Falak Angels, a Saudi angel investment network, has teamed up with Kassim Legal, a law firm specializing in startups, to enhance legal support for investors and partners. This move aims to simplify investments and boost the entrepreneurial scene in Saudi Arabia.
Kassim Legal will help register syndication investment vehicles, allowing for cost-effective SPV setups. They will also assist in creating micro-funds, enabling investors to diversify portfolios, especially in technology. Additionally, they will offer legal advice to ensure smooth operations for both investors and startups.
This collaboration underlines the commitment of both entities to Saudi Arabia’s Vision 2030, focusing on SME empowerment and economic diversification.
Hisham Kassim of Kassim Legal expressed enthusiasm for the partnership, emphasizing the goal of simplifying investment structures to encourage innovation. Adwa Al Dakheel of Falak Investment Hub noted the partnership’s role in creating a supportive environment for investors and startups, aiming to make investments in Saudi startups more accessible.