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– SVC invests $30 million in Olive Rock Partners Fund I to increase support for mid-market acquisition transactions.
– This investment marks a strategic move in SVC’s fund investment program aimed at strengthening financing options for Saudi startups and SMEs.
– The collaboration between Olive Rock Partners and SVC signifies the growing importance of private equity partnerships in Saudi Arabia, supporting the development of small and medium-sized enterprises and advancing the investment climate.
Saudi Venture Capital (SVC) has committed $30 million to Olive Rock Partners Fund I, a regional private equity fund focused on supporting acquisition transactions for mid-sized companies with strong technological, regional and economic bases. announced an investment of US$.
The investment marks a significant strategic move in SVC’s fund investment program, which aims to strengthen financing options for Saudi startups and small and medium-sized enterprises (SMEs).
The purpose of this program is to promote and facilitate funding for companies in the early stages of growth or expansion.
At the signing, Mohanad Kabaji, co-founder of Olive Rock Partners, represented the fund, and Dr. Nabil Koshak, CEO and director of SVC, represented the company.
Abdullah Shahin, co-founder of Olive Rock Partners, also attended the signing ceremony. Haifaa Al Mukbil, Deputy Head of Investments; and Nora Al Sarhan, Investment Manager at SVC. Nabil Koshak, CEO of SVC, emphasized the importance of this investment, which is in line with the company’s strategy to expand and strengthen financing for small and medium-sized enterprises and start-ups, particularly in key industries.
“This investment is part of our fund investment program and continues the series of investments the company has made in this area,” Koshak said.
Mohannad Qabaj, co-founder of Olive Rock Partners, expressed gratitude for the successful collaboration between the two organizations and thanked SVC for its investment and trust.
According to Kabaji, private equity partnerships will play an increasingly important role in Saudi Arabia, supporting the development of small and medium-sized enterprises and advancing the overall investment climate.
Through this investment, SVC is demonstrating its commitment to fostering innovation and entrepreneurship in the Kingdom, particularly in strengthening economic infrastructure and strengthening the business environment for start-ups and SMEs.
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