Live Breaking News & Updates on சவுதி துணிகர மூலதனம்
Stay updated with breaking news from சவுதி துணிகர மூலதனம். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Funding to KSA's start-ups rises 65pc in 1st half of '21-568365 daily-sun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daily-sun.com Daily Mail and Mail on Sunday newspapers.
Aramcoâs Waâed signs agreement with Falak Investment Hub to increase Saudi startup funding Saudi Arabia-based Falak Investment Hub has signed a memorandum of understanding (MoU) with Wa’ed, the entrepreneurship arm of Aramco, to increase venture capital investment for early and growth stage Saudi startups. This marks the fifth alliance by Wa’ed with a startup since December of last year, following previous cooperations with Oqal, Taiba Valley Companies, and Namaa Almunawara among others. The collaboration will also leverage Falak’s acceleration programme, angel network and entrepreneurial bootcamps. Founded in 2018 by Adwa Aldakheel, Falak offers VC investments as well investment-backed accelerator programme, and is claimed to have generated SAR550 million ($147 million) for the 17 startups in its portfolio. ....
Bonat raises Seed investment led by Impact46 wamda.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wamda.com Daily Mail and Mail on Sunday newspapers.
Driving investment and entrepreneurship in the Middle East atlanticcouncil.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from atlanticcouncil.org Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi Arabia’s sovereign wealth fund is backing a Middle East venture-capital fund run by Hambro Perks Ltd., joining the trend for state investors in the region to put money into early-stage companies, according to Al Arabiya citing Bloomberg. The Public Investment Fund (PIF) of Saudi Arabia is an anchor investor in the $50 million Oryx Fund, which will target fintech, health and education technology startups across the Middle East and North Africa (MENA), according to Dominic Perks, co-founder of London-based venture firm Hambro Perks. Oryx is the first Western venture-capital fund to get backing from PIF, which made the investment through its Jada unit, according to a statement from Hambro Perks. Other investors include Saudi Venture Capital Co. and Riyadh Valley Co. ....