SVC invests in Artal Fund to accelerate scaling Saudi businesses

GHADA.ISMAIL
Mar 6, 2025

Riyadh – Sharikat Mubasher: Saudi Venture Capital (SVC) announced its investment in the Artal Growth Opportunities Fund, a private equity fund managed by Artal Capital and regulated by Saudi Arabia’s Capital Market Authority.

The fund focuses on supporting high-growth companies across the GCC, with a special focus on Saudi Arabia, according to the official press release. It targets technology-driven businesses at the expansion and growth stages, helping them scale through capital injection, market expansion, and stronger corporate governance.

Nabeel Koshak, CEO of SVC, said the investment aligns with SVC’s strategy to attract fund managers to invest in Saudi companies and boost funding for businesses in their growth phase.

Rayan Alrasheed, CEO of Artal Capital, welcomed SVC’s investment as a vote of confidence in Artal’s strategy, emphasizing its role in accelerating portfolio companies’ growth while supporting Saudi Arabia’s investment ecosystem.

Established in 2018 as a subsidiary of SME Bank under the National Development Fund, SVC works to enhance financing for startups and SMEs, investing in funds and directly into companies from pre-seed to pre-IPO.


Share

Related News

Derayah Financial backs Alpaca’s $52mn Series C
News
Calendar Icon
April 27, 2025
Derayah Financial backs Alpaca’s $52mn Series C
readmore
Pemo launches in Saudi Arabia, offers smart expense management
News
Calendar Icon
April 23, 2025
Pemo launches in Saudi Arabia, offers smart expense management
readmore
40 Indian firms open regional offices in Saudi Arabia
News
Calendar Icon
April 22, 2025
40 Indian firms open regional offices in Saudi Arabia
readmore
Savills wins construction management contract for Lenovo’s facility in Riyadh
News
Calendar Icon
April 22, 2025
Savills wins construction management contract for Lenovo’s facility in Riyadh
readmore
ZainTECH obtains commercial license in Saudi Arabia
News
Calendar Icon
April 17, 2025
ZainTECH obtains commercial license in Saudi Arabia
readmore
ViAct collects $7.3mn to expand in Saudi Arabia
News
Calendar Icon
April 16, 2025
ViAct collects $7.3mn to expand in Saudi Arabia
readmore
Sika Group unveils strategic expansions in Saudi Arabia
News
Calendar Icon
April 15, 2025
Sika Group unveils strategic expansions in Saudi Arabia
readmore
Jordan Canning eyes expanding into Saudi Arabia
News
Calendar Icon
April 14, 2025
Jordan Canning eyes expanding into Saudi Arabia
readmore
UAE’s Quiqup launches operations in Saudi Arabia
News
Calendar Icon
April 14, 2025
UAE’s Quiqup launches operations in Saudi Arabia
readmore
Saudi Batterjee Holding plans $200mn investment in Egypt
News
Calendar Icon
April 13, 2025
Saudi Batterjee Holding plans $200mn investment in Egypt
readmore