{"id":33069,"date":"2024-09-18T17:08:43","date_gmt":"2024-09-18T14:08:43","guid":{"rendered":"https:\/\/entarabi.com\/?p=33069"},"modified":"2024-09-19T15:05:45","modified_gmt":"2024-09-19T12:05:45","slug":"sharaka-financial-launches-its-first-investment-fund","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/09\/sharaka-financial-launches-its-first-investment-fund\/","title":{"rendered":"Sharaka Financial Launches Its First Investment Fund"},"content":{"rendered":"<p dir=\"ltr\">Sharaka Financial, headquartered in Riyadh, has announced the launch of its first investment fund, <strong>Sharaka Ventures Fund<\/strong>, targeting high-growth <strong>tech startups<\/strong> in the Middle East and North Africa (MENA) region. The fund focuses specifically on investing in <strong>early-stage tech companies<\/strong>, particularly in <strong>fintech<\/strong> and <strong>business software sectors<\/strong>, which are still in their early stages and seeking investments in the <strong>early rounds<\/strong>.<\/p>\n<p dir=\"ltr\">In its recent statement, Sharaka Financial expressed optimism about the future of <strong>entrepreneurship<\/strong> and <strong>venture capital<\/strong> in Saudi Arabia and the region. The company highlighted a significant increase in demand for <strong>tech startup funding<\/strong>, with demand rising twelvefold over the past five years, from SAR 435 million in 2019 to SAR 5.2 billion in 2023.<\/p>\n<p dir=\"ltr\">Sharaka Financial also emphasized its confidence in the <strong>Saudi market<\/strong>, which boasts the largest <strong>GDP<\/strong> in the Middle East and North Africa, and has seen remarkable growth in <strong>venture capital investments<\/strong>, at nearly double the growth rate of other countries in the region.<\/p>\n<p dir=\"ltr\"><strong>Faris Al-Rashed<\/strong>, founder and CEO of Sharaka Financial, stated that the company&#8217;s strategy is centered on developing <strong>specialized investment products<\/strong> for both tech and non-tech startups. Al-Rashed added: &#8220;Our goal is to meet the growing demand for <strong>tech investments<\/strong> and <strong>private equity<\/strong>, leveraging our team&#8217;s expertise in <strong>governance<\/strong> and <strong>relationship building<\/strong>, which are just as important as selecting and managing investments in startups.&#8221;<\/p>\n<p dir=\"ltr\">Sharaka Financial was established at the end of 2023 in Saudi Arabia and is licensed by the <strong>Saudi Capital Market Authority<\/strong> to manage investments. Its strategy focuses on <strong>venture capital<\/strong> and <strong>private equity funds<\/strong> in Saudi Arabia and the MENA region.<\/p>\n<p>Read Also: <a href=\"https:\/\/entarabi.com\/en\/2024\/09\/settle-secures-2-million-in-seed-funding\/\">SETTLE Secures $2 Million in Seed Funding<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sharaka Financial, headquartered in Riyadh, has announced the launch of its first investment fund, Sharaka Ventures Fund, targeting high-growth tech startups in the Middle East and North Africa (MENA) region. The fund focuses specifically on investing in early-stage tech companies, particularly in fintech and business software sectors, which are still in their early stages and [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":33095,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1772],"tags":[5819],"class_list":["post-33069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","tag-sharaka"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/33069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=33069"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/33069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/33095"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=33069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=33069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=33069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}