RTIC's First Angel Investor

To effectively promote the culture of innovation and creativity, it is very important that all segments of society play their role in supporting activities geared towards the creation of a knowledge-based economy. Angel investors are a very vital building block to support the establishment of innovative startups. Angel investors provide capital for a business at an early stage when traditional financial institutions are hesitant to support them due to high risk.

Riyadh Technology Incubation Center (RTIC ) is greatly honored to have Dr. Nabeel Mohammed Al-Ismail as its first angel investor. Dr. Nabeel has a doctorate in Quran and its Sciences from Islamic University of Imam Mohammad Bin Saud, Riyadh, Saudi Arabia. He is Assistant Professor in the Department of Quran and its Sciences, Faculty of Theology, Islamic University of Imam Mohammad Bin Saud. He is a member of different associations working for preaching the teaching of the Quran. He is also an imam and preacher at Jamia Al-Aqariah.

Dr. Nabeel has invested SR 50,000 in one of the innovative business ideas of RTIC ’s clients, an innovative tent without columns. This fund is being utilized at the early stage of development and testing of the product’s prototype.

Speaking at a meeting, Dr. Mezyad Alterkawi, CEO of RTIC , thanked Dr. Nabeel for supporting the noble cause of helping entrepreneurs in the early stage of business establishment. Dr. Nabeel assured his commitment to encourage and support entrepreneurs to start their businesses and contribute to the economy and society. RTIC management is greatly pleased and encourages others to participate in its efforts and support the creation of innovative start-up companies.