
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Khaled Zainalabedin President - Bahrain Chapter
President - Bahrain Chapter
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LinkedIn
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FAQs about Oqal

Oqal is a venture capital firm that also operates as an angel investor. It backs companies at Seed, Pre-seed and Series A, writing tickets of $0-1 m.
Oqal is located in Riyadh, Riyadh Province, Saudi Arabia.
Oqal was founded in 2021.
Oqal invests in companies and startups in Business Services (B2B), Consumer Products, Digital, Technology, E-commerce/Marketplace, Financial Services, Fintech, Food and Beverage, Logistics, Foodtech, IT Services, Mobile/Apps, SaaS.
Oqal invests in companies and startups in Middle East.
Oqal invests in companies and startups at Seed, Pre-seed, Series A.
Oqal usually invests $0-1 m on average.
Oqal can be reached through its website oqal.org, its LinkedIn page and its X account. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Oqal — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Oqal directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 21 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.