Who We Are

Wa’ed, Aramco’s entrepreneurship arm, was established in 2011 to ignite the spirit of entrepreneurship in Saudi Arabia. By combining deep sector knowledge and a collaborative dynamic team, Wa’ed harnesses potential business ideas and cultivates an atmosphere that empowers a new generation of entrepreneurs in the Kingdom.

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What We Offer

Funding offerings include debt funding in the form of non-collateral loans, venture capital funding offering minority equity partnerships, and non-repayable micro-funding “Seed Fund” for incubated startups. Whether you’re an established business owner seeking to expand or an aspiring entrepreneur seeking to grow, at Wa’ed you’ll find a funding program catered to your business needs.

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Wa’ed established its own business incubator, StartUp Lab, to provide incubation support for early-stage businesses. StartUp Lab is a space designed to house startup companies and provide them with a range of services such as training and mentorship in addition to office space and amenities.

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Wa’ed offers workshops in several disciplines designed to provide the know-how and necessary skill-set sought out by early stage startups, entrepreneurs, and those with potential ideas. These workshops include Business Plan formulation, Pitching, Ideation, and Business Model Canvas.

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Our Portfolio

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Our Partners

Latest News

Waed supports more than 100 entrepreneurial businesses in the Kingdom of Saudi Arabia

“Waed” is proud to support more than 100 diverse entrepreneurial businesses in Saudi Arabia by providing the necessary financial support, guidance and tools for entrepreneurs with creative ideas and Start-Ups..

Wa’ed has participated in Saudi Arabia start-ups forum… great ambition to achieve the Silicon Valley level

Under the patronage of H.R.H prince Khalid Alfaisal, adviser of the Custodian of the Two Holy Mosques and governor of Makkah region. Umm Al-Qura University (UQU) represented by “Wadi Makkah: This event is one of the most important events in entrepreneurship and it was held in 4-6 of November 2017. The event was attended by members of various government organizations and number of officials, experts and other parties interested in the development of local entrepreneurship

Wa’ed Center is looking into updates with partner, Truos Factory for Industrial Services

Truos was established in 2000 as a local factory for small mechanical parts and the factory used to meet the needs of small companies in the Eastern Province. Later, the factory received an approval to be financed by “Wa’ed” in 2011. The factory changed into a full-fledged factory that specializes in different mechanical manufacturing services such as metal cutting and forming metal parts such a gears, cylindrical axles, blades and large metals in the Eastern Province and the factory now covers the needs of more than 120 clients in the kingdom.
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Our Success Stories