Venture Capital Association launches a training program package in coordination with SVC and JADA
The Saudi Bold Investment Capital Association has announced the launch of its largest package of training programs for the venture capital and private equity sector in collaboration with the Saudi Venture Capital Company “SVC” and the Fund of Funds “Jada,” in partnership with prestigious international universities such as Harvard and Stanford, and global investment companies.
This announcement comes in preparation to meet the requirements of the next stage of the sector, especially after Saudi Arabia led the region in terms of venture capital value in 2023, with investments exceeding 5.2 billion Saudi riyals (1.4 billion US dollars).
The association intends to offer a range of quality training programs for 2024 in various fields, including venture capital, private equity, mergers and acquisitions, along with other important areas in the sector, contributing to growth, increasing professionalism, attracting talent to the sector, by providing trainees with comprehensive knowledge of funds and valuable experience in the field.
Dr. Nabil Abdulqader Kushak, CEO of the Saudi Venture Capital Company and Chairman of the Board of Directors of the Saudi Bold Investment Capital Association, emphasized in the 2023 Venture Investment Report the importance of offering the best investment programs and products based on studying and analyzing the needs of investment systems and according to regional and global business models.
Bandar bin Mohammed Al-Hammali, CEO of the Fund of Funds “Jada” and a member of the Board of Directors of the Saudi Bold Investment Capital Association, said: “Since our inception, Jada has been keen on supporting emerging fund managers and providing training programs for them, and we emphasize our interest in cooperation with our partners in strengthening the venture capital and private equity sector and qualifying Saudi talent.
After the achievement made by Saudi Arabia in ranking first in the region, the responsibility and motivation for growth and talent development increase, in order to continue achieving national successes.”
In this context, Qusay bin Abdullah Al-Saif, CEO of the Saudi Bold Investment Capital Association, said: “We are committed to enhancing this growth, and as the CEO of the Saudi Bold Investment Capital Association, I see a clear path for the venture capital system in Saudi Arabia to reach its full potential, and I am confident that this is just the beginning of a transformative era for the sector in Saudi Arabia, and we are ready to lead the way.”
