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 was established in 2011 by a group of likeminded investors, to lead the angel investment scene and support entrepreneurs in the kingdom. The group has 340 members across Saudi Arabia, we are organized in four regional chapters and our members have invested $6.4 million in 23 startups since its inception.
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.
Oqal members holds by-invitation-only pitching events every other month in each chapter, where maximum of 5 startups pitch to the members. All startups go through a selection process conducted by a selection committee that consists of around 10 investors.
If you are interested in becoming a member, please apply through our website oqal.org or contact us at email@example.com.
If you are an entrepreneur seeking investment, please visit our FAQ page http://oqal.org/ar/the-opportunities/faq or you can contact us at firstname.lastname@example.org for further enquiries.