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PIF from Saudi Arabia offers $1 billion in leg-ups for small businesses

Published On 24 Dec 2019 10:44 AM


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RIYADH: The Public Investment Fund (PIF) of Saudi Arabia has launched a new investment vehicle to support SMEs in the Kingdom.

It will invest in small business-oriented venture capital and private equity funds.

The "Jada" SR4 billion ($1.07 billion) program is the government's latest move to help small and medium-sized enterprises as a key part of efforts to diversify the economy away from oil.

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Tags : Public Investment Fund, new investment vehicle, private equity funds, Jada, Kingdom's financial institutions,
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