Abu-Dhabi based private fund manager Ruya Partners has poured funds into two Saudi ventures: a fiber production facility and digital freight platform TruKKer.

#1- Ruya invested USD 55 mn to finance AlShair Group’s new hygiene nonwoven fiber production plant in Yanbu, Saudi Arabia, according to a press release.The investment was completed as part of a consortium with another undisclosed fund. The project aims to boost local production of raw materials used in hygiene products.

The details: The facility, owned by Al Shair Group, will supply raw materials to United Saudi Company, Saudi Arabia’s sole dry-laid hygiene nonwoven manufacturer. It will support Al Shair’s vertical integration by bringing the full nonwoven supply chain inside the Kingdom. The facility is expected to begin operations within two years with an initial production capacity of 30k metric tons, expanding to 50k tons in a later phase.

#2- Ruya has also closed a USD 15 mn (SAR 55 mn) private credit investment in TruKKer, the region’s largest digital freight platform, according to a press release. The financing — executed through Ruya Private Capital I, the firm’s flagship credit fund — will support TruKKer’s regional growth and tech upgrades. With this transaction, the fund is now 90% deployed, with five of its six investments backing Saudi-based companies.

TruKKer? Founded in 2016, TruKKer operates a real-time freight marketplace connecting over 60k transporters to 1.2k enterprise clients across nine countries. Its platform enables truck owners to manage dispatch, scheduling, and documentation through one tech layer.

ICYMI- Ruya also invested USD 15.5 mn in UAE-based Epik Foods last year through its Private Capital I, LP fund to back its Saudi expansion.

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