Riyadh, March 13, 2023, SPA — The Saudi Venture Capital Company (SVC), a subsidiary of the SME Bank, a development bank affiliated with the National Development Fund, announced an increase in its investment capital for the coming years, bringing the total investment capital to SAR 6 billion (USD 1.6 billion).
In addition, SVC launched its new brand identity as a subsidiary of the SME Bank, which reflects the strategic growth of SVC in developing its investment products and enhancing its role in financing startups and SMEs from pre-Seed to pre-IPO through investment in funds and co-investment in startups.
Source: Saudi Press Agency