The signing of a memorandum of understanding between the Saudi Investment Company and the US investor Tim Draper

Media In / Riyadh December 11,
The Saudi Investment Company has signed a memorandum of understanding with American investor Tim Dreberz to establish an investment fund to invest in the bold capital of small and medium enterprises in the technical fields of health, education, agriculture, finance, energy and so on.
The CEO of the Saudi Investment Company, Mohammed Al-Malki, explained that Tim Draper is a businessman and investor in bold capital, blockbuster and financial technology in Silicon Valley, USA. He has helped establish a number of companies and investment funds such as DFJ Capital, Specializing in entrepreneurship education and the establishment of the Draper Ventures Network.
The facilities will transfer the best international experience to the SME sector and entrepreneurs in order to increase their productivity and increase their contribution to GDP by 35% by 2030.