Riyadh - Sharikat Mubasher: Al Awwal Capital, a Saudi provider of financial and investment businesses and services, signed a memorandum of understanding (MoU) with iGate Holding Group on the sidelines of LEAP 2024 to foster and attract startups.
Under this strategic partnership, both parties will join efforts to develop and launch diverse investment funds that cater to different categories of investors, providing them with sustainable investment opportunities.
The MoU aims to enhance innovation in the Saudi investment landscape and reflects the efforts of both parties to boost the national economy and bolster innovation in conjunction with Vision 2030.
Adnan Telmesani, Managing Director of Al Awwal Capital, affirmed that the company targets providing innovative investment opportunities that boost sustainable development in the Kingdom.
On the other side, Mohareb Alrshidi, CEO of iGate Holding Group, stated that the MoU represents a milestone for the company towards enhancing innovation in the Saudi investment landscape and providing innovative investment opportunities.
LEAP 2024 took place in Riyadh from 4 to 7 March with the participation of over 600 startups and more than 1,800 global tech exhibitors. Over four days, it welcomed more than 215,000 attendees and witnessed the signing of significant deals worth billions of dollars.
