Bank AlJazira and Sukna Ventures Team Up to Boost Startup Growth in Saudi Arabia

Bank AlJazira has signed an MoU with Sukna Ventures to drive innovation and investment in Saudi Arabia’s digital and fintech sectors. The collaboration focuses on supporting startups and established companies, promoting entrepreneurship, and advancing digital transformation initiatives.

Mohammed A. Al Mousa, Senior Vice President and Head of Retail Banking at Bank AlJazira, emphasized the agreement's role in empowering entrepreneurs and fostering value creation across all stages of startup development.

Bank AlJazira, regulated by the Saudi Central Bank (SAMA), is a leading financial institution offering Sharia-compliant products and services with a capital of SAR 8.2 billion. Sukna Ventures, a venture capital fund specializing in early-stage investments, aims to enhance the ecosystem for digital innovation in the Kingdom.

Source: EntArabi