Saudi Venture Capital (SVC) has announced its investment in the Artal Growth Opportunities Fund, a closed-ended private equity fund regulated by the Capital Market Authority of Saudi Arabia and managed by Riyadh-based Artal Capital.
The fund seeks to support high-growth companies by providing capital and leveraging Artal Capital’s expertise in business expansion and corporate governance.
It aims to assist portfolio companies in scaling their operations, expanding into new markets, and strengthening governance frameworks to enhance profitability.
The fund focuses on companies at the expansion and growth stage across the Gulf Cooperation Council (GCC), with a particular emphasis on Saudi Arabia.
It targets technology-enabled business models in sectors with strong growth potential and innovation capacity, prioritising digital solutions and post-investment value creation.
Dr Nabeel Koshak, Chief Executive and Board Member at SVC, stated:
“The investment in the private equity fund managed by Artal Capital is part of SVC’s Investment in Funds Programme and an implementation of its strategy related to attracting fund managers to invest in Saudi-based companies and stimulating investment for growth stages.”
Rayan Alrasheed, Chief Executive of Artal Capital, commented:
“SVC’s investment underscores the growing confidence in our strategy and investment approach. We believe this will accelerate the growth of the fund’s portfolio companies while contributing to the broader development of Saudi Arabia’s investment ecosystem.”
SVC, founded in 2018, is a subsidiary of SME Bank, which operates under Saudi Arabia’s National Development Fund.
The company aims to support financing for startups and small and medium-sized enterprises (SMEs) from pre-seed to pre-IPO stages through investments in funds and direct investments in early and growth-stage businesses.
Featured image credit: edited from freepik
