TDF and IMPACT46 Invest in Al Matar Group for Travel and Tourism

By Staff Writer, 16 March 2023
Tourism Development Fund (TDF) and IMPACT46 Invest in Al Matar Group for Travel and Tourism

Press Release - At the recent Saudi Tourism Forum, the Tourism Development Fund (TDF) and IMPACT46, a leading venture capital firm in the Kingdom, announced their joint investment in Al Matar Group for Travel and Tourism. The event, held at the Riyadh International Convention and Exhibition Center from March 14th to 16th, gathered over 350 specialized entities in the Saudi tourism industry.

The investment agreement was signed by Abdulaziz Al-Omran, Founder and CEO of IMPACT46, and Youssef bin Abdullah Al-Rajhi, Chairman of Al-Matar Travel and Tourism Group Board of Directors, in the presence of Qusay bin Abdullah Al-Fakhri, CEO of the Tourism Development Fund.

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