MAGNiTT – BOL News Staging

Saudi startups trail Egyptians in venture capital deals

December 20, 2021 by Muhammad Zubair

RIYADH: Saudi Arabia was among the top countries in the Middle East and North Africa for new venture capital deals in the third quarter of 2021 with startups raising SR769 million ($205 million) from 91 deals, Arab News reported. It is a 439 per cent hike as compared with the figures of a year ago during which … Read more

Saudi Arabia startups see huge growth in eco-friendly ‘impact’ funding

November 27, 2021 by Muhammad Zubair

RIYADH: Venture capital impact investment in Saudi Arabia reached a new high in 2021 in both total number of transactions and capital deployed, Arab News quoted a report produced by MAGNiTT and Saudi Aramco. Impact investments are those aimed at generating a measurable social and environmental benefit alongside a financial return. Impact funding in the kingdom up … Read more

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