Riyadh, Saudi Arabia – October 2026: Falak announced the approval of Falak Flagship Fund as an accredited investment entity by Saudi Arabia’s Premium Residency Center, further strengthening Falak’s role in supporting entrepreneurs and attracting high-impact talent and investment to the Kingdom.
The approval, supported by the Ministry of Investment and the Premium Residency Center, comes as part of ongoing efforts to enhance Saudi Arabia’s attractiveness to entrepreneurs, investors, and talent from around the world, while reinforcing the Kingdom’s position as a destination for building and scaling businesses in line with the ambitions of Saudi Vision 2030.
Through this approval, Falak Flagship Fund will be able to support eligible entrepreneurs in accessing Premium Residency products in accordance with the Center’s applicable requirements and criteria, helping them establish themselves in the Kingdom, build and grow their companies, and access opportunities across the Saudi market.
The approval of Falak Flagship Fund builds on the previous accreditation granted to Falak Investment Hub, now Falak Holding, by Saudi Arabia’s Premium Residency Center. With two Falak legal entities now accredited within the ecosystem, Falak is further expanding its ability to support entrepreneurs, talent, and ambitious companies.
Premium Residency provides eligible individuals with a range of benefits and facilitations that support living and doing business in Saudi Arabia, including residency with family and the ability to conduct business and investment activities in accordance with applicable regulations, alongside other benefits designed to create a more enabling environment for entrepreneurs and investors.
This approval marks another step in Falak’s efforts to build stronger bridges between entrepreneurs, talent, and the growing opportunities within Saudi Arabia, enabling ambitious businesses to establish and scale from the Kingdom into the region and global markets.