Qewam Holding has completed the acquisition of Iwan Ventures and relaunched it as Q Fund, positioning the Riyadh-based group to play a larger role in Saudi Arabia’s venture capital landscape. Announced on November 16, 2025 in Riyadh, the $13.3 million vehicle becomes Qewam’s official investment arm, designed to back high-potential technology and innovation-led startups. The move underscores the group’s ambition to combine capital, AI-driven infrastructure, and venture-building expertise to support founders from the earliest stages of their journey.
Acquisition and Launch of Q Fund
Under the terms of the transaction, Iwan Ventures will be fully integrated into Qewam Holding while operating under the new Q Fund brand. The fund will retain its entrepreneurial independence yet plug into Qewam’s technology platforms, data capabilities, and regional network of partners. This structure is intended to provide portfolio companies with both financial backing and access to a broader ecosystem that can accelerate product development, market entry, and scale.
Strategic Role within Qewam Holding
Q Fund has been established as Qewam’s dedicated and independent investment arm, reflecting a more formalized and focused approach to venture investing. By aligning the fund with Qewam’s AI-enabled infrastructure, the group aims to identify and support ventures that address real market frictions with scalable technology solutions. The rebranding from Iwan Ventures to Q Fund also signals a shift toward a more integrated investment platform under the Qewam umbrella, while maintaining the agility of a standalone fund.
Leadership and Investment Approach
Qewam has appointed venture capital professional and ecosystem builder Lewa Abukhait as CEO of Q Fund, tasking him with leading the next phase of growth. Abukhait will oversee a strategy centered on high-impact startups, pairing capital with operational support, mentorship, and access to strategic partnerships. His appointment, celebrated publicly as a step toward deepening support for Saudi and regional founders, is meant to anchor Q Fund’s identity as a founder-first platform.
Founder-First Philosophy and Support Model
According to Qewam, Q Fund is designed around a founder-first philosophy that prioritizes long-term collaboration over transactional capital deployment. Startups backed by the fund are expected to gain access to Qewam’s AI tools, technical infrastructure, and operational playbooks, as well as connections to corporates and public-sector partners. By combining investment with structured guidance and ecosystem access, the platform aims to reduce early-stage execution risk and help founders move faster from validation to scale.
Alignment with Vision 2030 and the Regional Ecosystem
Senior Qewam executives describe the launch of Q Fund as part of a broader contribution to Saudi Arabia’s Vision 2030 agenda and the region’s innovation economy. CEO Wael Altorabi characterizes the platform as a next-generation investment engine that blends local market insight with advanced AI tools to back bold, impactful ventures. Chief Operating Officer Sami AlKhlout emphasizes that the fund’s philosophy is to invest in people and practical solutions, helping founders build resilient companies that address real economic and social challenges.
With the transition of Iwan Ventures into Q Fund, Qewam Holding is sharpening its role as an innovation-focused investor and ecosystem enabler. The new fund structure, leadership appointment, and integration with AI-driven infrastructure collectively aim to provide founders with more than capital, offering them tools, insights, and networks to scale. As Q Fund begins deploying capital, it is positioned to support the next wave of startups emerging from Saudi Arabia and the wider region, reinforcing Qewam’s ambition to act as a catalyst for sustainable, diversified growth.