Silicon Valley's General Catalyst makes first investment into Saudi Arabia through fintech Lean Technologies
Saudi Arabia’s fintech startups have raised over $1.84 billion in venture capital investments since 2018, according to the ...
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Silicon Valley’s General Catalyst Leads $67.5 Mn Series-B Round for Saudi’s Fintech Lean Technologies
Silicon Valley-based General Catalyst, on Monday led a whopping $67.5 million Series-B round for the Riyadh-based fintech ...
Saudi Venture Capital Invests $20M In A Venture Capital Fund By BECO Capital
Saudi Venture Capital (SVC) announced an investment of $20M in Booster Fund IV, a venture capital fund managed by BECO ...
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Saudi Arabia Weighs $100 Billion AI Investment Plan, Sources Say
Saudi Arabia is looking to launch an ambitious artificial intelligence venture dubbed “Project Transcendence,” with potential ...
Saudi Arabia spent years investing in global tech firms. Its domestic AI push hopes they'll return the favor.
The kingdom is looking to companies overseas to help it meet its AI ambitions at home after years of investing billions of ...
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BIM Ventures unite with SBI Holding to launch $200 million fund “BIM Capital”
Saudi Arabia-based venture studio firm BIM Ventures and Japan’s SBI Holding have launched BIM Capital, a joint venture ...
As regional violence rages, Saudi Arabia pitches itself as investment hub
The summit in Riyadh, known as the Future Investment Initiative, allowed the kingdom to showcase its ambitious plans to ...
Trade Finance Driving Saudi Arabia's Economic Transformation: An Example Of Innovative Growth
The evolving trade finance landscape presents opportunities for private capital to bridge gaps traditionally left by ...
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Aljazira Capital Partners with ATEL Capital Group and Guidance Investments to Launch Ijarah – A Shariah-Compliant Leasing Venture in Saudi Arabia
Aljazira Capital, a leading Saudi investment firm and subsidiary of Bank Aljazira, has entered a strategic partnership with ...
Saudi sovereign wealth fund announces $2 billion deal for new Brookfield Middle East platform
At least 50% of the capital will be allocated to investments in the kingdom and to expanding international companies’ ...
Saudi megafund’s success rests on fuzzy local bets
Saudi Arabia’s main mission is to diversify its heavily oil-dependent economy. But that “Vision 2030” project is undergoing a ...
Saudi Wants To Use Its Oil Billions To Become An AI Power Player
Cash, land and cheap renewable energy were key parts of the kingdom’s pitch to become a “global hub for AI” at its annual ‘Davos in the desert” summit.