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Dalal Al Mutlaq
KSA Partner
Riyadh, KSA


Dalal is the KSA Partner of Iliad Partners based in Riyadh. She joined Iliad in 2022 after a friendship and collaboration spanning many years with the members of Iliad’s Board and our Founder. With 10+ years of experience as a startup founder, angel investor, VC investor, and in digital marketing and branding, Dalal has been an active contributor and early enabler of the development of the Saudi startup ecosystem as an investor, operator, mentor, and advisor.


Dalal leads Iliad Partners’ investment initiatives and ecosystem engagement in Saudi Arabia, with a focus on cultivating our relationships with the startup community and key stakeholders: incubators, accelerators, angel networks, government authorities, and our KSA co-investment network. Dalal is responsible for sourcing and screening for top founders, startups, and deal-flow in KSA and supporting our portfolio post-investment while leading our presence on the ground.


She sits on the Boards of Endeavor Saudi Arabia (a preeminent global entrepreneurship organization) and OQAL (Saudi’s leading angel network), steering their mission to build a thriving entrepreneurial ecosystem in KSA, and of the Saudi Arabia Cricket Federation.


Dalal has been investing in early-stage VC opportunities in the MENA region for the past 5 years as an active angel investor and while co-managing the VC platform of Al Mutlaq Group (“AMG”), where she successfully set in place AMG’s VC strategy and helped lead its launch and execution of investments. She also led the group’s BD effort by partnering and investing with regional and global VCs and securing a pipeline for direct investments. She is currently an advisor with AMG’s VC platform.


She is also the Co-Founder of The Local Agency, a leading Saudi-based branding and marketing firm, which she launched in 2015 as an entrepreneur.

Dalal holds a bachelor’s degree from Parson School of Design New School in Paris, France, in Design Management and an Associate of Arts in Graphic Design from the Fashion Institute of Design & Merchandising (FIDM) in Los Angeles, California.

Dalal is a native speaker of Arabic and speaks English and French fluently.

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