Latest news with #SMEBank
Syyaha
6 days ago
- Business
- Syyaha
Saudi Arabia Aggregates $860M of Venture Capital Deployment in H1 2025, Surpassing All of 2024 Funding, and Maintains Its Leading Position in MENA
The 'H1 2025 Saudi Arabia Venture Capital Report' revealed that Saudi Arabia achieved a record total Venture Capital (VC) deployment of $860 million (SAR 3.2Bn) in H1 2025, up by 116% compared to H1 2024, surpassing the total VC funding for all of Kingdom also maintained its first rank across the MENA region in VC funding, accounting for 56% of the total capital deployed in the region. This confirms the attractiveness of the Saudi market, its competitive environment, and its position as the largest economy in the MENA report released today by the venture data platform MAGNiTT, sponsored by SVC, also shows that Saudi Arabia achieved a record 114 VC deals in H1 2025, a 31% increase compared to H1 2024. This accounts for 37% of the total deals in the MENA region, marking the highest share ever for the to the report, e-commerce ranked first among sectors in Saudi Arabia, accounting for 36% of the country's capital deployed in H1 2025, with a value of $306 million (SAR 1.1 billion). Fintech led in the number of deals, with 30 deals, representing 26% of all VC deals in the on the report, Dr. Nabeel Koshak, CEO and Board Member at SVC, said: 'The steady growth of the Saudi VC ecosystem in recent years has enabled it to maintain its leading position in the MENA region and achieve a record VC funding and deal count in the first half of 2025. This growth directly results from the country's commitment to realizing the Saudi Vision 2030, which emphasizes fostering entrepreneurship and stimulating investment in startups from early to later stages.'SVC is an investment company established in 2018 and is a subsidiary of the SME Bank, one of the development banks affiliated with the National Development Fund. SVC aims to stimulate and sustain financing for startups and SMEs from pre-Seed to pre-IPO through investment in private capital funds (venture capital, private equity, venture debt and private credit) as well as direct investment in startups and SMEs. The post Saudi Arabia Aggregates $860M of Venture Capital Deployment in H1 2025, Surpassing All of 2024 Funding, and Maintains Its Leading Position in MENA appeared first on سياحة.
Asharq Al-Awsat
16-07-2025
- Business
- Asharq Al-Awsat
Saudi Arabia Leads Middle East Venture Capital Investments
The "H1 2025 MENA Venture Investment Report" revealed that Saudi Arabia maintained its first rank across MENA in terms of Venture Capital (VC) funding in H1 2025, witnessing a total VC deployment of $860 Million (SAR 3.2 billion), surpassing the total VC funding of 2024 (full year). This achievement reflects the development the Kingdom is witnessing in various economic and financial sectors in light of the Saudi Vision 2030 and its goals to strengthen the national economy. According to the report published by the venture data platform MAGNiTT, the Kingdom captured the highest share of total VC funding in the MENA region in H1 2025, accounting for 56% of the total capital deployed in the region. The report also revealed that Saudi Arabia achieved a record number of 114 VC deals for the first half of 2025. This confirms the attractiveness of the Saudi market, enhances its competitive environment, and consolidates the strength of the Kingdom's economy as the largest economy in MENA. Dr. Nabeel Koshak, CEO and Board Member at SVC, commented: 'The Kingdom's leading position in the VC scene in the region comes as a result of many governmental initiatives launched to stimulate the VC and startups ecosystem within the Saudi Vision 2030 programs.' 'We at SVC are committed to continuing to lead the development of the ecosystem by stimulating private investors to provide support for startups and SMEs to be capable of fast and high growth, leading to diversifying the national economy and achieving the goals of the Saudi Vision 2030.' SVC is an investment company established in 2018. It is a subsidiary of the SME Bank, part of the National Development Fund (NDF). SVC aims to stimulate and sustain financing for Startups and SMEs from pre-Seed to pre-IPO through investment in funds and direct investment in startups and SMEs.
