📌 Investment in Jadwa GCC Private Equity Fund 1
– Fund Details:
– Target: SAR 1.50 billion
– Hard Cap: SAR 2 billion
– Focus: Cross-sector private equity opportunities in Saudi Arabia and GCC.
– Strategic Goals:
– Support Saudi Vision 2030 by funding high-potential companies.
– Develop Saudi Arabia’s private equity ecosystem.
– Nabeel Koshak, CEO and Board Member, SVC: Investment aligns with diversifying and sustaining funding for Saudi companies.
– Tariq Al-Sudairy, Jadwa Investment: Partnership aims to nurture high-potential GCC companies and deliver long-term client value.
📌 Investment in Middle East Venture Fund IV
– Fund Size: USD 150 million.
– Objective:
– Support Saudi and regional tech startups from Seed to IPO stages.
– Build technology champions in Saudi Arabia and the region.
– Nabeel Koshak, SVC: Investment fosters early-stage Saudi startups’ growth into advanced stages.
– Walid Mansour, MEVP: Highlighted MEVP’s decade-long impact, including creating 12,000 jobs and USD 1.1 billion in co-investments.
📌 Investment in Raed Ventures’ Raed III Fund
– Focus: Tech and tech-enabled startups in Saudi Arabia and MENA, emphasizing fintech, enterprise software, and B2B SaaS.
– Early-Stage Investment: Concentrates on Saudi and UAE markets.
– Nabeel Koshak, SVC: Commitment to private funds investing in startups across growth stages.
– Omar A. Almajdouie, Raed Ventures: Collaboration with SVC as an anchor investor builds on Raed II’s success.
🇸🇦 SVC’s Broader Role in Ecosystem Development
– Established: 2018, as a subsidiary of SME Bank under the National Development Fund (NDF).
– Mission: Stimulate financing for startups and SMEs from pre-Seed to pre-IPO through fund and direct investments.
– Impact: Accelerates tech innovation, economic diversification, and job creation in Saudi Arabia.
