PIF to Manage $1.1 Billion Fund for SME Companies

Posted on 08/01/2016


Saudi Arabia’s Public Investment Fund (PIF) has received approval to create a US$ 1.1 billion fund to foster growth in the country’s venture capital community. This monetary allocation is targeted to support the foundation of small to medium-sized companies in the country. Saudi Arabia’s Ministry of Commerce and Investment also is instructed to remove barriers […]

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