• Falak Holding has acquired a majority stake in AI startup Kernel, including its operations in Saudi Arabia and Jordan.
• Kernel develops applied artificial intelligence solutions, alongside training programmes and initiatives such as AI Startup Lab.
• The company was founded with the aim of transforming AI technologies into practical, scalable products for the market.
• The acquisition aims to strengthen Falak’s capabilities in advanced technologies and expand its AI investment ecosystem.
• Kernel will continue to operate independently within Falak’s platform, leveraging its network to support innovation.

Press release:

Falak Holding announced its acquisition of a majority stake in Kernel, including its branches in Saudi Arabia and Jordan. Kernel specialises in developing AI solutions and applications, in a strategic move aimed at strengthening Falak’s presence in advanced technologies and expanding its capabilities in the artificial intelligence sector.

Kernel was established with the goal of transforming AI knowledge into practical applications with tangible impact. The company develops AI-based products, in addition to offering specialised training programmes and applied initiatives such as AI Startup Lab, which focuses on building real AI products and enabling technical teams to turn advanced ideas into scalable market solutions.

Through this acquisition, Falak aims to integrate Kernel’s technical expertise with its entrepreneurial and investment ecosystem, opening new avenues to support AI-driven startups, accelerate product development, and enable organisations to benefit from AI solutions in a practical and effective way.

Under the terms of the deal, Kernel will continue to operate independently within Falak Holding, while benefiting from Falak’s investment network and entrepreneurial platform to support innovation and build technology companies.

Adwa Al-Dakheel, Founder and CEO of Falak, said, "Artificial intelligence is one of the most important drivers of technological and economic transformation globally. Our acquisition of Kernel aligns with our vision to strengthen Falak’s capabilities in this space and build an integrated ecosystem that combines investment, innovation, and the practical application of advanced technologies.”

Abdullah Alghuwairi, Founder of Kernel, added, "Kernel was founded to make artificial intelligence a practical tool that companies and innovators can use to build real products and solutions. Joining Falak’s ecosystem opens new opportunities to expand our impact and accelerate the development of AI technologies in the region.”