Saudi AI startup IDRAJ has closed a 2.25 million riyal pre-seed round led by ASAP Legal Tech. It uses AI to simplify the corporate IPO and listing process, assessing readiness and organising documentation for companies going public on the Saudi Exchange.
Roughly 400 healthcare transactions across the GCC between 2021 and April 2025, with the UAE at 198 and Saudi Arabia at 170 — overwhelmingly services and facilities rather than technology.
UAE venture exit value runs at $402 per capita. Singapore is above $8,000. The United States is $12,600. Much of the region's funding picture follows from that gap.