Saudi investors are preparing to launch a private equity fund designed to attract foreign investment into the kingdom, according to an executive involved in its formation. The fund will target controlling stakes in sectors including healthcare, logistics, cold storage and data c…
Curated by CityCalc from AGBI. Read the full article at the source.
Related articles
- Omani wealth fund to develop solar project in Botswana — A subsidiary of Oman’s sovereign wealth fund has started building a 500-megawatt solar power plant in Botswana, southern Africa. The project
- INVIA raises $1.2 million to build AI-powered financial OS for SMEs in Egypt — Egypt-based fintech startup INVIA has raised $1.2 million from angel investors and strategic backers. Founded in 2023 by Yehia Ashour, Ahmed
- Edafa Venture acquires Egypt's Cyclex in six-figure deal — Saudi-Egyptian investment firm Edafa Venture has acquired Egypt-based Cyclex in a six-figure deal, facilitated by Startup Sync. Cyclex opera
- Falak Holding acquires majority stake in AI startup Kernel — Falak Holding has acquired a majority stake in AI startup Kernel, including its operations in Saudi Arabia and Jordan. Kernel develops appli
- Homegrown Ventures closes $22.8 million Fund I to back MENA consumer brands — UAE-based Homegrown Ventures has closed its debut Fund I at $22.8 million, exceeding its $20 million target. The fund focuses on early-stage