Saudi Venture Capital Invests in Private Equity Fund of Alef Capital

Tadawul All Shares Index

Tadawul All Shares Index

TASI.SA

0.00

Riyadh - Mubasher: Saudi Venture Capital (SVC) announced its investment in Aliph Fund I , a private equity fund managed by Alif Capital .

The company explained that the Aliph Fund I invests in medium-sized companies in the Kingdom of Saudi Arabia and the Gulf Cooperation Council countries with an active ownership model that supports growth and focuses on creating added value and enabling technology, according to what was reported by the Saudi Press Agency "SPA" today, Wednesday.

“Our investment in Alef Capital’s private equity fund is part of our fund investment program in line with our strategy to support funds investing in growth-oriented Saudi companies,” said Nabil Koshak, CEO and board member of SVC .

For her part, Huda Al Lawati, Founder and CEO of Alef Capital, pointed out that small and medium enterprises in the GCC countries represent great opportunities to create value for investors and drive economic growth, especially when supported by active and practical management with a clear strategy for digital transformation and technology empowerment.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.