Riyadh – anb Capital and Lexham Partners have announced the launch of a USD 200 million growth fund targeting technology companies across the Middle East and North Africa (MENA), with a strong focus on Saudi Arabia. The fund will support growth and pre-IPO stage firms through equity and secondary investments, with a clear alignment to Saudi Vision 2030.
Founded in 2008, anb Capital is a wholly owned subsidiary of Arab National Bank (anb) and is regulated by Saudi Arabia’s Capital Market Authority (CMA). It provides investment banking, asset management, brokerage, private equity, real estate, and private wealth management services. Lexham Partners, founded by Dominic Perks, is a London-based venture capital and growth investment firm.
The new fund will focus on technology companies with strong fundamentals and scalable platforms, prioritizing those aligned with the Kingdom’s digital transformation agenda. By mobilizing institutional capital, it seeks to expand access to growth financing, deepen the regional venture ecosystem, and strengthen MENA capital markets.
“The MENA region is entering a golden era for growth investing. We see a powerful combination of entrepreneurial talent, capital inflows, and structural reforms creating exceptional opportunities to back the next generation of category-defining technology companies. This fund gives us the scale to partner with ambitious founders and help them build businesses that can achieve global significance,” said Dominic Perks, Managing Partner at Lexham Partners.
The initiative highlights Saudi Arabia’s growing role as a hub for venture capital and digital transformation in the region, as well as the increasing attractiveness of MENA technology firms to institutional investors.
