Riyadh – Sharikat Mubasher: Saudi Venture Capital (SVC) announced it has invested in the Growth Catalyst Fund, a private equity vehicle managed by Growth Catalyst Investment Company, as it continues to expand support for high-growth companies across Saudi Arabia and the GCC.
According to a press release by SVC, the fund will target businesses at the growth and expansion stage, providing both capital and operational expertise to drive sustainable scaling, improve efficiency, and enhance competitiveness. It will focus on sectors including healthcare, education, consumer, defense industries, renewable energy, and food and beverage, prioritizing companies with strong growth potential and innovative capabilities.
Nora Alsarhan, Deputy CEO and Chief Investment Officer at SVC, said the investment reflects the firm’s ongoing efforts to deepen the private equity market in the Kingdom, particularly at the growth stage where demand from scalable companies continues to rise. She added that enabling fund managers to focus on this segment helps accelerate the development of national companies capable of competing regionally and globally, in line with Saudi Arabia’s Vision 2030.
Established in 2018, SVC operates as a subsidiary of the Small and Medium Enterprises Bank under the National Development Fund, with a mandate to stimulate and sustain financing for startups and SMEs from pre-seed to pre-IPO stages through fund investments and direct backing.
