SBI Holding and BIM Ventures collaborate to launch $200 M “BIM Capital” fund

In the presence of H.E. Eng. Khalid Al-Falih, Minister of Investment, and with the Ministry of Investment’s approval, BIM Ventures and SBI Holding announced the creation of BIM Capital, a joint venture intended to support growth prospects in Saudi Arabia and the wider Middle East, during the FII 8 conference in Riyadh. By concentrating on a wide variety of investments, such as debt funds, venture capital, private equity, and real estate development funds, BIM Capital hopes to establish itself as a major force in the financial and investment scene of the area.

Attracting more than $200 million (SAR750 million) in foreign direct investment (FDI) and surpassing $2 billion (SAR7.5 billion) in total assets under management (AUM) are the goals of BIM Capital. With a focus on technology ventures, emerging industries, and real estate development, the firm will use its experience to pinpoint high-growth sectors and provide investors with access to ground-breaking, game-changing opportunities.

BIM Capital will aggressively pursue expansion prospects in real estate development funds, private credit markets, and venture debt in addition to venture capital. These tactics will offer adaptable financing options to assist growing businesses and real estate developments in the area. BIM Capital aims to support businesses with scalable business models, control risk, and provide investors with long-term returns by providing alternative financing options.

The Capital Market Authority must grant the company licenses and approvals.