We structure and manage our funds with rigorous standards, ensuring transparency, and strong performance. Every strategy is guided by expertise, governance, and a focus on sustainable results.
We back founders building category‑defining companies across Saudi Arabia and the wider region. Our venture platform spans technology, gaming, and digital infrastructure, supported by sector-dedicated funds.
We invest in established businesses across multiple sectors, including services, technology‑enabled platforms, fashion, and consumer industries. We partner with management teams to drive earnings growth, strengthen governance, and create durable value.
Our portfolio spans direct investments and dedicated sector funds, including our role as fund manager for the Cultural Development Fund’s Fashion Fund, Saudi Arabia’s first private equity fund dedicated to the fashion sector.
Our private credit platform delivers tailored, Shariah‑compliant financing for established companies, structured for capital preservation and stable, risk‑adjusted returns. We combine local origination with disciplined underwriting, supported by independent Shariah supervision.
An ecosystem designed to accelerate the growth of emerging ventures and technologies across Saudi Arabia and beyond. We partner with founders to validate, launch, and scale high‑potential ideas.
Through Exel, a Merak Capital subsidiary dedicated to innovation programs, we provide structured accelerators, mentorship, and access to capital to help build scalable, impactful businesses.

Abdullah Altamami
Founder and CEO