Economy Country October 27, 2024

Saudi Aramco Invests 100 Million in Ventures

The Raed Ventures fund, the investment arm of Saudi Aramco, has allocated 100 million dollars for strategic investments to enhance growth and innovation in the region.


Saudi Aramco Invests 100 Million in Ventures

The specialized investment fund "Wadh Fintechs", the investment arm of Saudi Aramco, will allocate 100 million dollars for investments. This fund is focused on finding and investing in innovative technologies and startups in various sectors, such as oil and gas exploration and production, as well as other related industries. "Our goal is to become a driving force in promoting the development of modern technologies and innovations that contribute to our future," noted the representative of "Wadh Fintechs". Investments will be focused on companies that advance science and technology, helping them expand their influence and introduce new ideas to the market.