Riyadh - Mubasher: Merak Capital, a Saudi investment firm licensed by the Capital Market Authority (CMA), has invested SAR 203 million ($54 million) in DSShield, one of the Kingdom’s fastest-growing cybersecurity companies.

The investment will be used to expand DSShield's security operations capacity, foster its advisory and implementation capabilities, while scaling managed services, according to a press release.

It will also contribute to accelerating digital adoption, cloud migration, and industrial automation, driving sustained demand for advanced cybersecurity services across both public and private sectors.

Siraj Marghalani, Founder and CEO of DSShield, said: "We founded DSShield on the belief that cybersecurity is built on trust, discipline, and execution. Our clients operate in environments where there is no margin for error, and we have built our company to deliver reliable outcomes in those settings.”

“This partnership with Merak Capital gives us the platform to invest in our people and capabilities, expand our service capacity, and position DSShield as a national leader in cybersecurity as the Kingdom's digital economy continues to grow,” Marghalani added.

Othman Abdulrazaq Alhokail, Founder & Managing Partner at Merak Capital, commented: "Merak’s mission is to partner with ambitious founders building market-leading businesses that serve as the backbone of the Kingdom’s digital transformation."

Mohannad Alfayez, Partner and Head of Capital Formation at Merak Capital, added: “This investment provides the capital base for the company to scale its operations and proprietary technology, establishing a clear and sustainable pathway toward a public listing."

The Kingdom’s cybersecurity market increased by 14% year-on-year (YoY) to SAR 15.20 billion in 2024, according to the National Cybersecurity Authority.

The Gulf country is committed to building a secure digital economy, as further reflected in its first-place global ranking in the IMD World Competitiveness cybersecurity indicator for 2025.