Thu, 2019-12-19 02:31
RIYADH: Saudi Arabia’s Public Investment Fund (PIF) has launched a new investment vehicle aimed at boosting small and medium enterprises (SMEs) in the Kingdom.
It will invest in venture capital and private equity funds geared towards small businesses.
The SR4 billion ($1.07 billion) “Jada” initiative is the latest move by the government to support SMEs, seen as a key part of plans to diversify the economy away from oil.
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