Economist / The Saudi Venture Investment Company launches the investment product in debt funds and venture capital funds The Saudi Press Agency

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Riyadh, Safar 14, 1443 AH, corresponding to September 21, 2021 AD
The Saudi Venture Investment Company announced the launch of the investment product in funds that offer debt instruments (Debt Funds) and funds that offer Venture Debt Funds, after the approval of the Financial Sector Development Program Committee, one of the programs of the Kingdom’s Vision 2030.
The CEO of the Saudi Venture Investment Company, Dr. Nabil bin Abdul Qadir Koshak, stated that investment in start-ups and small and medium-sized enterprises in the Kingdom thrives through venture capital funds and growth funds backed by government programs such as the Saudi Investment Venture Company (one of the initiatives of the Financial Sector Development Program), however. Funds that offer debt instruments and venture capital instruments still represent a financing gap in the venture capital and growth investment system in the Kingdom, and debt instruments and venture capital instruments have emerged globally as an extension of the evolution of the venture capital and growth investment system.
For his part, the Deputy Governor of Monsha’at Finance and a member of the Board of Directors of the Saudi Investment Company Al-Jari Al-Maliki explained that the funds that offer debt instruments and bold debt instruments provide financing solutions to rapidly growing emerging enterprises, to contribute to helping them grow and expand and avoid reducing the ownership of the founders and current investors, and to achieve growth Required between investment rounds.
For his part, the Director General of the Financial Sector Development Program, Faisal Al-Sharif, indicated that the approval of the Financial Sector Development Program Committee to launch the Saudi Venture Investment Company for the investment product in debt funds and venture capital funds aims to diversify sources of funding and fill the current financing gaps for emerging companies and small and medium enterprises. This is within the framework of enabling financial institutions to support the growth of the private sector, one of the strategic pillars of the Financial Sector Development Program to achieve the objectives of the Kingdom’s Vision 2030.
It is noteworthy that the Saudi Venture Investment Company is a government company that was established in 2018 as a result of one of the initiatives of the Financial Sector Development Program, which was led by Monshaat.
The company aims to develop the bold investment system by stimulating investment in investment funds and investment in partnership with groups of angel investors, in order to bridge financing gaps and stimulate investment in emerging companies and small and medium enterprises, in line with the objectives of the Kingdom’s Vision 2030, in its initial, early and advanced stages of growth by investing 2.8 One billion Saudi riyals ($750 million).
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