Strategic Investment Agreement Inked Between ITHCA Group, Saudi
Vision Projects Fund

Muscat, 16 Dec 2025 (ONA) — ITHCA Group today announced three
strategic investments aimed at enhancing the growth of Omani tech startups and
strengthening the depth of the growing partnership between the Sultanate of
Oman and the Kingdom of Saudi Arabia in the telecommunications and information
technology sector, as well as in the fields of innovation and entrepreneurship.

The announcement came during a ceremony organized by ITHCA
Group, which included a review of updates on the Idea Stage Fund, the unveiling
of the new identity for the Omani Tech Founders Scale-Up Fund (OTF SCALE), and
the launch of the “Bawabah” accelerator in cooperation with Al Jabr
Company and with support from the National Technology Development Program in
the Kingdom of Saudi Arabia, in addition to signing a joint investment
agreement with Saudi Vision Venture Capital.

ITHCA Group continues to enhance its role as an accelerator for
the growth of tech startups. In a record period, the Fund has executed 36
investments, with 11 percent of these companies successfully securing follow-on
investment rounds, making it one of the fastest early-stage support programs
for tech startups.

The Fund focuses on enabling founders to develop prototypes and
build scalable technology companies, with particular emphasis on the sectors of
artificial intelligence, financial technologies, software, and digital
services.

The Fund adopts a joint execution model between ITCHA Group and
Al Jabr Company to ensure intensive guidance for founders and the preparation
of a new generation of companies capable of growth and entering regional and
international markets.

The accelerator represents a six-month program aimed at enabling
Omani startups to enter the Saudi market by connecting them with investors and
providing expansion opportunities.

The joint investment agreement with Saudi Vision Venture Capital
represents a strategic step that opens broader doors for Omani startups to
access the Saudi investment ecosystem and benefit from the Fund’s expertise and
regional networks, supporting the expansion and growth of Omani tech companies
in larger and more competitive markets.

The agreement was signed by Eng. Said Abdullah Al Manthri, CEO
of ITHCA Group, and Qais Al-Essa, CEO of Saudi Vision Venture Capital.

— Ends/AH