UAE: Saudi Venture Capital became the latest major investor in Abu Dhabi-based Aliph Capital – which had earlier secured infusions from Abu Dhabi Developmental Holding Company and Saudi Arabia’s PIF-backed Jada Fund of Funds. Having acquired UAE-based The Pet Shop in November 2022, Aliph Capital expanded its focus on mid-market companies across Saudi Arabia and the GCC region by acquiring a 25% stake in Dubai-based Sanipex Group – which specializes in bathroom, kitchen and outdoor furnishings.
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