Riyadh – Mubasher: The Saudi Public Investment Fund (PIF) has launched new fund of funds company, under the name Jada.
The Saudi Arabia’s sovereign wealth fund launched the new SAR 4 billion ($1.07 billion) company on Wednesday.
The fund of funds was first announced in October 2017 to support small and medium-sized enterprises (SMEs).
PIF expects major economic outcomes from the new company, in terms of creating jobs and supporting the Saudi private sector.
