Rihal, a Muscat, Oman–based technology and data solutions provider, has raised $7.5 million in the first close of its Series A round.
Investors
The round was led by ITHCA Group, a venture capital firm and the technology investment arm of the Oman Investment Authority. Established in 2019, the firm’s primary goal is to drive the development of the Information and Communication Technology (ICT) sector in Oman.
Rihal Use of Funds
The company will use the funds to accelerate regional expansion, scale its SaaS platforms, and strengthen its AI- and data-driven solutions.
About Rihal
Founded in Oman, Rihal is a fast-growing technology and data solutions provider specializing in enterprise SaaS platforms and AI-powered products. Rihal’s proprietary platforms, such as Jadawal, Eysal, Hassad, and Iqraa, help organizations simplify data management, automate processes, and leverage advanced analytics. Headquartered in Muscat, Oman, its client portfolio spans key Gulf sectors, including government, logistics, telecom, and oil and gas.
Funding Details
Company: Rihal
Raised: $7.5M
Round: Series A (First Close)
Funding Date: September 2025
Lead Investor: ITHCA Group
Additional Investors:
Company Website: https://rihal.om/
Software Category: Enterprise SaaS / AI & Data Solutions
Source: https://www.forbesmiddleeast.com/innovation/startups/omans-rihal-secures-%2475m-investment-to-power-local-talent-and-ai-platforms