 |
 |
Saudi Venture Capital Investments Company ( SVCIC )
Offering Size: USD 100 Million
Country: Kingdom of Saudi Arabia
Nature of Investment: Business Development-Investment
Year: 2007
Launched in 2007 and currently under formation, this USD 100 million investment company aims to capitalise on the significant potential of investment banking activities in the Kingdom of Saudi Arabia focusing primarily on the underserved small and medium enterprises sector.
A licence application was submitted to the Capital Markets Authority (CMA) in August 2008, and VCBank is working closely with the CMA to satisfy any additional information requirements that they have in order to expedite their review process.
VCBank has received a favourable response from the CMA, who has indicated that the licensing approval process should be completed within six months of the application date.
Back
Offering Size: USD 100 Million
Country: Kingdom of Saudi Arabia
Nature of Investment: Business Development-Investment
Year: 2007
Launched in 2007 and currently under formation, this USD 100 million investment company aims to capitalise on the significant potential of investment banking activities in the Kingdom of Saudi Arabia focusing primarily on the underserved small and medium enterprises sector.
A licence application was submitted to the Capital Markets Authority (CMA) in August 2008, and VCBank is working closely with the CMA to satisfy any additional information requirements that they have in order to expedite their review process.
VCBank has received a favourable response from the CMA, who has indicated that the licensing approval process should be completed within six months of the application date.
Back
