| | Dear Stakeholders and Partners, |
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| Q2 2026 brought steady progress across HALA Capital and our portfolio. Our founders continued to build, form partnerships, and earn recognition across fintech, logistics, AI, proptech, and beyond. Here is a look at the key highlights from this quarter. |
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| | Connecting, Contributing, Building |
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| Global AI Show Riyadh 2026
Co-Founder & CEO Ali Abussaud took the stage at the Global AI Show Riyadh 2026, the Kingdom's most powerful AI event, joining a global lineup of visionaries to share his perspective on the future of capital, technology, and investment in the region. |
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| | AAST's Rally Accelerate event
Our Value Creation Manager, Nada Helmy, represented HALA Capital at AAST's Rally Accelerate event, joining investors from across the fundraising spectrum, CVC, VC, Banking, and Angel, to help founders navigate their path to capital. |
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| | | MENA AI Ecosystem
HALA Capital launched the MENA AI Ecosystem Map 2026, a curated intelligence map of 144 AI startups across 9 sectors and 9 countries, spanning AI Infrastructure, Conversational AI, FinTech, PropTech, Logistics, and more. A first-of-its-kind view of the companies defining the next era of AI in the MENA region. |
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| | | | | | | Intella was named to the WEF's 2026 Technology Pioneers cohort, one of 100 companies globally and one of only two from Saudi Arabia. CEO Nour Taher also represented the company at the Africa Forward Summit in Nairobi, sharing the stage with Orange CEO Christel Heydemann and over 30 African heads of state. |
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| | Sarwa surpassed $1 billion in client assets, becoming the first UAE-founded fintech to reach this mark. Group CEO Mark Chahwan spoke about the milestone in Inc. Arabia and on CNBC, crediting the trust of everyday investors who stayed the course through market uncertainty. |
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| | Torod inaugurated its new headquarters, marking the occasion with a visit from H.E. Minister Abdullah Alswaha, who praised the company's AI-powered logistics capabilities and its contribution to delivering Zamzam water to Hajj and Umrah pilgrims. The company also welcomed H.E. Abdulrahman Al-Smaael of Monsha'at to discuss potential collaboration opportunities. CEO Faisal Almaklas also represented Torod at several key industry events, including the "Scaling the Dream" panel at SIF 2026, the 8th cohort of Tech Founders, and a workshop at Jada30 focused on supporting Saudi SMEs and a guest appearance on the Richter Talk podcast, where he shared Torod's founding story, its journey to a $150M+ valuation, what investors look for in startups, and why logistics remains one of the biggest investment opportunities in the region today.
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VIZ was named a strategic partner of RC Celta as the club returned to European competition, bringing immersive media technology to sports fans worldwide.
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| | Rize continues to grow its network of real estate developer partners, with Asas Al-Thbat being the latest addition, giving clients broader options to rent residential units with annual rent split into 12 flexible monthly payments. |
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| | Nearpay signed a Strategic Regional Partnership Agreement with Novus Technologies, expanding into Saudi Arabia, Singapore, Indonesia and beyond. Expanding further in Turkey, Paratika, an Asseco Group company, has integrated Nearpay's SoftPOS into its payment ecosystem, enabling businesses to accept contactless and QR payments on Android devices without additional hardware, powered by Nearpay's PCI MPoC certified infrastructure. The company was also featured as a case study in the MENA Corporate Venture Investment Report by STC and MAGNiTT, recognizing its role in powering Saudi Arabia's SoftPOS and NSP ecosystem. |
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| | Bevy was named one of Forbes' 2026 Best Startup Employers, backed by three consecutive years of 100%+ YoY growth, the launch of its Forums product, and its strongest quarter in company history. |
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| | | Q2 was a quarter of proof. Proof that great founders keep building regardless of the moment, and that the ecosystem around them continues to deepen. As we move into the second half of 2026, HALA Capital remains committed to backing the bold, supporting the builders, and expanding our horizon of capital across venture, private equity, and private credit. We look forward to sharing more with you next quarter
Connect with us on LinkedIn and visit hala.capital for upcoming updates. |
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| Warm regards, The HALA Capital Team |
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