Riyadh, Saudi Arabia – 16th Nov. 2025 – Qewam Holding has officially acquired Iwan Ventures, a SAR 50 million venture capital fund, marking a pivotal step in Qewam’s mission to scale transformative ventures and strengthen its position as a regional innovation powerhouse.
As part of the acquisition, Iwan Ventures will rebrand as Q Fund, which will operate as Qewam Holding’s dedicated and independent investment arm. While maintaining its entrepreneurial autonomy, Q Fund will fully leverage Qewam’s AI-driven infrastructure, venture-building expertise, and expansive strategic ecosystem to accelerate startup growth.
Lewa Abukhait has been appointed CEO of Q Fund, bringing a strong track record in venture capital and ecosystem development. Under his leadership, Q Fund will focus on funding high-impact startups and providing founders with deep operational support and strategic partnerships.
“The acquisition of Iwan Ventures by Qewam marks a significant evolution in Saudi Arabia’s entrepreneurial landscape,” said Lewa Abukhait, CEO of Q Fund.
“This move brings together capital, infrastructure, and expertise in a way that empowers founders with more than just funding. It offers them the tools, insights, and networks needed to build sustainable, scalable ventures.”
Sami AlKhlout, Chief Operating Officer of Qewam Holding, added:
“We don’t just invest in companies—we invest in people, and in real solutions to real challenges. Q Fund reflects Qewam’s founder-first philosophy. With this launch, we’re reinforcing our ability to stand beside founders from day zero all the way to scale. It’s a proud moment for our team and a fresh opportunity to build the future together.”
Wael Altorabi, CEO of Qewam Holding, commented:
“Rebranding Iwan Ventures into Q Fund creates a next-generation investment platform that blends local insight with cutting-edge AI. This move advances our commitment to backing visionary founders, accelerating economic diversification, and aligning with the goals of Saudi Arabia’s Vision 2030. Together, we aim to fuel the rise of bold, impactful ventures.”
The launch of Q Fund reaffirms Qewam’s role in driving innovation and entrepreneurial growth across the region—creating a unified environment where startups can thrive with access to capital, technology, and long-term strategic support.
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