SVC invests in 54 investment funds

The “Impact Report”, issued today by Saudi Venture Capital Company (SVC), revealed its contribution to achieving record growth rates. The report highlighted SVC’s most important achievements and its impact on the development of the private investment system (venture investment, private equity, venture debt, private debt) in the Kingdom since its establishment in 2018. The number of funds in which the company invested reached 54 investment funds, while the number of startups and small and medium enterprises invested in exceeded 800 companies.

The report indicated that SVC’s total investments since its establishment through all its programs amounted to 3.7 billion riyals, while the total impact of committed investments, including partners’ commitments, was estimated at about 18.1 billion riyals.

The report explained that the company’s strategy contributed to the Kingdom maintaining its first place in the Middle East and North Africa region, for the second year in a row, in terms of the total value of venture capital investment in 2024, reflecting the development witnessed by the Kingdom in various economic and financial sectors in light of the Kingdom’s Vision 2030 and its goals to enhance the national economy.

He pointed out that the company’s strategy has been able, over the past six years, to increase the number of investors in Saudi startups and small and medium enterprises, encourage financial market institutions to establish funds specialized in venture capital and private equity, and stimulate regional and global funds to invest in Saudi companies.

The company has launched several development initiatives to develop the private investment sector in the Kingdom, including implementing educational programs with local and international partners to develop the skills of fund managers and fund investors and supporting the development of reports that highlight the investment landscape in the Kingdom, which enables reliance on data in making investment decisions.

Dr. Nabil bin Abdulqader, CEO and Board Member of SVC, said: “We affirm our commitment to further stimulating the private investment system by launching appropriate investment programs, products and development initiatives based on studying and analyzing the system’s needs and in accordance with regional and global business models, which leads to diversifying the national economy and achieving the goals of the Kingdom’s Vision 2030.”