- UAE-based investment firm Shorooq has announced that Hamad Al-Hajri, Founder of Snoonu, will invest across two of the firm’s flagship strategies: its late-stage growth fund and its global AI fund.
- The late-stage growth vehicle is backed by the Qatar Investment Authority, while Shorooq’s AI strategy is supported by Presight–G42.
- The amount of investment remains undisclosed.
Press release:
Shorooq today announced at Web Summit Qatar that Hamad Al-Hajri, Founder of Snoonu, will invest across two of the firm’s flagship strategies: its newly launched late-stage growth fund, backed by the Qatar Investment Authority, and its global AI fund, backed by Presight–G42. The commitments underscore a shared conviction that the next generation of category-defining companies will be built at the intersection of ambitious founders, deep institutional capital, and ecosystems capable of scaling technology globally—an advantage increasingly visible across the GCC.
For Shorooq, the partnership marks a deeper alignment with the region’s technology trajectory and a continued investment in building enduring, cross-border platforms from the Gulf. By welcoming Hamad as an investor across both late-stage growth and AI, Shorooq expands its network of operator-investors shaping the region’s digital economy from within, while reinforcing its long-term ambition to originate, support, and scale breakout companies capable of competing globally—with Doha as a strategic node in that journey.
Mahmoud Adi, Founding Partner at Shorooq, commented, “Hamad Al-Hajri represents the new Gulf builder—an operator with real velocity, sharp product instincts, and a global bar for excellence. His decision to back both our late-stage growth strategy, supported by the Qatar Investment Authority, and our AI strategy, backed by Presight–G42, is a strong signal of where the region is heading. We are proud to deepen our roots in Doha and to continue building a platform that connects Gulf ambition with global outcomes—quietly, consistently, and at scale.”
Commenting on the partnership, Hamad Al-Hajri, Founder of Snoonu, said, “The Gulf is entering a decisive phase in its technology journey. What attracted me to Shorooq is its ability to back founders across stages and sectors while maintaining institutional discipline and global standards. Investing across both the late-stage growth and AI strategies reflects my deep belief and immense pride that the most impactful companies of the next decade will be built right here in this region — proudly rooted in Qatar and the GCC, yet engineered and scaled to compete and win worldwide.”