“Naif Alrajhi Investment” acquires strategic stake in “Mawdoo3”, expanding its investment in artificial intelligence and technology
“Naif Alrajhi Investment” acquired a strategic share in “Mawdoo3”, a pioneering company in Arabic artificial intelligence and data solutions. The acquisition is part of the group's efforts to diversify its investment portfolio and strengthen its presence in promising industries. “Mawdoo3” specializes in large language models (LLMs) and Arabic data solutions. It owns over 200 websites, including the most visited Arabic website, Mawdoo3.com, and the region's largest digital medical platform, WebTeb.com. These sites receive tens of millions of visitors each month and host a library of over one million expert-written articles, covering a wide range of topics.
On this strategic partnership, Naif Saleh Alrajhi, Chairman and CEO of Naif Alrajhi Investment, said: "This acquisition represents a significant step in line with Saudi Vision 2030 and the Kingdom's extensive digital transformation. It marks our entry into the technology and artificial intelligence sector, and we are excited about our investment in Mawdoo3, a well-established leader in digital content and AI in the Arab world."
Echoing the sentiments, Rami Qawasmi, Co-Founder and CEO of “Mawdoo3”, said: "We are delighted with this partnership with “Naif Alrajhi Investment”, and we intend to extend our offerings and digital transformation in the region. Our goal is to open up new potential for growth and innovation, offer value to users and shareholders, and scale from Saudi Arabia to the rest of the world."
The acquisition will strengthen Mawdoo3’s ability to expand its operations in Saudi Arabia. Leveraging the Kingdom's ecosystem, “Mawdoo3” hopes to develop breakthrough AI tools, attract top talent in the industry, and foster innovation in Arabic language technology.
In 2018, “Mawdoo3” was one of the first companies in the region to invest heavily in AI, launching its own Natural Language Processing (NPL) toolkit and developing large language models (LLMs) for multiple industries. These were later commercialized through products such as Qalam.ai, an Arabic-specific AI tool; Salma.ai, a virtual financial assistant that provides specialized banking services; Waraqa.com, and a platform that aims to improve data quality for AI.
Naif Alrajhi Investment, headquartered in Riyadh and with a global presence in five countries, invests in real estate in real estate, capital markets, and mergers and acquisitions. The company is known for its wide portfolio, which includes real estate, hospitality, food and beverage, mining, contracting, design, interior design, financial markets, marketing and advertising, logistics, and more.
