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Saudi Venture Capital Co. funded 75 companies with no failures, CEO says arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Saudi venture capital market grows by 65% tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Venture Capital market grows by 65% in H1 2021 with investment volume SR630m saudigazette.com.sa - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saudigazette.com.sa Daily Mail and Mail on Sunday newspapers.
Nabeel Koshak: Growing Saudi Arabiaâs venture market Dr Nabeel Koshak, CEO of SVC Saudi Arabia’s government has been especially proactive in encouraging its entrepreneurship sector, the result of which is a fast-growing startup landscape. As part of its Vision 2030 plan, designed to diversify the kingdom’s economy, several government-led initiatives have helped to increase access to funding, ease founder journey and attract global talent to the country. One seminal initiative is the Private Sector Stimulus (PSS) initiative, under which Monsha’at launched the Saudi Venture Capital Company (SVC), a fund of funds with SAR 2.8 billion ($750 million) to invest. With its sector-agnostic approach and its focus on addressing investment gaps in the Saudi market, SVC has so far invested $239 million in 17 venture funds and a total of $31 million as co-investment across 63 startups, covering various sectors from logistics and education, to management services and en ....