• Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
Saudi Business News
Wednesday, May 14
00:04
33 °c
Riyadh
No Result
View All Result
Saudi Business News
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
No Result
View All Result
Saudi Business News
No Result
View All Result

HomeInvestmentSVC Injects $30M into Olive Rock Partners’ Private Equity Fund

SVC Injects $30M into Olive Rock Partners’ Private Equity Fund

Strategic Investment to Boost SME Growth in Saudi Arabia

March 13, 2024
in Investment
Reading Time: 1 min read
152
SHARES
1.9k
VIEWS
Share on FacebookShare on XShare on LinkedInShare on Telegram

Saudi Venture Capital (SVC), in a notable move to bolster small and medium-sized enterprises (SMEs), has committed $30 million to Olive Rock Partners Fund I. This private equity fund targets mid-market buyouts that are demographically favorable, well-located, and armed with technological advancements. The investment agreement was formalized by SVC’s CEO, Dr. Nabeel Koshak, and Olive Rock Partners’ Muhannad Qubbaj.

The ceremony, marking this significant partnership, saw the presence of key figures from both organizations, including SVC’s Chief Investment Officer, Nora Alsarhan, and Vice President of Investments, Haifa Almoqbil, alongside Olive Rock Partners’ Abdullah Shahin.

RelatedPosts

Egypt-Saudi Investment Deals Boost Sectors

Energy Investment Agreement Boosts US-Saudi Partnership

Human Capital Investment Drives Saudi Arabia’s Growth

Dr. Koshak highlighted that this infusion of funds is part of SVC’s broader initiative to nurture and sustain financing for burgeoning businesses, particularly in sectors deemed strategic. He emphasized the company’s ongoing commitment to supporting startups and SMEs from their inception through to the pre-IPO stage.

On the other side of the agreement, Muhannad Qubbaj expressed gratitude for SVC’s investment and confidence. He underscored the increasing importance of private equity partnerships in Saudi Arabia, which are instrumental in driving SME development and enhancing the direct investment ecosystem in the region.

Established in 2018 as a subsidiary of the SME Bank under the National Development Fund, SVC’s mandate is to invigorate the startup and SME scene with necessary financing through both fund investments and direct injections into promising enterprises.

Tags: Olive Rock PartnersPrivate EquitySaudi Venture CapitalSME financingSVC Investment
Share61Tweet38Share11Share

© 2025 Copyright, Saudi Business News

No Result
View All Result
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line

© 2025 Copyright, Saudi Business News

Go to mobile version