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PIF’s Jada to Boost Saudi Arabia’s Startup Scene

CAIRO: Saudi Arabia’s startup landscape has received a significant push after a subsidiary of the Kingdom’s Public Investment Fund committed to investing in several venture capital vehicles. PIF’s Jada Fund of Funds Co. plans to invest an undisclosed amount in Bahrain-based Investcorp’s $500 million Saudi pre-initial public offering growth fund. The investment vehicle is exclusively focused on supporting a diverse range of companies based in Saudi Arabia during their pre-IPO stage.
sport

Saudi Dr. Mubarak Al-Mutawa Joins ECOSEP Board as First National

RIYADH: Dr. Mubarak Al-Mutawa, Move Center for Sports Medicine’s executive director, has become the first Saudi to join the board of directors at the European College of Sports and Exercise Physicians. Al-Mutawa, in a media statement issued on Wednesday, said: “I am honored to have become a member of the board of directors of ECOSEP, which is a leading association at the European and international levels. “I am proud to represent my country, and to contribute in the advancement of the sports medicine sector.”
sport

Usyk’s Signing May Lead to Fury Fight in Kingdom, Says Skill Challenge Entertainment’s Boxing Director

Amer Abdallah, director of boxing of Prince Khalid bin Abdulaziz’s Skill Challenge Entertainment, talks to Arab News about the landmark signing of Oleksandr Usyk — and other additions — to the organization, potential world title fights in Saudi Arabia and the Kingdom’s successful ventures into a diverse range of sports globally. Oleksandr Usyk has signed to Skill Challenge Entertainment’s growing stable of local and international fighters. What made this good fit for you?
Business

Riyadh Air, owned by PIF, reveals livery before Paris Air Show debut

RIYADH: The latest player in the global aviation industry, Riyadh Air, made an appearance with its remarkable livery at the King Khaled International Airport in the Saudi capital on Monday. A Boeing 787-9 Dreamliner painted aircraft flew at low altitude over several notable landmarks in the Riyadh skyline, including King Abdullah Financial District, Boulevard City, and some of the iconic main towers, thrilling residents with a glimpse of the Public Investment Fund-owned airline ahead of its public debut at the 54th Paris Air Show on June 19.
sport

International Women’s Polo Championship: Advocating for Global Standards

RIYADH: Details of the international women’s polo championship in November have been released. The Saudi Polo Federation held a press conference in Riyadh to reveal details of the championship, organized by the federation, in partnership with Al-Hawfer Sports Company, on the fields of AlIttihad Academy in Nova Equestrian Club Resort, Riyadh.
Business

Saudi Arabia and UK Collaborate at London Forum to Celebrate Achievements and Discuss Future Vision

LONDON: Economic and trade relations between the UK and Saudi Arabia were further cemented in London this week as delegations from the two countries convened to mark the progress of the Kingdom’s Vision 2030 initiative and explore fresh avenues for collaboration. The UK Saudi Business, Trade and Partnership Forum, hosted at Mansion House in the heart of the City of London by the Saudi British Joint Business Council and the Saudi National Competitiveness Center, drew government officials, business leaders, and experts from both nations.
Business

Thai Companies Eye $36 Million Investment in Saudi Arabia to Strengthen Business Ties

RIYADH: Thai companies are ready to invest a combined $36 million in Saudi Arabia, a senior figure from the Asian country’s business community has revealed as relations between the two nations continue to develop. Sanan Angubolkul, chairman of the Thai Chamber of Commerce, revealed the figure during a meeting of the Saudi-Thai Business Forum in Riyadh, according to the Saudi Press Agency.
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