Emirates NBD launches new branch in KAFD

The official opening bolsters Emirates NBD’s network, increasing its total number of branches in the Kingdom to 19. (Supplied)
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Updated 05 August 2024
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Emirates NBD launches new branch in KAFD

Emirates NBD, the leading banking group in the Middle East, North Africa, and Turkiye region, has opened a new branch in the King Abdullah Financial District. 

In line with Emirates NBD’s strategic expansion plan, the new branch consolidates the bank’s presence in the Kingdom, extending its diverse range of services to more consumers, communities, and entities across the country. 

KAFD stands as the largest LEED-certified mixed-use business district in the world. As a key driver of Riyadh’s economic ambitions, the district fosters a smart, sustainable environment conducive to innovation, collaboration, and business growth. The new Emirates NBD branch in KAFD is set to contribute to the achievement of the Kingdom’s Vision 2030 goals and drive the transformation of the country’s financial services industry.

The official opening bolsters Emirates NBD’s network, increasing its total number of branches in the Kingdom to 19. 

Aazar Ali Khwaja, group head, International & Group Strategy, Emirates NBD, said: “As the leading banking group in the Middle East, North Africa, and Turkiye region, we are committed to transforming the Saudi financial services sector, leveraging our expansive network, partnerships and innovative offerings to empower consumers in the Kingdom.”


SVC invests $1.2bn and contributes to Kingdom’s pole position in VC funding

Updated 12 March 2026
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SVC invests $1.2bn and contributes to Kingdom’s pole position in VC funding

Saudi Venture Capital Company (SVC) released its annual “Impact Report,” which highlighted SVC’s role in the record growth rates achieved by the Saudi private capital ecosystem in 2025. 

The report emphasized SVC’s impact on the Kingdom's private capital ecosystem (Venture Capital, Private Equity, Venture Debt, and Private Debt) since the company’s establishment in 2018.

The report showed that SVC's total committed investments since its inception have reached $1.2 billion, while its investments have stimulated partner commitments totaling $5.9 billion, or 4.9 times SVC’s commitment. This highlights SVC’s role as a key catalyst and market maker in the private capital ecosystem.

The report indicated that the number of funds backed by SVC increased to 65, while the number of startups and SMEs supported exceeded 1,000 across several vital sectors, including e-commerce, fintech, healthcare, education technologies, transport, and logistics.

Commenting on the report, Nora Alsarhan, Deputy CEO and Chief Investment Officer at SVC, said: “The report highlights the transformative progress happening across Saudi Arabia’s private capital ecosystem as a direct result of the initiatives and goals of the Saudi Vision 2030.” 

She added: “We remain committed to developing investment programs, products, and developmental initiatives based on market needs analysis and aligned with leading global models, which enhance the competitiveness of the Saudi private capital ecosystem, support diversification of the national economy, and help achieve the goals of the Saudi Vision 2030.”

The report showed that SVC’s strategy contributed to the Kingdom’s maintaining its first rank in the MENA region for the third straight year in VC funding in 2025, reaching a historic total of $1.7 billion. This reflects the growth seen across various economic and financial sectors under Saudi Vision 2030, which aims to strengthen the national economy.

The report indicated that the number of venture capital investors has increased sixfold since SVC was founded in 2018, when the number did not exceed 34, reaching 200 in 2025. This reflects the depth of the market and the expansion of the institutional investor base in Saudi Arabia.

The report also highlighted the launch of the inaugural Private Capital Forum, a regional platform to advance dialogue on private capital. The forum brought together 1,070 participants and 59 speakers across 20 sessions, reaching 7.2 million people digitally and generating over 10.5 million media impressions.