 |
 |
Venture Capital Fund Bahrain
Offering Size: USD 15 million
Country: Kingdom of Bahrain
Nature of Investment: Venture Capital
Year: 2008
A new growth engine for small and medium enterprises (SMEs) – the USD 15 million Venture Capital Fund Bahrain was launched during 2008. This initiative is a partnership between VCBank, the Bahrain Development Bank, Tamkeen (formerly the Labour Fund of the Kingdom of Bahrain) and strategic investors in an investment fund structured and managed by VCBank. The Fund will respond to the needs of SMEs in the Kingdom of Bahrain, who will be able to benefit from Shari’ah compliant venture capital injection of between USD 250,000 and USD 3 million.
The first in a series of funds to target Bahrain and other promising MENA countries, the Venture Capital Fund Bahrain will scout for unique and innovative venture capital opportunities that are backed by committed entrepreneurs and dedicated management teams. It will provide the ‘smart capital’ needed to ensure the SMEs sustainability in a competitive environment, improve their business profitability, and drive their growth and expansion.
Back
Offering Size: USD 15 million
Country: Kingdom of Bahrain
Nature of Investment: Venture Capital
Year: 2008
A new growth engine for small and medium enterprises (SMEs) – the USD 15 million Venture Capital Fund Bahrain was launched during 2008. This initiative is a partnership between VCBank, the Bahrain Development Bank, Tamkeen (formerly the Labour Fund of the Kingdom of Bahrain) and strategic investors in an investment fund structured and managed by VCBank. The Fund will respond to the needs of SMEs in the Kingdom of Bahrain, who will be able to benefit from Shari’ah compliant venture capital injection of between USD 250,000 and USD 3 million.
The first in a series of funds to target Bahrain and other promising MENA countries, the Venture Capital Fund Bahrain will scout for unique and innovative venture capital opportunities that are backed by committed entrepreneurs and dedicated management teams. It will provide the ‘smart capital’ needed to ensure the SMEs sustainability in a competitive environment, improve their business profitability, and drive their growth and expansion.
Back
