ADQ, Oman Investment Authority launch $180 million Jasoor Fund

ADQ, Oman Investment Authority launch $180 million Jasoor Fund

Abu Dhabi-based investment and holding company ADQ has jointly launched $180 million technology-focused fund, Jasoor Fund, with Oman Investment Authority (OIA) represented by ITHCA Group. 

The fund will invest in SMEs and tech startups in the Sultanate and broader MENA region, in sectors including fintech, edtech, healthtech, cleantech, food and agriculture, and logistics. 

This commitment is part of a broader framework agreement signed between both parties in 2022.

Press release:

ADQ, an Abu Dhabi-based investment and holding company, today announced the launch of a USD 180 million technology-focused fund, Jasoor Fund (the Fund), with Oman Investment Authority (OIA) and represented by ITHCA Group. This commitment is part of broader framework agreement signed between both parties in 2022.

The Fund aims to bolster the digital economy in the Sultanate as well as the wider MENA region by supporting high-growth technology companies in sectors such as FinTech, EdTech, HealthTech, cleantech, food and agriculture, and logistics. Its core focus will be on innovative technology companies established in the Sultanate, in addition to technology startups in other countries in the region. It will undertake investments high-growth technology companies at various stages of development that have established business models.

His Excellency Mohamed Hassan Alsuwaidi, Managing Director and Chief Executive Officer of ADQ,