Wednesday 16 January 2019

Riyadh Valley inks summit deal with French firm

RIYADH, June 11, 2015

Riyadh Valley Company, the investment arm of the King Saudi University, has inked a partnership with Naseba, a French business facilitation company.

Under the deal, the firms will create, develop and manage the Mena Venture Capital and Private Equity Summit, with will take place on October 25 and 26 in Riyadh, Saudi Arabia.

The event will focus on private equity and venture capitalists from the GCC countries, who are seeking to learn best-in-class methodologies that will help them to enhance their investment strategic planning and performance management.

Most promising global emerging firms across healthcare, renewable energy and IT sectors will be provided with exposure to the region’s top venture capitalists and private equity investors.

Dr Khalid Al Saleh, chief executive officer, RVC, said: “Long-lasting relationship has just became stronger. Naseba has been our instrumental partner in connecting us with promising businesses across the globe, which was highlighted last month when we successfully invested in Solexel.

“This partnership is just a logical continuation of our relationship, but now we will join our forces and connect many more companies with our local investors, with the ultimate goal in our mind - to spur the economic development of Saudi Arabia.” - TradeArabia News Service

Tags: capital | Riyadh | Summit | venture | naseba | valley |

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