Merak Capital has completed a SAR203 million ($54 million) investment in DSShield, one of Saudi Arabia’s fastest-growing cybersecurity companies, as demand for advanced cyber protection accelerates across the Kingdom’s public and private sectors.
The investment comes amid rapid digital adoption, cloud migration, and industrial automation in Saudi Arabia, driving sustained growth in cybersecurity needs. According to the National Cybersecurity Authority, the Kingdom’s cybersecurity market reached SAR15.2 billion in 2024, growing 14% year on year. Saudi Arabia also ranked first globally in the IMD World Competitiveness cybersecurity indicator for 2025.
Founded in 2020 and headquartered in Riyadh, DSShield delivers cybersecurity solutions for environments where availability, integrity, and compliance are mission-critical. Since launch, the company has executed cybersecurity programs and projects exceeding SAR1.5 billion in value across multiple industries.
DSShield provides end-to-end services spanning advisory, implementation, and 24/7 managed security operations, enabling organisations to manage cyber risk holistically as digital, physical, and data environments increasingly converge.
Siraj Marghalani, Founder and CEO of DSShield, said the partnership with Merak Capital will enable the company to invest further in talent, expand service capacity, and strengthen its position as a national cybersecurity leader supporting Saudi Arabia’s growing digital economy.
Othman Abdulrazaq Alhokail, Founder and Managing Partner at Merak Capital, said the investment aligns with the firm’s mission to back founders building market-leading businesses that underpin the Kingdom’s digital transformation. Mohannad Alfayez, Partner and Head of Capital Formation, added that the funding provides a clear pathway for DSShield to scale operations, develop proprietary technology, and progress toward a future public listing.
The capital will be used to expand security operations, strengthen advisory and implementation services, scale managed offerings, and accelerate investment in proprietary cybersecurity technologies, supporting growth across government, critical infrastructure, and enterprise clients.
