Dhahran, January 17, 2024, SPA -- Aramco has allocated an additional $4 billion to its global venture capital arm Aramco Ventures, more than doubling the capital allotted to it, from $3 billion to $7 billion, according to a press release from Aramco.
This, said the release, will take Aramco’s overall venture capital allocation to $7.5bn, which also includes the $500 million venture capital fund Wa’ed Ventures, which focuses on the start-up ecosystem in the Kingdom of Saudi Arabia.
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