Rihal, a Muscat-based technology and data solutions provider, has raised $7.5 million in the first close of its Series A round. The investment was led by ITHCA Group, the technology investment arm of the Oman Investment Authority, which focuses on advancing the ICT sector in Oman.
The funding will be used to accelerate Rihal’s regional expansion, scale its SaaS platforms, and further strengthen its portfolio of AI- and data-driven solutions.
About Rihal
Founded in Oman, Rihal specializes in enterprise SaaS platforms and AI-powered products that streamline data management, automate processes, and enable advanced analytics. Its proprietary platforms—Jadawal, Eysal, Hassad, and Iqraa—serve clients across key Gulf industries including government, logistics, telecom, and oil and gas.
With headquarters in Muscat, Rihal has established itself as a fast-growing player in the region’s digital transformation ecosystem, aiming to expand its footprint across the Gulf and beyond.
Funding Snapshot
- Company: Rihal
- Raised: $7.5M
- Round: Series A (First Close)
- Funding Date: September 2025
- Lead Investor: ITHCA Group
