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FINANCIAL NEWS
Saudi Arabia funds USD 119.8mn to help digital projects
26 Dec 2015
(MENAFN) Saudi Arabia recently launched USD 119.8mn venture capital fund in order to finance entrepreneurial digital initiatives and projects in the Kingdom.
This fund is one of many measures KACST has taken to encourage entrepreneurship and innovation to transform Saudi economy.
Additionally, the fund is an outcome of more three years of constant efforts, talks and negotiations that reached to a strategic elaboration.
Moreover, it will target the technological and innovative projects that have the potential to yield financial outcomes as this will be the major criteria.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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