“Saudi Venture Investment” invests 1.1 billion riyals in 20 funds

The government-owned Saudi Venture Investment Company revealed its commitment of 1.1 billion riyals to invest in funds and emerging companies, indicating that the number of venture investment funds and growth funds that have committed to investing in them amounted to 20 funds.

The company added that the number of deals in Saudi startups reached 116, from the start of its business until the end of the third quarter of 2021.

And regarding the bold investment system maintaining its rapid growth during the past three years, she explained that this growth and the record size of the value of bold investment every year, comes as a result of government stimulus initiatives as well as the emergence of more active investors and innovative entrepreneurs, according to the Saudi newspaper, “Al-Iqtisadiah”.

The company stated that it plays an important role in stimulating bold investment from the private sector to promote the accelerated growth of the venture investment system in the Kingdom.

In view of the rapid dynamic development of the venture capital system in the Kingdom, the company’s strategy and programs are periodically reviewed to ensure that the current financing gaps are filled, and effectively stimulate private investors.

From this point of view, the company recently announced the launch of the investment product in funds that offer debt instruments and funds that offer bold debt instruments, because funds that offer debt instruments and venture capital instruments still represent a financing gap in the venture capital and growth investment system in the Kingdom.

 
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