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المشهد العربي
Draaia Financial invests 244M riyals in HOF Capital
Dawiyat Financial Company announced an investment of 244 million riyals (equivalent to $65 million) in HOF Capital Strategic Opportunities Fund II, with the aim of capitalizing on global technological opportunities in the fields of technology and artificial intelligence. This investment follows the company's previous success through a partial exit from its investment in SpaceX, while maintaining a portfolio of other investments. The company also confirmed that there are no financial difficulties, as the funds raised so far have not exceeded 100 million riyals, with a plan to provide the remaining amount according to the established procedures.
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