The venture capital fund, backed by the Saudi Arabian Public Investment Fund (PIF) and China’s Alibaba Group, is close to raising $1 billion to support tech start-ups in Asia and the Middle East.

The fund, launched in 2019, has raised $400 million to complete deals this year.

He has already invested in 16 companies and plans to list three of them on the Saudi Arabian stock market and two more in the US over the next year.

The state investment fund and Alibaba will remain the main shareholders in the second round of funding for technology companies, along with other international investors.

Previous articleToday Match Predictions: ECN Gibraltar, 2023, RGC vs ETR 54th Prediction, Fantasy Cricket Tips, Pitch Report and Injury Update
Next articleStoltenberg announces NATO’s adoption of a new military planning concept and sets a date for Finland and Sweden to join the alliance.
We provide you with the Latest Breaking News 24 hours a day from around the World.

Leave a Reply