هذه المقالة متاحة أيضًا بـ العربية (Arabic)
- STV NICE I Fund Closes at $100 Million to Support the Growth of Tech Companies Without Equity Dilution.
- The partnership is backed by SAB Invest and the National Technology Development Program (NTDP) to enhance Sharia-compliant financing solutions.
- The fund has already invested in tech companies such as Morni, RedBox, and Invigo.
Riyadh, April 2025 – STV, the leading technology investment firm in the MENA region, has announced the final close of its first non-dilutive capital fund, STV NICE I, with a total value of $100 million. The fund aims to fill a major financing gap for technology startups in Saudi Arabia by offering Sharia-compliant, non-dilutive capital that enables companies to grow without giving up equity.
The close of this fund follows a successful commitment from SAB Invest, through its Alternative Financing Fund – a CMA-licensed private fund – in addition to contributions from several regional family offices. The fund is supported by the National Technology Development Program (NTDP), which contributed 50% of the fund’s capital.
Designed as a founder-friendly alternative to traditional venture capital, STV NICE I utilizes a unique structure called Non-Dilutive Investment in Callable Equity (NICE), allowing companies to access growth capital without diluting ownership, while offering investors stable returns within a Sharia-compliant framework.
The fund has already invested in prominent Saudi tech startups including Morni, RedBox, and Invygo.
This initiative is aligned with the Financial Sector Development Program and supports the Capital Market Authority’s new strategy to foster innovation through public-private financing partnerships. SAB Invest’s participation will enable a broader base of investors to engage in sustainable and scalable tech funding that generates Sharia-compliant income.
During the official launch ceremony held on April 30, 2025, several notable figures were present, including Ms. Lubna Alolayan, Chairperson of SAB, Abdulrahman Tarabzouni, Founder of STV, Ibrahim Neyaz, CEO of NTDP, and Ali Almansour, CEO of SAB Invest, alongside key stakeholders from the banking and investment sectors.
Ihsan Jawad, General Partner at STV, stated:
“This milestone marks a pivotal moment in the evolution of tech investment in the Kingdom. We are very pleased to have developed a funding instrument tailored to the needs of regional startups.”
Ibrahim Neyaz, CEO of NTDP, commented:
“Our strategic backing of non-dilutive initiatives will create a sustainable, scalable funding platform to meet the growing demands of tech startups in the Kingdom. This will accelerate their growth, support innovation, and contribute to economic diversification.”
Osama Alowedi, Chief Investment Officer at SAB Invest, added:
“Our partnership with STV, supported by NTDP, represents a new chapter of opportunity for both investors and startups. Through our Alternative Financing Fund, we’re enabling clients to access Sharia-compliant income while fueling the growth of Saudi tech companies at the core of the Kingdom’s economic transformation.”
