Why OQAL Started?
Fares Al-Rashed
Founder & Chairman of Board of Trustees
OQAL was founded by Faris Al-Rashed at his house in 2011, after a meeting with a group of his friends and acquaintances who share the same passion and experience in developing and scaling promising entrepreneurial companies. He proposed the idea of founding a network that focuses on entrepreneurial opportunities and angel investing. Hence, OQAL was established as the first angel investors network in Saudi Arabia, which consisted of a group of angel investors who met periodically to review startups and attractive investment opportunities and engage with experts and keynote speakers about venture and angel investing.
Oqool + Amwal = OQAL
Establishment
An endowment established by young businessmen and angel investors to be the platform connecting innovative and pioneering startup founders with seasoned angel investors to establish leading enterprises that contribute to the welfare of the economy and society
Mission
Providing opportunities for seasoned angel investors to catalyze angel investing into scalable and innovative startups and cultivate the community and knowledge sharing among investors to empower and grow Saudi Arabia’s economy
Objectives
Enabling founders to access smart capital and seasoned angel investors to streamline the fundraising process and advance promising scalable, innovative startups across various sectors