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Key people at ITHCA Group.
ITHCA Group, based in Seeb, Oman, develops the ICT sector by providing technology and consulting services, encompassing infrastructure, cybersecurity, smart applications (IoT, AI, robotics, blockchain), ERP, and IT consultancy. Backed by the Oman Investment Authority, the group integrates and invests in companies to support 4th industrial revolution technologies and critical infrastructure. Since 2019, ITHCA Group has integrated entities like Oman Broadband, Oman Technology Fund, Oman Towers, and Space Communication Technologies, also launching Withaq Services. It has formed strategic partnerships, including investments with Oracle for cloud services and Onsor Technologies. Said Al Mandhari serves as Group CEO. The group's founders are not publicly known. Its business model centers on investment-focused group backed by Oman Investment Authority, integrating subsidiaries and forming strategic partnerships for tech infrastructure and services.
Key people at ITHCA Group.
ITHCA Group has 2 tracked investments across 2 companies. The latest tracked deal is $40.0M Series U in Movandi in October 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 1, 2025 | Movandi | $40.0M Series U | Ithca Group | Celesta, General Catalyst, Cota Capital, DNX Ventures, Murata Electronics, Phaistos Investment Fund, Sierra Ventures, VentureTech Alliance |
| Jul 28, 2025 | ZabonEx | $100K Pre-Seed | Future Fund Oman | — |