venture capital
The company's net profit increases by 20 percent to $115.6 million
Saudi Arabia set a new record with 178 VC deals last year, solidifying its position as the region's largest economy
This funding round was spearheaded by tali ventures, with additional contributions from the Dutch Founders Fund and Crescent Ventures
In 2023, overall global venture capital funding declined to $248.4 billion, the lowest since 2017
Kingdom accounts for 54 percent of the region's VC investments, a significant increase from its 38 percent share in 2023
Sectors such as finance, property development and tourism continue to drive the UAE's non-oil economy
Two new MoUs signed by four UAE and South Korean institutions
The funds seek to promote local content development and drive industry impact in line with Vision 2030
Fund aims to foster a thriving VC community, generate market-level commercial returns
Fueling the startup ecosystem
Securing 52 percent of all regional startup funding during 2023
