# Saudi deals in 60 seconds, week of 28 Sep 2026

> 4 Saudi moves from 28 Sep 2026 to 4 Oct 2026, led by erad. Sourced to the primary announcement.

Saudi deals in 60 seconds, 28 Sep 2026 to 4 Oct 2026. By Ali Asif. Public information only, not investment advice.

## What moved

1. **erad raises a $22M Series A led by MEVP** (erad, Venture): Amount: USD 22M. Investors: MEVP, 500 Global, Saudi Venture Capital (SVC), S60 Ventures, ANB Capital, Conjunction Capital, Araya Ventures, Khwarizmi Ventures, Nuwa Capital, Aljazira Capital, Oraseya Capital, Joa Capital. A Shariah-compliant SME working-capital lender says it has deployed over SAR 500 million and approves applications within about 48 hours. [Primary source](https://www.wamda.com/en/2026/09/saudi-fintech-erad-raises-22-million-series-led-mevp)
2. **Rela brings in Yazeed Al Rajhi & Brothers Holding for workforce housing** (Rela, Venture): Investors: Yazeed Al Rajhi & Brothers Holding. A startup launched in early 2026 takes a strategic investor, with the amount and stake undisclosed, to grow its workforce housing network. [Primary source](https://www.wamda.com/en/2026/09/rela-lands-strategic-investment-scale-workforce-housing-saudi-arabia)
3. **Pinnacle increases its stake in Gathern** (Pinnacle Capital, Private equity): Investors: Pinnacle Growth & Secondary Fund. A growth and secondary fund adds to a hospitality position it first took in Gathern's $72M Series B, which Sanabil Investments led in August 2025. [Primary source](https://www.wamda.com/en/2026/09/pinnacle-increases-stake-saudi-hospitality-startup-gathern)
4. **European Commission clears Aequita's purchase of SABIC Europe** (SABIC, M&A): Investors: Aequita. The simplified review (case M.12513) gives the German industrial investor sole control of SABIC Europe, with closing expected in the fourth quarter. [Primary source](https://ieu-monitoring.com/?p=1251069)

## My take

The biggest deal this week had a Saudi industrial group as the seller. SABIC is simplifying its European footprint and the buyer is a German industrial investor, which says something about where restructuring capital comes from.

Canonical: https://heyaliasif.com/newsletter/2026-w40