Merak Capital, a Saudi investment firm licensed by the Capital Market Authority, has invested SAR 203 million (around $54 million) in DSShield, a rapidly growing cybersecurity company in Saudi Arabia.
This investment comes at a time when many organisations in the Kingdom are moving more of their work online, using cloud systems, and automating factories and industries.
Because of this digital growth, the need for strong cybersecurity services is increasing in both government and private companies.
Saudi Arabia’s cybersecurity market reached SAR 15.2 billion in 2024, growing by 14% in one year. The country also ranked number one in the world in cybersecurity in the IMD World Competitiveness report for 2025.
DSShield was founded in 2020 and is based in Riyadh. It provides cybersecurity solutions for businesses where system safety, data protection, and compliance are very important. Since it started, the company has delivered cybersecurity projects worth over SAR 1.5 billion, showing its strong experience and ability to handle large projects.
DSShield offers services like consulting, system implementation, and 24/7 managed security operations. These services help organizations of all sizes protect themselves from cyber risks as digital systems, physical operations, and data become more connected.
Siraj Marghalani, Founder and CEO of DSShield, commented, “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.”
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. Our investment in DSShield reflects this commitment to providing the institutional support and strategic framework necessary to solidify their leadership as a national champion in the regional cybersecurity landscape.”
Mohannad Alfayez, Partner and Head of Capital Formation at Merak Capital, added: “DSShield has established itself as a trusted partner across the public sector and regulated industries at a time when demand for homegrown solutions is accelerating. 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 new investment will help DSShield increase its security operations, improve its advisory and system setup services, grow its managed security offerings, and invest more in building its own technology.
It will also support the company’s expansion across government, critical infrastructure, and large businesses. This growth will help DSShield prepare for a possible public listing as it moves into its next stage of development.
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