Merak Capital Completes $54M Investment in DSShield to Accelerate Saudi Cybersecurity Leadership
Riyadh, Saudi Arabia – Merak Capital, a Saudi investment firm licensed by the Capital Market Authority, has completed a $54 million investment in DSShield, one of Saudi Arabia’s fastest-growing cybersecurity companies.
The investment comes amid accelerated digital adoption, cloud migration, and industrial automation across the Kingdom, driving sustained demand for advanced cybersecurity services across both public and private sectors.
According to the National Cybersecurity Authority, Saudi Arabia’s cybersecurity market reached approximately $4.05 billion in 2024, reflecting 14% year-on-year growth. The Kingdom’s commitment to building a secure digital economy is further reinforced by its first-place global ranking in the IMD World Competitiveness cybersecurity indicator for 2025.
Founded in 2020 and headquartered in Riyadh, DSShield operates a cybersecurity delivery model designed for environments where availability, integrity, and regulatory compliance are critical to business continuity. Since inception, the company has successfully delivered cybersecurity programs and projects exceeding $400 million in value, demonstrating strong execution capabilities and financial scale across multiple industries.
DSShield’s services span cybersecurity advisory, implementation, and 24/7 managed security operations, enabling organizations to manage cyber risk holistically as digital, physical, and data environments increasingly converge.
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 investment will support the expansion of DSShield’s security operations capacity, strengthen advisory and implementation capabilities, scale managed security services, and accelerate investment in proprietary technology development. The partnership also supports growth across operational technology offerings and an expanding client base across government, critical infrastructure, and enterprise environments, while establishing a clear pathway toward a future public listing.
