About TAWAL
TAWAL is a company based in Riyadh (Saudi Arabia) founded in 2018 was acquired by Public Investment Fund in April 2024.. TAWAL has completed 1 acquisition, including TAWAL. TAWAL offers products and services including Built-to-Suit and Colocation.
- Headquarter Riyadh, Saudi Arabia
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Telecommunications Towers Company J.S.C.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$998.96 M (USD), Debt – Conventional
Dec 13, 2023
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Investors
National Commercial Bank
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Public Investment Fund
(Apr 22, 2024)
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Products & Services of TAWAL
TAWAL offers a comprehensive portfolio of products and services, including Built-to-Suit and Colocation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Optimal telecom infrastructure solutions are provided to expand connectivity and reach remote areas.
Eco-friendly solutions are offered for sharing passive infrastructure on existing telecom towers to densify coverage.
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Leadership Team
14 people
Software Development Team
10 people
Finance and Accounting
5 people
Commercial Team
3 people
Operations Team
3 people
Human Resources and Administration
3 people
Legal and Compliance
3 people
Sales and Marketing
3 people
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Funding Insights of TAWAL
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $999.0M
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First Round
First Round
(13 Dec 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Debt – Conventional - TAWAL | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TAWAL
TAWAL has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include National Commercial Bank, SAB and Public Investment Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Commercial bank
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Founded Year | Domain | Location | |
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Banking and financial services are provided by SAB in Saudi Arabia.
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Founded Year | Domain | Location | |
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Manages investments in energy, real estate, and technology to support national development.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TAWAL
TAWAL has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include TAWAL. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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TAWAL is engaged in providing telecommunications infrastructure solutions.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TAWAL
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tawal Comparisons
Competitors of TAWAL
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about TAWAL
When was TAWAL founded?
TAWAL was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Where is TAWAL located?
TAWAL is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of TAWAL?
Mohammed Alhakbani is the current CEO of TAWAL.
What does TAWAL do?
TAWAL was established in 2018 and is headquartered in Riyadh, Saudi Arabia. Tower infrastructure services are offered by the company within the telecommunications sector. Operations focus on supporting network deployment and maintenance across the region. Leadership is provided by CEO Mohammed Alhakbani. The domain tawal.com.sa is utilized for online presence, with activities centered on infrastructure provision for mobile operators.
What products or services does TAWAL offer?
TAWAL offers Built-to-Suit and Colocation.
How many acquisitions has TAWAL made?
TAWAL has made 1 acquisition, including TAWAL.
Who are TAWAL's investors?
TAWAL has 3 investors. Key investors include National Commercial Bank, SAB, and Public Investment Fund.
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