By The Arabian Leaders
Published on: 24-06-2025
Abdullah Almunif: Building Saudi Arabia’s Entrepreneurial Ecosystem One Vision at a Time
As Saudi Arabia accelerates its shift toward a diversified, knowledge-based economy, Abdullah Almunif has emerged as a key figure shaping this transformation. From humble beginnings to executive leadership, Almunif’s journey reflects a larger national narrative—one of opportunity, resilience, and bold ambition.
Born in 1976, Almunif is now the Founder and CEO of Thabat Holding and Co-founder of SEEDRA Ventures. His impact spans venture capital, youth development, logistics, tech startups, and strategic mentorship—all aligned with Vision 2030.
Early Life: From Modest Roots to Market Leader
Growing up in a low-income household, Abdullah Almunif was instilled with values of hard work, education, and perseverance. Inspired by his father and driven by early business instincts, he developed a future-focused mindset that would eventually lead him to launch and scale multiple high-impact ventures.
Thabat Holding: Diversification with Purpose
Founded in 1998, Thabat Holding began as a modest operation and evolved into a multi-sector conglomerate headquartered in Riyadh. The company now operates across:
- F&B: Including the luxury chocolate and bakery brand Anoosh
- Retail: Curated to serve evolving Saudi consumer trends
- Logistics: Delivering tech-forward transport and supply chain innovation
- Education: Supporting youth empowerment and next-gen skill development
Thabat has become a symbol of job creation, economic impact, and business innovation in the Kingdom.
SEEDRA Ventures: Investing in Saudi Innovation
As a Co-founder and Partner at SEEDRA Ventures, Almunif plays a central role in accelerating early-stage startup success. SEEDRA’s mission is to support:
- Scalable tech innovation in Saudi Arabia
- Mentorship and capital access for new founders
- Early-stage business models with global potential
SEEDRA’s portfolio benefits from Almunif’s expansive business acumen and hands-on support, making it a cornerstone of Saudi Arabia’s startup ecosystem.
A Diverse Entrepreneurial Portfolio
Almunif’s entrepreneurial journey includes launching and scaling companies across various industries:
- 9Round Fitness (KSA) – Expanding wellness and fitness access
- Southwind Telecom – Achieving a notable tech exit through STC acquisition
- Sparks Academy – Delivering 21st-century education focused on soft and digital skills
His ability to identify emerging trends and adapt to changing market needs has made him a standout figure in regional business leadership.
Angel Investing and Startup Enablement
Beyond founding companies, Abdullah Almunif is an active angel investor who brings capital and clarity to early-stage ventures. Some of the startups he has supported include:
- Jisr HR – A top-tier Saudi HR software platform
- Salasa Logistics – A game-changer for e-commerce logistics
- MONH – Focused on industry-specific innovation solutions
He empowers startups not just with funding—but with frameworks for sustainable success.
Recognition Across the Region and Beyond
Almunif’s thought leadership and influence have earned him top accolades:
- #1 on Forbes Middle East’s “Leaders Inspiring a Kingdom” list
- Featured in Harvard Business Review and Arab Business Report
- Honored for regional strategic impact and innovation
Mentorship and Entrepreneurial Advocacy
Almunif is also committed to mentoring and ecosystem building, serving in several advisory roles:
- Founding Member, OQAL Network – Connecting angel investors with founders
- Mentor, Endeavor Saudi Arabia – Supporting high-impact entrepreneurs
- Supporter of Failed Entrepreneurs – Advocating for resilience and second chances
His philosophy is rooted in creating a culture where innovation and risk-taking are celebrated.
Vision Aligned with Vision 2030
Abdullah Almunif’s strategy mirrors the core pillars of Vision 2030, including:
- Advancing digital transformation
- Empowering SMEs and innovators
- Promoting wellness, health, and education
- Increasing private sector engagement in tech and entrepreneurship
He believes in a future where Saudi Arabia competes globally by investing locally—in ideas, people, and purpose-driven business.
Conclusion: Driving Change Through Vision and Values
Abdullah Almunif is more than a business leader—he is a catalyst for national development. Whether through Thabat Holding, SEEDRA Ventures, or his mentorship work, Almunif is helping to redefine the entrepreneurial landscape of Saudi Arabia.
His journey reflects the heart of the Kingdom’s transformation—bold, resilient, and focused on long-term impact. As the country moves toward its Vision 2030 goals, Almunif’s leadership ensures that innovation, inclusion, and sustainability remain at the forefront.
