13 Hrs
Source:
الاقتصادية
Lib Launches $100M Venture Fund
Sukna Capital announced the establishment of a new venture capital fund worth $100 million, aimed at supporting tech and industrial companies, alongside a previous fund valued at $50 million. The company is focused on diversifying its investments between technology and industrial firms, in addition to funding acquisition deals. Currently, it possesses its first open-ended direct lending fund with no real limit on the amount of lending. The CEO of Asset Management anticipates significant growth in the company's investments in the future, emphasizing the importance of financing small and medium-sized enterprises through debt, especially with the ongoing development of the Saudi market.
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