Riyadh - Sharikat Mubasher: Falak Holding, a leading investment and innovation platform, announced the acquisition of a majority stake in Kernel, a company specializing in developing AI solutions and applications, as part of its broader strategy to expand its technical capabilities and strengthen its presence in advanced technology sectors.

Through this acquisition, which includes Kernel’s operations in Saudi Arabia and Jordan, Falak will integrate Kernel’s technical expertise with its broader venture-building ecosystem, creating new opportunities to support AI-powered startups, develop innovative products, and enable organizations to adopt artificial intelligence effectively, the company announced in a statement today.

Kernel develops AI products, delivers specialized training programs, and operates initiatives such as AI Startup Lab, which focuses on building real AI solutions and supporting teams in turning advanced technical ideas into scalable products.

Commenting on the acquisition, Adwa Aldakheel, Founder and CEO of Falak, said: “By bringing Kernel into Falak’s ecosystem, we aim to accelerate the development of AI-powered ventures and support the next generation of technology-driven companies.”

In turn, Abdullah Alghwairi, Founder of Kernel, affirmed that becoming part of Falak’s ecosystem opens new opportunities for growth and collaboration as the company continues developing impactful AI technologies across the region.

The AI company will continue to operate independently within Falak’s ecosystem as a Falak Holding company, maintaining its operational focus while benefiting from Falak’s investment network and entrepreneurial platform.