Press Release

دعوة لحضور إجتماع الجمعية العامة العادية السنة المنتهية 31 ديسمبر 2015



The Capital Market Authority approves the capital decrease request of Saudi Venture Capital Investment Company


Amendment to Business Profile of Saudi Venture Capital Investment Company


The Constituent General Assembly of Saudi Venture Capital Investment Company (SVCIC)

Riyadh - Saudi Arabia: The constituent general assembly of Saudi Venture Capital Investment Company (SVCIC) was held on Wednesday, 1 December 2010 at Paris Ballroom at the Four Seasons Hotel - Riyadh, to announce the incorporation of Saudi Venture Capital Investment Company with a paid up capital of SR 375 million.

SVCIC is a closed joint stock investment company (under formation), investing in promising investment opportunities that have the potential in the small and medium enterprises in the Kingdom of Saudi Arabia, which will support these companies and enforce their position to achieve their desired growth and contribute to the economic growth of the Kingdom.

The assembly was chaired by Dr. Ghassan Ahmed Al Sulaiman, Chairman of the Founding Committee of SVCIC and was attended by the founding committee members Mr. Abdulfatah Mohammad RafieMarafie, Mr. Abdullatif Mohammed Janahi and other company shareholders. The general assembly confirmed the subscription to the full paid up capital and approved the final version of the Memorandum of Association of the Company. The assembly also elected the first Board of Directors of the Company and approved the appointment of the first auditors of the company. They also discussed the founders report on pre-operating expenses and establishment costs of the company and took the appropriate decisions in this regard.


The Capital Market Authority (CMA) licenses Saudi Venture Capital Investment Company: