Saudi Wealth Fund Unit Backs Emkan Capital’s Technology Fund

A Public Investment Fund booth at the Future Investment Initiative conference in Riyadh. — A Public Investment Fund booth at the Future Investment Initiative conference in Riyadh.
Photographer: Tasneem Alsultan/Bloomberg

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By Farah Elbahrawy

February 28, 2023 at 8:19 AM UTC

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A unit of Saudi Arabia’s sovereign wealth fund is among investors in Emkan Capital’s $31 million tech fund that will back early-stage start-ups across the Middle East.