Shorooq Establishes Doha Presence Following Initial QFC Regulatory Authorisation

Doha, Qatar: The Qatar Financial Centre (QFC) has welcomed Shorooq Doha Advisory Services, a UAE-based investment firm, following its receipt of initial authorisation from the QFC Regulatory Authority, marking a further expansion of the firm’s regional presence and Qatar’s growing investment ecosystem.

The establishment of Shorooq’s Doha office adds to QFC’s expanding financial services community and supports the development of a more connected regional investment landscape.

Earlier this year, during Web Summit Qatar, Shorooq launched a $200 million late-stage growth fund under its Qatalyst Series, backed by the Qatar Investment Authority (QIA) and other sovereign and institutional investors. The fund targets late-stage and pre-initial public offering (IPO) technology companies across the GCC, addressing the region’s growth-capital gap and supporting companies on their path towards public-market readiness.

The Doha office will become Shorooq’s fourth regional presence, joining its existing operations in Riyadh, Bahrain and Cairo. The expansion reflects the firm's strategy of maintaining a local presence in key regional markets and working closely with founders as they scale their businesses.

Mansoor Rashid al-Khater, CEO of QFC, said: “Shorooq’s establishment in Qatar is a welcome addition to QFC’s growing financial services community and reflects increasing regional confidence in Qatar’s investment proposition. By supporting late-stage technology companies and strengthening pathways to public markets, Shorooq will contribute to the continued development of Qatar’s venture capital and start-up ecosystem, while reinforcing the country’s position as a platform for innovation-led growth across the region.”

Mahmoud Adi, founding partner at Shorooq, said: “Qatar is central to how we think about the next phase of growth capital in the region. Through our Qatalyst Series, and with the support of partners such as the Qatar Investment Authority, we are building the late-stage and pre-IPO capital that the region's most promising technology companies need to scale and reach the public markets.

“Establishing a presence in Doha, within the QFC's world-class environment, allows us to work more closely with founders and institutions on the ground. It reflects our long-term commitment to Qatar and to the region's growing role as a hub for innovation-led growth.”