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Saudi Riches Don’t Reach Entrepreneurs as Bankers Shun Startups
When Saleh Al-Zaid decided it was time to expand Twitmail.com, the Saudi Arabian entrepreneur figured it wasn’t even worth trying to get a bank loan. “Saudi banks don’t want to take the risk with early stage startups,” Al-Zaid said over coffee and donuts in Riyadh. Instead, the 28-year-old obtained 1…
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Click here to read the full story: Bloomberg