RIYADH: In an effort to increase private equity activity in Saudi Arabia’s mid-market sector, Saudi Venture Capital has announced an investment in the Growth Catalyst Fund. The fund, which is run by Growth Catalyst Investment Co., will concentrate on industries with significant expansion potential and strategic significance in order to target growth-stage companies throughout the Kingdom and the larger Gulf Cooperation Council.
The action coincides with Saudi Arabia’s accelerated efforts to diversify its economy under Vision 2030, as scaling businesses looking to enter regional and international markets are demanding more funding.
By fusing financial support with operational know-how to boost productivity and competitiveness, the Growth Catalyst Fund seeks to close this gap. The investment in Growth Catalyst Fund reflects SVC’s continued role in deepening the private equity market in the Kingdom, particularly at the growth stage, which is seeing rising demand from scalable companies,” stated Nora Al-Sarhan, SVC’s deputy CEO and chief investment officer.
“Allowing fund managers to target this segment accelerates the development of national companies capable of competing regionally and globally, in line with the Kingdom’s ongoing economic transformation under Vision 2030,” Al-Sarhan continued.
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