Shorooq Doha Advisory Services LLC, a UAE-based investment firm, received initial authorization from the QFC Regulatory Authority in Qatar. The firm is establishing a presence at the Qatar Financial Centre. It previously launched a US$200 million late-stage growth fund under its Qatalyst Series, backed by Qatar Investment Authority and other institutional investors.
Qatar office details
The new Doha office becomes Shorooq's fourth regional base. It joins existing offices in Riyadh, Bahrain, and Cairo. The QFC said the move adds depth to its financial services community.
Qatalyst fund focus
The fund launched earlier this year at Web Summit Qatar. It targets late-stage and pre-IPO technology companies across the GCC. The capital aims to bridge a long-standing growth-capital gap and support public-market readiness.
Shorooq profile
Shorooq was founded in 2017 and is headquartered in Abu Dhabi. It was the first firm licensed as a full fund manager in ADGM. Its portfolio includes more than 80 startups across fintech, platform, and software.
The Doha office will help Shorooq work directly with founders and institutions in Qatar. Shorooq views Doha as central to regional growth capital. QFC allows up to 100% foreign ownership and 100% profit repatriation for firms.