Riyadh – Mubasher: Makkah Techno Valley Company (MTVC) will launch an initial public offer (IPO) in early 2017, reported Al Youm newspaper citing the company’s vice president Nabil Kosheik.
The top official told the newspaper that the IPO comes after MTVC successfully established 15 subsidiaries the depend on knowledge economy and innovation.
MTVC, the investment arm of the Umm Al-Qura University, has a capital of SAR 100 million, the official noted.
MTVC develops knowledge-driven economy through cooperating with the educational and research sectors as well as with the business community by investing in various joint projects to increase the skills and talents of university students and professors.
