Riyadh – Sharikat Mubasher: The Saudi Venture Capital Company (SVC) announced signing joint investment agreements worth SAR 1 billion with 11 American fund managers overseeing 17 venture capital, private equity, and private debt funds.
The move aims to strengthen economic ties between Saudi Arabia and the United States while supporting the growth of late-stage technology and innovation-driven companies, as per SVC’s announcement on X.com.
The agreements were concluded in Washington, D.C., in the presence of Nabeel Koshak, SVC Chief Executive and board member, alongside Linda Rottenberg, Endeavor Catalyst Fund CEO, and Scott Sobel, Valor Venture Fund CEO.
SVC said the step reflects Saudi Arabia’s broader efforts to expand investment cooperation in strategic sectors such as advanced technology, artificial intelligence, supply chains, and the digital economy. The initiative also aligns with the goals of Vision 2030 to diversify the national economy and create new opportunities for the private sector.
