Saudi Venture Capital (SVC) has invested in Jadwa GCC Private Equity Fund 1, managed by Jadwa Investment.

The fund aims to raise 1.5 billion Saudi riyals (US$400 million), with a cap of 2.0 billion Saudi riyals (US$532.8 million), focusing on private equity opportunities across Saudi Arabia and the Gulf Cooperation Council (GCC) region.

SVC said this investment aligns with Vision 2030 and supports Saudi Arabia’s private equity market growth.

SVC, established in 2018 under the SME Bank, works on financing for startups and SMEs.