In February 2023, Impact46 launched a new $133 million fund to invest in technology startups in Saudi Arabia and MENA. In March 2024, it was appointed to manage Saudi Arabia’s National Development Fund and the Social Development Bank alongside Merak Capital. These $120 million venture funds are a part of the Gaming and Esports Financing Program, in collaboration with the Saudi Esports Federation. In November 2024, Impact46 led a $2.25 million seed round for Saudi-based cybersecurity startup COGNNA. Alomran is also the committee chair of the Capital Markets Advisory Committee, and he is a board member of Jahez and Rasan.