Tuesday 6 June 2023

Saudi venture company boosts investment capital to $1.6bn

RIYADH, March 13, 2023

The Saudi Venture Capital Company (SVC), a subsidiary of the SME Bank, a development bank affiliated with the National Development Fund, has announced an increase in its investment capital for the coming years, bringing the total investment capital to SR6 billion ($1.6 billion).
In addition, SVC launched its new brand identity as a subsidiary of the SME Bank, which reflects the strategic growth of SVC in developing its investment products, reported SPA.
It also enhances its role in financing startups and SMEs from pre-Seed to pre-IPO through investment in funds and co-investment in startups. 


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