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Oqal

Oqal Group (combined from the two Arabic words "Oqool: meaning minds" and "AmwaL: meaning money"). It is a non-profit organization, the first angel investor network in Saudi Arabia with the main objective of growing the SME sector in the country. OQAL Connects entrepreneurs with local/regional investors who are willing to invest in startups, and provide aid to entrepreneurs through guidance from members with specific expertise in knowledge areas such as marketing, finance, accounting, etc.

Oqal investors search for local early-stage highly scalable startups with high potential growth across all sectors. Oqal members make their own investment decisions either individually or in groups in the range of $80,000 to $1.3 million.