Riyadh-Amalak
Riyadh Capital and Saudi Technology Development and Investment Company (Taqnia) have signed an agreement appointing the latter as the technical and technical advisor to the Riyadh-Technology Fund managed by Riyadh Capital.
The fund invests in private equity in emerging technology companies in multiple sectors including ICT, energy, advanced materials and life sciences. The fund's objectives are to develop promising and feasible innovations and associated industries inside and outside the Kingdom, as well as adopt local innovations and connect them with capital owners and global innovation and development centers, thus achieving targeted investment returns and supporting the Kingdom's drive to rely on a knowledge-based economy and diversify sources of income through knowledge transfer and technology localization.

The signing ceremony was attended by His Royal Highness Prince Dr. Turki bin Riyadh Finance. The signing ceremony was attended by His Royal Highness Prince Dr. Turki bin Saud bin Mohammed Al Saud, Vice President of King Abdulaziz City for Science and Technology for Research Institutes and Chairman of the Board of Directors of Taqnia, Abdullah Al Ayadi, Vice Chairman of Taqnia, Engineer Fahad Al Hussein, CEO of Taqnia, and Ali Al Quwaiz, CEO of Riyad Capital and Adel Al Ateeq, Director of Asset Management.

From Riyad Capital's side, the signing ceremony took place.