Saudi Telecom to invest in digital tech with new fund
May 30, 2017
Riyadh, Saudi Arabia | Venture Capital
Saudi Telecom (TADAWUL: 7010) has closed a $500 million venture capital fund and plans to make its first investment by the end of this year. The fund will make investments in AI, VR, banking services, logistics and digital health services. This is the first VC fund for the telecom giant.