In a strategic move that strengthens its position as a regional innovation leader, Qewam Holding has officially acquired Iwan Ventures, a SAR 50 million venture capital fund. The acquisition marks a significant milestone in Qewam’s mission to scale transformative ventures and accelerate Saudi Arabia’s rapidly growing entrepreneurial ecosystem.
Under the deal, Iwan Ventures will be rebranded as Q Fund, which will now serve as Qewam Holding’s dedicated and independent investment arm. While retaining its entrepreneurial autonomy, Q Fund will gain full access to Qewam’s AI-driven infrastructure, venture-building capabilities, and expansive strategic network—positioning it as a high-impact engine for early-stage growth across the region.
A New Leadership Era for Q Fund
Qewam has appointed Lewa Abukhait as CEO of Q Fund, bringing deep expertise in venture capital, ecosystem development, and founder support. Under his leadership, Q Fund aims to fund high-potential startups while delivering operational guidance, market access, and strategic partnerships designed to accelerate scale.
“The acquisition of Iwan Ventures by Qewam marks a significant evolution in Saudi Arabia’s entrepreneurial landscape,” said Abukhait.
“This move brings together capital, infrastructure, and expertise in a way that empowers founders with more than just funding.”
Founder-First Investment Philosophy
Qewam emphasizes a people-centric approach to venture building—an ethos that now forms the core of Q Fund’s investment strategy.
“We don’t just invest in companies—we invest in people,” said Sami AlKhlout, Chief Operating Officer at Qewam Holding.
“Q Fund reflects Qewam’s founder-first philosophy. With this launch, we’re reinforcing our ability to stand beside founders from day zero all the way to scale.”
A Next-Generation Investment Platform for Vision 2030
Qewam Holding’s CEO, Wael Altorabi, highlighted the broader impact of the acquisition in aligning with Saudi Arabia’s national innovation agenda.
“Rebranding Iwan Ventures into Q Fund creates a next-generation investment platform that blends local insight with cutting-edge AI,” he said.
“This move advances our commitment to backing visionary founders, accelerating economic diversification, and aligning with the goals of Saudi Arabia’s Vision 2030.”
Powering the Future of Regional Innovation
With the launch of Q Fund, Qewam Holding reaffirms its growing influence in shaping the future of technology and entrepreneurship across the Middle East. The new fund creates a unified ecosystem where startups gain access to:
- Capital
- AI-driven venture-building tools
- Operational expertise
- Strategic partnerships
- Long-term, founder-aligned support
The acquisition signals a bold step toward empowering the next generation of founders—and building the companies that will define Saudi Arabia’s innovation economy for years to come.
