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LIB 2026 Day Three Brings 293M
On the third day of the LEAP 2026 conference in Riyadh, a total of $293 million in investments and reports were recorded through nine funding rounds and two investment fund announcements. This reflects Saudi Arabia’s attractiveness to venture capital and supports the growth and expansion of emerging tech companies worldwide. The ministry indicated that the funding activities included a $43 million round for COFE, over $25 million for Flyadeal, $12 million for Carriage, and $8.5 million for Rabah. Additionally, two investment funds were launched with a total value of $166.7 million: one worth $100 million, linking Saudi Arabia and South Korea, and another to finance small and medium-sized enterprises, increasing from $26.7 million to $66.7 million—a 150% growth. There is a strong expectation for renewed momentum in tech investments and support for the growth of startups.
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