Ithraa Venture Capital

Ithraa Venture Capital, based in Riyadh, Saudi Arabia, is an investment bank specializing in financial advisory, asset management, investment banking, private equity, M&A, IPOs, and business valuation services. Operating as a closely held joint stock company with SR 400 million (approximately $106 million) authorized capital, it offers Shariah-compliant investment products to institutional and individual investors in the GCC. The firm was established by Atheeb Group, alongside strategic partners Ithmaar Bank B.S.C., Kuwait Investment Company, and Al Nahla Group. Ithraa's portfolio includes technology startups like Glamera, in which it participated in a $1.3 million seed round in October 2022, and Blnk. The organization was founded by this consortium of partners to provide comprehensive financial solutions. Its business model centers on closely held joint stock company with authorized capital of SR 400 million, generates revenue through financial services like corporate finance, debt/equity financing, and asset management.