Riyadh – Sharikat Mubasher: Thabet Investment announced the launch of Everbridge Capital SA in partnership with Singapore-based Five Keys Investment, with an initial capital of SAR 375 million ($100 million).
According to the announcement on LinkedIn, the newly established fund aims to strengthen Saudi Arabia’s fintech ecosystem and empower small and medium enterprises (SMEs) as a core pillar of the national economy. This investment eyes to fill a SAR 300 billion financing gap within the local market by improving the current rate of financing from 9.1% to 20% by 2030.
Thabet Investment described the launch as a strategic step toward bridging the financing gap for SMEs and enhancing their role in achieving the objectives of Saudi Vision 2030. The company expressed confidence that Everbridge Capital will emerge as a leading platform offering innovative financing solutions that foster sustainable business growth in the Kingdom.
