Saudi riyals are plenty for those in the ICT sector. Saudi Arabia has seen the launch of a new ICT venture worth 500 million riyals (USD 133 million). According to a report today from International Business Times the ‘Riyadh Taqnia Capital’ fund will be headquartered in the Kingdom’s capital Riyadh but will operate its international unit from California in the US. The partnership is between Taqnia, a Saudi firm investing in tech innovation, and investment bank Riyad Capital. According to the website Deal Street…
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Saudi launches $133M fund for ICT startups
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