(MENAFN) Based on a report produced by MAGNiTT and backed by Wa'ed, Saudi Aramco's entrepreneurship support, venture capital impact investment in KSA registered a new record high during this year in both overall number of dealings as well as funds employed.
Impact investments are those intended at making an assessable social and environmental benefit together with a financial come back.
Impact funding in the country until to the period of July to September of this year was 130 percent higher than in 2020 regarding funding, and 21 percent higher in dealings.
Moreover, based on the report, about USD444 million were invested via 403 arrangements with impact-pushed startups all over the Middle East and North Africa between 2016 and the mentioned period of this year.
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