Arabian Business
15-07-2025
- Business
- Arabian Business
Saudi Arabia leads MENA venture capital with $860m in H1 2025, surpassing 2024 total
Saudi Arabia has reinforced its dominance in the Middle East and North Africa's venture capital landscape, securing the top spot in H1 2025 with a total VC funding of $860m (SR3.2bn) — already surpassing the Kingdom's full-year VC total for 2024. The 'H1 2025 MENA Venture Investment Report' from venture data platform MAGNiTT revealed that Saudi Arabia accounted for 56 per cent of total capital deployed across the MENA region, underscoring its pivotal role in shaping the region's startup and innovation economy. The Kingdom also saw a record-breaking 114 VC deals during the first six months of the year, signalling robust investor confidence and continued momentum in startup activity. Saudi VC funding This milestone aligns closely with the goals of Saudi Vision 2030, which has positioned venture capital and entrepreneurship as key pillars for diversifying the Kingdom's economy and reducing dependency on oil. Dr. Nabeel Koshak, CEO and Board Member at SVC, said: 'The Kingdom's leading position in the VC scene in the region comes as a result of many governmental initiatives launched to stimulate the VC and startups ecosystem within the Saudi Vision 2030 programs. 'We at SVC are committed to continuing to lead the development of the ecosystem by stimulating private investors to provide support for startups and SMEs to be capable of fast and high growth, leading to diversifying the national economy and achieving the goals of the Saudi Vision 2030.' SVC, a subsidiary of the SME Bank under the National Development Fund (NDF), plays a central role in enabling early-stage and growth-stage companies by investing in funds and directly in startups, from pre-Seed to pre-IPO. With Saudi Arabia now representing more than half of all VC funding in the region, the report confirms that the Kingdom's startup landscape is entering a new phase of maturity, fuelled by public-private partnerships, policy reform, and sustained investor appetite.
Syyaha
15-07-2025
- Business
- Syyaha
Saudi Arabia Maintains its First Rank Across MENA for Venture Capital Investment in H1 2025
The 'H1 2025 MENA Venture Investment Report' revealed that Saudi Arabia maintained its first rank across MENA in terms of Venture Capital (VC) funding in H1 2025, witnessing a total VC deployment of $860 Million (SAR 3.2 billion), surpassing the total VC funding of 2024 (full year). This achievement reflects the development the Kingdom is witnessing in various economic and financial sectors in light of the Saudi Vision 2030 and its goals to strengthen the national to the report published today by the venture data platform MAGNiTT, the Kingdom captured the highest share of total VC funding in the MENA region in H1 2025, accounting for 56% of the total capital deployed in the region. The report also revealed that Saudi Arabia achieved a record number of 114 VC deals for the first half of 2025. This confirms the attractiveness of the Saudi market, enhances its competitive environment, and consolidates the strength of the Kingdom's economy as the largest economy in MENADr. Nabeel Koshak, CEO and Board Member at SVC, commented: 'The Kingdom's leading position in the VC scene in the region comes as a result of many governmental initiatives launched to stimulate the VC and startups ecosystem within the Saudi Vision 2030 programs. We at SVC are committed to continuing to lead the development of the ecosystem by stimulating private investors to provide support for startups and SMEs to be capable of fast and high growth, leading to diversifying the national economy and achieving the goals of the Saudi Vision 2030.' SVC is an investment company established in 2018. It is a subsidiary of the SME Bank, part of the National Development Fund (NDF). SVC aims to stimulate and sustain financing for Startups and SMEs from pre-Seed to pre-IPO through investment in funds and direct investment in startups and SMEs.
Malaysia Sun
26-06-2025
- Business
- Malaysia Sun
Government-linked SME Bank rolls out 50 mln USD to boost high-impact sectors in Malaysia
Xinhua 26 Jun 2025, 14:45 GMT+10 KUALA LUMPUR, June 26 (Xinhua) -- Malaysian government-owned Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank) announced on Thursday a suite of strategic initiatives valued at 211 million ringgit (49.94 million U.S. dollars), reinforcing its commitment to advancing the government's MADANI economic framework and in alignment with the bank's mandate under the National Budget 2025. Focusing on high-impact sectors such as technology, tourism, halal, and environmental, social, and governance (ESG), these initiatives also promote inclusivity by empowering low-income group and Islamic entrepreneurs, reinforcing the bank's role in building a resilient and future-ready micro, small and medium enterprises (MSME) ecosystem, the bank said in a statement. "In line with our developmental mandate, we are pleased to inject more excitement in the MSME sector with the launch of new program, forming part of the strategic initiatives exceeding 1 billion ringgit entrusted to SME Bank under the National Budget 2025," said Mohammad Hardee Ibrahim, acting group president/chief executive officer of SME Bank. Riding on this positive momentum, he said the bank remains firmly on track to achieve its 3 billion ringgit approved financing target for this year with continued emphasis on key strategic sectors. (1 ringgit equals 0.24 U.S. dollar)
