Merak Capital
2nd Floor, 6959 Prince Turki Ibn Abdulaziz Al Awwal Rd, Riyadh, Al Mohammadiyyah, 12364, Saudi Arabia
Overview
Merak Capital is a licensed company by the CMA to manage private investment funds, investor portfolios, and advise on financial securities, under the license number 18194-32, with a specialized focus on technology investments. Investments are done across different asset classes, with a primary focus on equities. In the private equity class, as well as venture capital, the main regions of operation are KSA and MENA. In public equities, investments operate on global stock exchanges. At Merak Capital we focus on technology as the main driver for growth across the globe, and specifically in Saudi Arabia and the MENA region. We build our internal teams around technological research and understanding, staying at the forefront of breakthrough software and hardware, and finding investment opportunities that are aligned with adoption cycles from different sectors. Nowadays, most businesses and sectors are becoming digitized to stay relevant and compete with new entrants. Technological integration shifted from a luxury and a competitive advantage to a must-have for businesses and governments alike. Merak Capital is positioned to lead investments in this transition as well as unlock new markets and venues for growth, enabled by technological innovation and the entrepreneurial spirit.
- Total investments
- 18
- Lead investments
- 17
- Investments · 12mo
- 14
- Active investors
- 8
Sector focus
- Apps
- Facial Recognition
- Government
- Image Recognition
- Mobile
- Natural Language Processing
- Speech Recognition
- Virtual Assistant
Investment portfolio
- Majestic Mind Games
Led · Seed · Aug 2026
Majestic Mind Games develops games that are designed to be both entertaining and mentally engaging, aiming to deliver positive real-world value through play. The studio was founded by Lujain Albukhari and Majed Anbar. It is backed by NEOM and recently closed a $1.45 million seed round co-led by Merak Capital and Impact46. The funding provides early-stage capital to support the company's growth as a newly founded game studio. Coverage identifies the company as based in Jeddah. No public operating metrics or prior funding rounds were disclosed in the articles.
- Ash Games Studio
Led · Seed · Jul 2026
Ash Games Studio, founded in 2022, develops action-adventure and top-down roguelite games rooted in Saudi stories, history and traditions. Its debut/commercial release was Azooma Escape, a comedic stealth adventure released in August 2025, which the team is considering adapting for mobile if controls allow. The studio revealed a trailer for its second title, Nomad: The Legend of Zarqa, a top-down action roguelite based on ancient Arabian folklore featuring a protagonist whose arrows can be guided mid-flight. Led by founders Anas Bakhsh, Yaser Alahmadi, and Saud Bakolka, the team aims to build story-driven, culturally authentic games that can compete with leading independent studios globally. The company recently raised $1.5 million in seed funding co-led by Merak Capital (Merak Gaming Fund) and Impact46 to support its ongoing projects and growth plans.
- Floaty
Led · Equity · Jul 2026
Founded in 2023 and based in Riyadh, Floaty Studio develops hybrid-casual mobile games aimed at global audiences. The studio’s current slate includes Pirasea, a tactical pirate strategy title, and Hero Squad, a sci-fi action game featuring squad-based combat; it previously released PLATE during its incubator days. Floaty graduated from NEOM’s Level Up Accelerator, which provided mentorship in game production, user acquisition, and monetization. With a $1M investment from Merak Capital, Floaty plans to scale development infrastructure and expand its creative team to accelerate production. The funding is positioned as a turning point to transition the studio from a regional startup into a scalable game development house. No revenue, user, or valuation figures were disclosed in the articles.
- Arib
Led · Equity · May 2026
Arib operates a digital financing marketplace that lets customers compare financing offers and apply online based on their financial profiles and borrowing needs. Founded in 2018 by Omar Alhammad, Mohamed Dessouky, and Waleed Talat, the company connects users with banks and licensed lenders through a single platform. Arib plans to expand its technology infrastructure and accelerate product development following its latest funding. The company aims to launch additional financing products targeting both consumers and businesses, including Sharia-compliant options. Arib is positioning itself to benefit from rising demand for digital lending and embedded finance among younger consumers, entrepreneurs, and SMEs in Saudi Arabia as the country modernizes its financial sector under Vision 2030.
- Hakeem Health
Led · Equity · May 2026
Hakeem Health develops HakeemDx, a platform that integrates with hospital EMR and laboratory systems to deliver real-time, evidence-based clinical guidance in Arabic and English at the point of care. The bilingual capability is a deliberate design choice to serve GCC health systems rather than adapting products built elsewhere. The company targets clinicians working in over 2,000 hospitals across Saudi Arabia, the UAE, and Egypt who face time-pressured, high-stakes decisions and inconsistent access to up-to-date clinical evidence. Hakeem Health's recent $1.65 million funding round, led by Merak Capital with participation from Sanabil Investments, is intended to accelerate institutional adoption across hospitals and health systems in the region. The raise reflects a regional shift toward investing in clinical infrastructure inside hospitals rather than only patient-facing digital health solutions.