Saudi investors share expertise on Saudi corporate VC opportunities

Saudi investors share expertise on Saudi corporate VC opportunities

Saudi investors share expertise on Saudi corporate VC opportunities

Saudi investors share expertise on Saudi corporate VC opportunities

The Step Saudi 2020 event featured two prominent Saudi figures “” Hashim Al-Awadi, CEO of Tech Invest (bottom left) and Salman Jaffery, chief investment officer at Saudi Aramco Entrepreneurship Ventures (top left). (Supplied)

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Saudi investors share expertise on Saudi corporate VC opportunities

Updated 27 November 2020

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JEDDAH: The two-day Step Saudi 2020 event featured two prominent Saudi figures in the field of investment on the second day.

Hashim Al-Awadi, CEO of Tech Invest, and Salman Jaffery, chief investment officer at Saudi Aramco Entrepreneurship Ventures, both shared their expertise, with the latter saying it is more beneficial for corporations to start a venture capital (VC) arm than invest from their current mergers and acquisitions arm (M&A).

Managing partner at Class 5 Global, Zach Finkelstein, who moderated the session on the second day of the event, said the San Francisco-based venture fund invested in a number of companies in the Middle East.

"The Middle East is particularly interesting to us, and in the past, our partners have invested in such regional companies as Careem. We're excited to explore the development of the corporate VC space and how it can impact