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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