12 Hrs
Source:
الاقتصادية
Saudi Arabia invests in Khwarismi Fund to support tech startups
The Saudi Venture Investment Company announced its investment in the "Al-Khwarizmi Venture Capital Fund 2," managed by Al-Khwarizmi Financial. The aim is to support the funding of startups in the technology, artificial intelligence, and e-commerce sectors. The fund focuses on investing in companies during their startup and Series A funding stages, with the goal of strengthening the venture capital ecosystem in the Kingdom and stimulating the growth of promising tech companies. This step is part of the company's efforts to develop the venture capital market and enable entrepreneurs to access the necessary capital for sustainable growth.
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