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Saudi Arabia Plans $270 Million Venture Fund for Tech Startups
Saudi Arabia’s government and one of the country’s biggest banks plan to start a venture capital fund of as much as 1 billion riyals ($270 million) to invest in new technology companies. Riyad Capital, the investment banking arm of Riyad Bank (RIBL), will manage the fund, while Saudi Technology Development…
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Click here to read the full story: Bloomberg