Olive Rock Partners secures backing from Jada Fund of Funds
Olive Rock Partners, an independent GCC-focused private equity firm, founded and led by Muhannad Qubbaj and Abdullah Shahin, has secured backing from Saudi Arabia for their maiden private equity fund, Olive Rock Partners Fund I. Jada, a fund of funds, established by PIF, Saudi Arabia’s Wealth Fund to seed venture and private equity firms investing in the […]
SAFCSP and Informa launch ‘Tahaluf’ joint venture to support Saudi Vision 2030
RIYADH, Saudi Arabia /PRNewswire/ — SAFCSP and Informa, the world’s largest tradeshow organiser, today announced the formation of a new joint venture, ‘Tahaluf’, to support the Kingdom’s Vision 2030 objective of diversifying its economy and creating high value employment opportunities for Saudi citizens. By launching the Tahaluf joint venture with Informa, SAFCSP extends its […]
Ministry of Commerce and Capital Market Authority publish the draft implementing regulations of the new companies law for public consultation
The Ministry of Commerce (“MC”) and the Capital Market Authority (“CMA”) announced publishing the Draft Implementing Regulations of the New Companies Law for public consultation for a period of fifteen (15) calendar days. The Draft comes pursuant to the issuance of the New Companies Law and based on the authority the Law grants to the […]
HRH Prince Mohammed bin Salman announces Sindalah, NEOM’s first island development
His Royal Highness Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the NEOM Company Board of Directors, has announced the development of Sindalah, the first luxury island destination in NEOM and one of the most important projects supporting Saudi Arabia’s national tourism strategy. A main gateway to the Red Sea offering bespoke nautical […]