Saudi Investment Firm Ressan Acquires 20% Stake in Startup Qirat Advisory

Editorial Team

Last updated 28-12-2025

2 min

Ressan Holding has acquired a 20% stake in the young company, Qirat Advisory.

Qirat, founded in 2023, aims to streamline operational and financial solutions for companies.

The investment will help Qirat expand its reach and accelerate product development.

Ressan's investment signals confidence in Qirat's leadership, including Rakan Fadhel and Suhayb Alsawadi.

Qirat's solutions address crucial yet often overlooked operational needs in Saudi Arabia.

It’s been interesting to watch how Saudi Arabia’s investment scene keeps shifting, and the latest move comes from Ressan Holding, which has taken a 20% stake in Qirat Advisory. The deal caught my eye partly because Qirat is still a young player—founded only in 2023—yet it’s already carving out space in the world of productised services for corporates. And believe it or not, this niche has been heating up faster than many expected.

Qirat focuses on building operational and financial solutions that companies can plug straight into their workflows. It’s the sort of offering that saves teams from the usual back‑and‑forth and the endless faff of custom development. From what’s been shared publicly, the new investment will help the company scale its reach and speed up the development of its product line. I reckon that’s spot on for a startup at this stage; momentum matters, especially when you’re still shaping your identity in a crowded market.

What struck me personally—maybe because of my work at Arageek and all the founders I’ve met over the years—is how often early-stage teams underestimate the importance of operational tools. I remember a startup in Jeddah telling me they used to manage their financial ops on scattered spreadsheets… well, I mean, we’ve all been there. It’s a mess until someone builds something better.

Ressan’s move also feels like a vote of confidence in the team behind Qirat, including names widely celebrated in the LinkedIn circles around the announcement—Rakan Fadhel, Suhayb Alsawadi and Abdulaziz Al‑Obaid among them. On the flip side, investment alone doesn’t guarantee smooth sailing, but the added backing should at least give them the firepower to push ahead.

All in all, it’s a tidy step forward for a company barely two years old, and I’m curious to see how far they’ll stretch this new support. The region needs more firms tackling the unglamorous but essential stuff, even if it’s not always the kind of startup story that gets everyone chuffed to bits. And if Qirat manages to execute well—definately not a given in this space—they might just become one of those behind‑the‑scenes names shaping how businesses run in Saudi Arabia.

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