Riyadh – Sharikat Mubasher: Qewam Holding acquired Iwan Ventures, a SAR 50 million venture capital fund, in a move that strengthens its role in shaping the region’s innovation and startup landscape.
Following the acquisition, Iwan Ventures will rebrand as Q Fund, becoming Qewam’s dedicated and independent investment arm, according to a recent press release.
Despite its autonomy, Q Fund will tap into Qewam’s AI-driven infrastructure, venture-building capabilities, and strategic network to accelerate the growth of high-potential startups. The fund will focus on supporting founders with both capital and hands-on operational expertise.
Lewa Abukhait has been appointed CEO of Q Fund, bringing significant experience in venture capital and ecosystem development. He said the new fund represents an evolution in Saudi Arabia’s entrepreneurial landscape, combining capital, infrastructure, and expertise to help founders build scalable businesses.
Sami AlKhlout, COO of Qewam Holding, noted that the initiative reflects a founder-first philosophy, while Wael Altorabi, Qewam CEO, emphasized that Q Fund will blend local insight with advanced AI tools to back ventures aligned with Vision 2030.
The launch of Q Fund underscores Qewam’s commitment to building a robust environment for startups, offering long-term support to help founders move from idea to scale.
