Al-Akaria Saudi Real Estate Company names new CEO

Mamdouh Saud Al-Sharhan
Updated 05 August 2018
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Al-Akaria Saudi Real Estate Company names new CEO

Al-Akaria Saudi Real Estate Company (SRECO), a publicly listed real estate developer on the Saudi stock exchange (Tadawul), has announced the appointment of Mamdouh Saud Al-Sharhan as the chief executive of SRECO with immediate effect. This appointment follows the resignation of the former CEO, Abdullah bin Ibrahim Saad Al-Ayadhi.

Al-Ayadhi held the position of CEO of SRECO for three years. 

“The board of directors of SRECO would like to sincerely thank Al-Ayadhi for his loyal service, strategic oversight and contribution to the growth of the company and wishes him success in his future endeavours,” the company said in a press release.

“SRECO has a strong finance team, and Al-Sharhan has played a significant role in his previous role as chief financial officer in helping drive financial and operational improvements. I am confident that Al-Sharhan’s new role will continue to build on our achievements thus far toward the company’s transformation,” said Abdulrahman Al-Mofadhi, chairman of SRECO. 

“On behalf of the board of directors and management team, I would like to thank Al-Ayadhi for his dedication and valuable contribution,” he concluded. 

In addition to his role at SRECO, Al-Sharhan serves on the board of the Real Estate Financing and Investment Committee of the Riyadh Chamber of Commerce and Industry.

Al-Sharhan holds a master’s degree in quantitative finance from the George Washington University in the US, a master’s degree in banking administration from the Institute of Public Administration in Riyadh and a bachelor’s degree in accounting from King Saud University in Riyadh.


SVC invests $1.2bn and contributes to Kingdom’s pole position in VC funding

Updated 12 March 2026
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SVC invests $1.2bn and contributes to Kingdom’s pole position in VC funding

Saudi Venture Capital Company (SVC) released its annual “Impact Report,” which highlighted SVC’s role in the record growth rates achieved by the Saudi private capital ecosystem in 2025. 

The report emphasized SVC’s impact on the Kingdom's private capital ecosystem (Venture Capital, Private Equity, Venture Debt, and Private Debt) since the company’s establishment in 2018.

The report showed that SVC's total committed investments since its inception have reached $1.2 billion, while its investments have stimulated partner commitments totaling $5.9 billion, or 4.9 times SVC’s commitment. This highlights SVC’s role as a key catalyst and market maker in the private capital ecosystem.

The report indicated that the number of funds backed by SVC increased to 65, while the number of startups and SMEs supported exceeded 1,000 across several vital sectors, including e-commerce, fintech, healthcare, education technologies, transport, and logistics.

Commenting on the report, Nora Alsarhan, Deputy CEO and Chief Investment Officer at SVC, said: “The report highlights the transformative progress happening across Saudi Arabia’s private capital ecosystem as a direct result of the initiatives and goals of the Saudi Vision 2030.” 

She added: “We remain committed to developing investment programs, products, and developmental initiatives based on market needs analysis and aligned with leading global models, which enhance the competitiveness of the Saudi private capital ecosystem, support diversification of the national economy, and help achieve the goals of the Saudi Vision 2030.”

The report showed that SVC’s strategy contributed to the Kingdom’s maintaining its first rank in the MENA region for the third straight year in VC funding in 2025, reaching a historic total of $1.7 billion. This reflects the growth seen across various economic and financial sectors under Saudi Vision 2030, which aims to strengthen the national economy.

The report indicated that the number of venture capital investors has increased sixfold since SVC was founded in 2018, when the number did not exceed 34, reaching 200 in 2025. This reflects the depth of the market and the expansion of the institutional investor base in Saudi Arabia.

The report also highlighted the launch of the inaugural Private Capital Forum, a regional platform to advance dialogue on private capital. The forum brought together 1,070 participants and 59 speakers across 20 sessions, reaching 7.2 million people digitally and generating over 10.5 million media impressions.