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CAIRO: Saudi Arabia’s startup landscape has received a significant push after a subsidiary of the Kingdom’s Public Investment Fund committed to investing in… ....
CAIRO: Saudi Arabia’s startup landscape has received a significant push after a subsidiary of the Kingdom’s Public Investment Fund committed to investing in several venture capital vehicles. PIF’s Jada Fund of Funds Co. plans to invest an undisclosed amount in Bahrain-based Investcorp’s $500 million Saudi pre-initial public offering growth fund. The investment vehicle is ....
Monday, 18 January, 2021 - 10:30 Adel Al Ateeq, CEO of Jada Fund of Funds Co. (Jada) (Photo: Asharq Al-Awsat). Riyadh - Mosaed al-Zayani Adel Al Ateeq, CEO of Jada Fund of Funds Co. (Jada), said that the goal of the company was to stimulate investment in private equity and venture capital funds, thus financing the growth of the small and medium enterprises (SMEs) sector in Saudi Arabia in a sustainable manner. “In Jada, we are not only looking for profit, but we are forming a nest for an entire sector, the investment sector, with the aim of enhancing its positive contribution to the Saudi economy,” Al Ateeq told Asharq Al-Awsat in an exclusive interview. ....