Afaq Capital, the Saudi fintech company, has announced the acquisition of a Venture Capital Portfolio.

More to Know:

• Afaq said that the deal was structured and managed by Cotyledon For Management Consultancy.
• According to the company, this marks the first transaction of its kind in Saudi Arabia where a fintech company acquires a venture capital portfolio.
• The deal is expected to facilitate capital recycling, stimulate the launch of new funds, and create fresh exit opportunities for investors in Saudi Arabia.
• Afaq Capital is licensed by the CMA and offers investment opportunities, including sukuk, investment funds, and others.