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The Qatar Financial Centre has welcomed the addition of Shorooq Doha Advisory Services to its platform, a move that comes after the firm secured initial authorisation from the QFC Regulatory Authority. This establishment strengthens the centre’s financial services sector while fostering greater connectivity across regional investment markets. Mansoor Rashid Al-Khater, chief executive officer of the QFC, described the development as a reflection of rising confidence in Qatar’s investment environment.
In the statement carried by The Peninsula Qatar, Al-Khater noted that Shorooq’s focus on late-stage technology firms and pathways to public markets will aid the evolution of Qatar’s venture capital and startup landscape. The executive highlighted how such participants reinforce Qatar’s role as a hub for innovation-driven expansion throughout the region. Shorooq’s arrival builds on its earlier activities in the country, including the launch of a substantial growth fund.
Earlier this year at Web Summit Qatar, Shorooq introduced a $200 million late-stage growth vehicle under its Qatalyst Series, with backing from the Qatar Investment Authority along with sovereign and institutional partners, a QFC announcement detailed. The fund addresses a gap in growth capital for technology companies across the GCC and supports their preparation for eventual listings. This initiative underscores Qatar’s increasing involvement in mobilising capital for high-potential enterprises.
The new Qatar office marks Shorooq’s fourth outpost in the region, supplementing locations already active in Riyadh, Bahrain and Cairo. The firm’s strategy emphasises on-the-ground engagement in principal markets to partner effectively with entrepreneurs during scaling phases. Since its establishment in 2017, Shorooq has expanded into a multi-strategy investment platform with more than one billion dollars in assets under management, according to the company’s overview.
QFC data places the total number of registered firms at over 4,700 by the end of June 2026 after onboarding 1,135 new entities in the first half of the year, a 37 percent increase from the prior comparable period. Technology and innovation led those additions with 544 registrations, the QFC report showed. The influx demonstrates sustained momentum in attracting participants across finance, advisory and innovation segments.
Mahmoud Adi, founding partner at Shorooq, said in remarks reported by Gulf Times that Qatar holds a central position in the firm’s vision for the next wave of regional growth capital. Through the Qatalyst Series and collaboration with partners including the Qatar Investment Authority, the firm is constructing the necessary late-stage and pre-IPO resources for promising technology companies. This presence enables closer collaboration with local ecosystems to drive scalable outcomes.
