Impact investment in KSA witnesses development in transactio...| MENAFN.COM

Tuesday, 25 January 2022 07:41 GMT

Impact investment in KSA witnesses development in transactions, funds employed


(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.

MENAFN28112021000045013568ID1103262719


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.