Turk Aljoaib
Managing Partner and Co-Founder @ Rua Growth Fund
Riyadh, Saudi Arabia
Turk Aljoaib is a Series A investor at Rua Growth Fund in Riyadh focused on SaaS and FinTech. Turk has been active in the tech startup space since 2016 when he co-founded Desert Agriculture, an AgTech startup, and Sun Capture, a solar and energy services company. Both startups are operating under Aljoaib Holdings, a family business with a long history in diverse sectors such as energy, construction, and agriculture. In 2014, Turk graduatedfrom the University of Southern California where he majored in civil and environmental engineering and minored in construction management. Turki also holds a master's degree in renewable energy engineering (green technology) from USC as well as a graduate certificate in tech commercialization from the USC Marshall School of Business.
- Total investments:
- 8
- Last investment:
- Lead investor:
- 38%
Last updated:
For AI agents: llms.txt
Industries Turk Aljoaib invests in
Stages Turk Aljoaib invests in
Countries Turk Aljoaib invests in
Contacts
| Type | Contact | Validation |
|---|---|---|
| Work email | ||
| Personal email | ||
| Work phone | ||
| Personal phone | ||
| Socials |
Investment Focus
Industry
- SaaS 2 (25%)
- FinTech 2 (25%)
- Software 2 (25%)
- Financial Services 2 (25%)
- Information Technology 2 (25%)
Stage
- Series A 4 (50%)
- Seed 1 (13%)
- Series B 1 (13%)
- Venture - Series Unknown 1 (13%)
Country
- Saudi Arabia 5 (63%)
- United Arab Emirates 2 (25%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Safqah Capital is an innovative fintech and proptech company headquartered in Riyadh. We specialize in structuring and distributing Sharia-compliant Sukuk for small and medium-sized real estate developers. Safqah's digital investment platform enables secure participation from both retail and institutional investors, backed by rigorous duediligence, transparency, and smart governance. Safqah operates at the intersection of technology, finance, and real estate, positioning itself as a key enabler of Vision 2030’s housing and development goals. | $15.2M / Seed / Feb 09, 2026 | ||
| Bonat is a customer engagement solution that provides advanced tools to help in managing businesses. | $6M / Series A / Nov 03, 2025 | ||
| Holo is the first web-based Digital mortgage advice and application platform in the UAE. The Holo platform selects an optimum mortgage product for a customer based on their personal requirements.The application can be done quickly and simply, 24/7. Apply, upload documents, track online. All from any connected deviceParticipated on theWamda X cohort for 2020 and now busy pushing ahead in revolutionizing how the UAE applies for Home Loans.Hit over AED1Bil in loan GMV per month | $22M / Series A / Aug 25, 2025 | ||
| Lucidya is an Enterprise B2B SaaS company that was founded in 2016 with a headquarter in Riyadh, Saudi Arabia. In a few years, the company managed to scale its customers base from Saudi to more than 6 countries including leading brands in different industries like Telecoms, BFSI, Automotive, FMCG, Retail, and othersThanks to its unique andproprietary AI & Arabic NLP technologies, Lucidya provides the most accurate analysis of interactions in the Arabic language making Lucidya the #1 tool in its category by users rating in MENA | $30M / Series B / Jul 14, 2025 | ||
| Intelmatix is a deep-tech AI company with a wide range of capabilities that address sector challenges by providing tailored solutions and unique products. | $20M / Series A / Jul 31, 2024 | ||
| ZenHR (www.zenhr.com) is a cloud-first category leader in B2B HR SaaS targeted to the Middle East and North African region. At ZenHR, we are all about giving our users peace of mind. ZenHR is not just another HR software; it is a transformative HR experience created to help HR departments and employees reach a state of Zen. With our localizedfeatures and interface, including labor laws, social insurance, tax, expat regulations, General Organisation of Social Insurance (GOSI), and Wage Protection System (WPS), ZenHR's HRMS serves everyone from SME to Enterprise customers in the MENA market.The state-of-the-art cloud-based HR software solutions that ZenHR offers change the game for HR departments and employees. With features like automated salary calculations and Employee Self Service (ESS), ZenHR puts employees in the driver's seat, making their lives easier and everyone happier. We are here to ensure that our customers have a delightful and seamless experience from the 'Acquire' stage all the way to the 'Retire' stage. ZenHR’s Modules: Payroll Attendance and Time-Tracking Employee Self-Service (ESS) Onboarding and Offboarding Performance and Evaluation Applicant Tracking System (ZenATS)For more information: sales@zenhr.com | $10M / Venture - Series Unknown / Oct 04, 2022 | ||
| The Cloud is a B2B2C web platform where kitchens can leverage their excess capacity by hosting third party restaurants. | $10M / Series A / Sep 14, 2022 | ||
| Lucidya is an Enterprise B2B SaaS company that was founded in 2016 with a headquarter in Riyadh, Saudi Arabia. In a few years, the company managed to scale its customers base from Saudi to more than 6 countries including leading brands in different industries like Telecoms, BFSI, Automotive, FMCG, Retail, and othersThanks to its unique andproprietary AI & Arabic NLP technologies, Lucidya provides the most accurate analysis of interactions in the Arabic language making Lucidya the #1 tool in its category by users rating in MENA | $6M / Series B / Jan 17, 2022 |
Co-Investors
About Rua Growth Fund
Rua Growth Fund is a venture capital firm that aims to lead the next wave of tech ventures. It was born out of a unique strategic partnership between Osool & Bakheet Investment Company and iMENA Group, two pioneers in their respective sectors to lead the next wave of innovative tech ventures in Saudi Arabia.It was founded in 2020 and is basedin Riyadh, Saudi Arabia.
Rua Growth Fund Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Anas Elayyan
Partner
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Turk Aljoaib
Managing Partner and Co-Founder
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FAQ
What does Turk Aljoaib invest in?
Turk Aljoaib invests primarily in SaaS, FinTech and Software startups, most often at Series A and Seed stage. Most of the 8 investments tracked by Shizune back companies in Saudi Arabia. The Investment Focus section breaks down every industry, stage and country in the portfolio.
How do I contact Turk Aljoaib?
Public channels for Turk Aljoaib include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
When did Turk Aljoaib last invest?
The most recent investment recorded for Turk Aljoaib closed in Feb 2026. Shizune tracks 8 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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