Raz Group

What Raz Group does

Raz Group (legal name: Raz Group; DBA: RAZ) is a Saudi Arabian business incubator and accelerator founded in 2008 and headquartered on Imam Saud ibn Abdulaziz Road in the Al Masif District of Riyadh. The company supports entrepreneurs across the full venture lifecycle — from idea validation through business establishment, growth, and exit — and operates four named stages: Start Working, Project Development, Project Maturity, and Project Exit. Since launch, Raz has contributed to establishing more than 100 projects in specialized markets and the service sector across Saudi Arabia, the Middle East, and North Africa, and claims to have enabled more than 190 entrepreneurs across GCC countries.

The product offering is delivered as a single integrated platform built around seven service modules: business development and incubation (core), consulting and advisory (including board-level expert placement), financial and accounting services with bank relationship management, human resources management, government relations, market entry integration with group companies, and sharing economy support. The company is privately held and founder-led, with Chairman Rayas Hamad Al-Zamil, Vice Chairman Tariq Al-Othman, board member and co-founder Abdullah Khalid Al-Zamil, and CEO of Operations Bassam Al-Muhandi. The organization has grown to 1,000+ employees and maintains a visible partner ecosystem of 50+ organizations.

The revenue model is services-led (managed services), combining consulting, advisory, financing support, and operational services delivered to portfolio entrepreneurs; pricing is not publicly disclosed. The go-to-market motion is community-led: entrepreneurs apply directly through the website, with selection gated on passion, idea viability, and market fit, supplemented by a referral and partner-driven mid-funnel channel. Customer concentration is structurally low given the long tail of entrepreneurs served, but no external revenue or funding data are disclosed, limiting financial visibility.

Name

Raz Group

Legal name

Raz Group

Website

https://raz.sa

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Raz Group is a Saudi Arabian business incubator and accelerator founded in 2008 that supports entrepreneurs from idea to exit across KSA and the wider MENA region through integrated incubation, advisory, financial, HR, and government-relations services, having enabled 190+ entrepreneurs and 100+ projects.

Ownership category

akta.pro rank

Product category

Business Incubation and Startup Acceleration

NAICS

Management Consulting Services (54161), Other Management Consulting Services (541618), Professional, Scientific, and Technical Services (54)

SIC

Services-Management Consulting Services (8742), Services-Management Services (8741)

akta.pro primary industry

Youth Business Incubators & Accelerators (EDAMAHAC)

akta.pro secondary industry

Accelerator / Incubator-Backed ETA Programs (FSANALAD)

Keywords

• Business incubation services
• Startup acceleration programs
• Entrepreneur advisory services
• SME business development
• Venture incubation support

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Incubator and Accelerator Services: Raz Group generates revenue through supporting entrepreneurs at all stages of their development, providing integrated business systems, financing, management, and advisory services. The company invests in entrepreneurial projects and provides various support services including consulting, management advisory, and access to financing.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Raz Group is a business incubator and accelerator that supports entrepreneurs from the idea stage through establishment, growth, and exit. It delivers an integrated service portfolio spanning consulting and advisory, financial and accounting management, HR support, government relations, market entry integration, and sharing economy enablement, alongside mentorship, training, and access to financing for selected startup projects.

Product overview

Raz Group is a business development and incubation company that operates as a single unified platform offering comprehensive support services for entrepreneurs. The portfolio consists of core incubation services complemented by specialized modules including consulting and advisory services, financial and accounting services, HR management support, government relations management, market entry integration, and sharing economy support. The company guides entrepreneurs through four growth stages: Start Working, Project Development, Project Maturity, and Project Exit, providing mentorship, training, business model development, and access to financing at each stage.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Incubation and Acceleration Services Comprehensive business incubation service that empowers entrepreneurs at all stages from idea conception through growth and exit, providing integrated business systems, mentorship, training, and access to financing for selected startup projects.
• Consulting and Advisory Services

Quantifiable outcome

• 100+ projects established in Saudi Arabia, Middle East, and North Africa
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Multiple Unnamed PartnerscoreOthersRaz Group maintains an extensive network of partners visible in the partners section of their website, though no specific partner names or descriptions are provided in the source material. The company states they work with local and global partners, experts, and business advisors.

Scale indicators3 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Monsha'at (General Authority for Small and Medium Enterprises): Saudi government SME authority that provides financing, incubation, advisory, and policy support to entrepreneurs across the Kingdom. Direct comparable to Raz Group given overlapping mandate to empower Saudi entrepreneurs, with the difference that Monsha'at is a state-backed umbrella serving the entire country rather than a private incubator.
• MiSK Foundation: Saudi non-profit foundation founded by Crown Prince Mohammed bin Salman that runs youth-focused entrepreneurship and leadership programs. Comparable to Raz Group in building Saudi entrepreneurial capacity and supporting founders, with broader cultural and educational mandate.
• Techstars: Global accelerator operating structured mentorship-driven programs with capital, advisor network, and alumni support for early-stage startups. Comparable to Raz Group in multi-stage founder support model and global partner network, though Techstars is accelerator-led and tech-vertical focused.

Direct peers

• Wa'ed (Aramco Entrepreneurship Center): Aramco-backed entrepreneurship program providing capital, mentorship, and incubation to Saudi startups. Highly comparable to Raz Group in target customer (Saudi entrepreneurs), service mix (financing plus advisory), and stage coverage (idea to growth), though Wa'ed is anchored to Aramco's ecosystem.
• Badir Program for Technology Incubators: King Abdulaziz City for Science and Technology's national incubation program offering workspace, advisory, and funding to Saudi tech and knowledge startups. Directly comparable to Raz Group in incubation model and Saudi-focused founder support, though more technology-segment oriented.
• Flat6Labs: MENA-focused early-stage venture capital and seed program running structured startup cycles across the region. Comparable to Raz Group in operating multi-stage founder support programs in MENA, though Flat6Labs is VC-led and regionally distributed rather than Saudi-anchored.
• 500 Global (MENA): Global venture firm with active MENA programs providing seed investment, mentorship, and a global network to early-stage founders. Comparable to Raz Group in serving MENA founders across idea-to-growth stages with structured curriculum and partner ecosystem.
• Endeavor Saudi Arabia: Saudi chapter of the global high-impact entrepreneur support organization selecting, mentoring, and scaling proven founders. Comparable to Raz Group in targeting ambitious Saudi entrepreneurs with mentorship and network resources, though focused on later-stage scale-ups rather than early-stage incubation.
• STV (Saudi Technology Ventures): Largest VC fund in Saudi Arabia deploying capital into regional tech startups across multiple stages. Comparable to Raz Group in supporting Saudi tech founders with capital and value-add services, though STV is purely investment-led without operating incubation infrastructure.

Regional players

• KAUST Innovation & Entrepreneurship: King Abdullah University of Science and Technology's innovation arm providing incubation, grants, and venture building for Saudi deep-tech and science-based founders. Comparable in mission and Saudi footprint, though anchored to a university ecosystem and more technology-research focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments47 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Raz Group