Riyad Capital is the investment arm of Riyad Bank. It runs two venture capital funds: the Riyad Taqnia Fund since 2016, and the 1957 Ventures fintech fund, launched in 2024 with commitments exceeding SAR 800 million.
About Riyad Capital
In May 2024, Riyad Capital launched the closed 1957 Ventures fund, backed by Riyad Bank. It is regulated by the Capital Market Authority and invests in venture building and startups in fintech and financial services in Saudi Arabia. In August 2024, the company 1957 Ventures was established for venture building, chaired by Emad Kashgari. The fund is Riyad Capital's second venture capital fund, after the Riyad Taqnia Fund (RTF).
The Riyad Taqnia Fund (RTF) has its own profile. The investment stages of 1957 Ventures are not announced. The dollar value is an approximate conversion of SAR 800 million.
What it invests in
- Sectors
- Fintech
- Fund size (1957 Ventures (commitments exceeding SAR 800 million))
- $213M (2024-09) Source
From its portfolio
Team
- Emad KashgariCEO, 1957 Ventures Company