• En
    • ع
Friday, October 31, 2025
Daleel News
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
No Result
View All Result
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
No Result
View All Result
Daleel News
  • En
    • ع

Saudi Venture Capital Invests in Global Equity Fund

Strategic Partnership to Promote Growth in Key Sectors

by Huda Marshad
May 14, 2024
in Industry
Copy Link شارك على فيسبوكشارك على تويتر

The Saudi Venture Capital Company (SVC), which operates under the aegis of the Small and Medium Enterprises Bank (SME), has recently declared an investment of SAR 112.5 million into a private equity fund overseen by General Atlantic, a prominent entity in the realm of private equity. General Atlantic boasts a stellar reputation for its expertise in nurturing growth-stage companies and, as of March 31, 2024, was responsible for managing an impressive portfolio of roughly $84 billion across various investment vehicles.

Targeting an array of high-growth, tech-infused sectors such as consumer goods, financial services, healthcare, life sciences, and technology, the fund aims to drive innovation and expansion within these domains.

SVC’s CEO and board member, Dr. Nabeel Koshak, has expressed that this move is a calculated component of SVC’s fund investment strategy. It seeks to draw in preeminent global fund managers to channel investments into Saudi-based firms and invigorate the investment landscape, particularly in the later stages of business development.

Bill Ford, Chairman and CEO of General Atlantic, praised the new alliance with SVC, emphasizing how Saudi Arabia’s Vision 2030 is catalyzing an era of unparalleled growth and ingenuity within the Kingdom. Ford underscored the prolific investment prospects that this national blueprint presents to the global investment community. He added that SVC’s strategic engagement is poised to bolster their knowledge and influence within this vital region.

Tags: General AtlanticPrivate EquitySaudi Venture CapitalSaudi Vision 2030Technology Investments
Copy Link ShareShareTweetSend

Related Posts

Korea-Saudi industrial cooperation under Vision 2030
Industry

Korea-Saudi industrial cooperation under Vision 2030

October 28, 2025
Industry

Saudi Electronics Manufacturing Gains Momentum

October 27, 2025
Industry

Saudi Egypt industrial partnership drives manufacturing

October 21, 2025
Industry

Siemens Mobility Riyadh office boosts rail projects

October 14, 2025
Industry

Saudi Aviation Transformation: Kyndryl–Auj Partnership

October 10, 2025
Industry

Saudi industrial mission targets K Show 2025 in Germany

October 10, 2025

Recommended News

Nissan-PIF Partnership: A New Chapter in Auto Industry

Nissan-PIF Partnership: A New Chapter in Auto Industry

April 21, 2025

Green Hydrogen Project in Yanbu: ACWA Power’s Ambitious Plan

August 3, 2025

AI Infrastructure in Saudi Arabia: Blaize & TCC Partnership

September 23, 2025

Browse by Categories

  • Climate
  • Energy
  • Industry
  • Logistics
  • Mining
  • Supply chain

Browse by Topics

Battery Energy Storage clean energy digital transformation Economic Diversification Economic Growth Electric Vehicles Energy Efficiency Energy Storage energy transition Exploration Licenses foreign investment Global Logistics Forum green hydrogen Industry 4.0 Innovation Investment JinkoSolar Joint Venture Logistics Hub Manufacturing Mineral Resources Mining Industry Mining Investment mining sector NEOM Renewable Energy Saudi Arabia Saudi Arabia Logistics Saudi Arabia Mining Saudi Vision 2030 Solar Energy Solar Power solar projects supply chain Sustainability Sustainable Development sustainable energy Vision 2030 wind power استثمار الخدمات اللوجستية في السعودية السيارات الكهربائية المملكة العربية السعودية تخزين الطاقة بالبطاريات سلسلة التوريد

Follow Us

Follow us on social media:
Recent News
Recent Posts
  • Samtah Solar PPA: 600 MW deal powers Saudi push
  • KEPCO wins Saudi wind project in 4.5 GW awards
  • Korea-Saudi industrial cooperation under Vision 2030
Categories
Categories
  • Climate
  • Energy
  • Industry
  • Logistics
  • Mining
  • Supply chain
Newsletter
Subscribe to our mailing list to receives daily updates direct to your inbox!
All rights reserved for the National Industrial Development and Logistics Program
  • Home
  • Privacy Policy
No Result
View All Result
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
  • Privacy Policy

All rights reserved for the National Industrial Development and Logistics Program