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الاقتصادية
Daraya allocates 244 million riyals for sectoral fund
Daryah Financial Saudi Arabia has entered into a binding investment commitment valued at 244 million Saudi Riyals (65 million USD) in the HOF Capital Strategic Opportunities Fund II. The investment aims to focus on sectors such as artificial intelligence, enterprise technologies, real estate, and venture capital. An initial 40% of the amount was paid at the closing of the deal on August 28, with the remaining balance to be paid within 24 months, subject to possible schedule adjustments. The fund is targeted to establish an investment portfolio worth 4.5 billion Riyals (approximately 1.2 billion USD), comprising 15 companies. It seeks to support Daryah's expansion in asset management, especially within private markets, to generate fee-based revenue and achieve long-term growth.
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