Safanad, a global holding company, has announced the expansion of its leadership team with three new Senior Partners as it launches Safanad KSA [fd7bad5f]. The company plans to deploy over $3 billion into Saudi Arabia over the next five years [fd7bad5f]. The first investment, Safanad Education KSA, is already active in the region with approximately 10,000 students [fd7bad5f]. The three new Senior Partners bring over 80 years of experience to Safanad [fd7bad5f]. Safanad KSA will focus on investments in Saudi Arabia and selectively across the wider GCC region, with a focus on education, healthcare, financial services, industrials, and digital infrastructure [fd7bad5f]. Safanad will also open offices in London and Riyadh to strengthen its investment and operational capabilities in the UK, Europe, and the Middle East [fd7bad5f]. The London office will be led by Global Managing Partner Saleh Romeih, while the Riyadh office will be led by Founder and CEO Kamal Bahamdan [fd7bad5f]. Safanad invests in impact, with platforms in Education, Healthcare, Digital Infrastructure, and Real Estate [fd7bad5f].
Avana Companies, an award-winning fintech startup, has announced a SAR 22 million foreign direct investment (FDI) in Saudi hospitality and SMEs [d92ad172]. The investment will be made through Avana's platform, wwwezdaher.sa [d92ad172]. The investment aims to support the growth of the hospitality and SME sectors in Saudi Arabia [d92ad172]. The investment will be used to provide financial support to Saudi hospitality and SMEs, helping them to expand and thrive [d92ad172]. The investment is expected to have a positive impact on the Saudi economy and create job opportunities [d92ad172]. The announcement comes as part of Avana's commitment to supporting the development of the Saudi economy through innovative fintech solutions [d92ad172].