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Mustaqbal Fund
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Mustaqbal Fund is a significant "Fund of Funds" initiative with a capital of SAR 4 billion (approximately USD 1.07 billion). It was established by the Small and Medium Enterprises General Authority (Monsha'at) and is managed by the Saudi Venture Capital Company (SVC). The fund's primary mission is to stimulate the local venture capital ecosystem by investing in venture capital and private equity funds that target Saudi Arabian startups and small to medium-sized enterprises (SMEs). By doing so, it aims to fill financing gaps, encourage private sector investment, and contribute to the economic diversification goals of Saudi Arabia's Vision 2030.
United Arab Emirates
Industry
Financial