Riyadh Valley Company, King Saud University’s investment arm, announces its investment in the RRE Ventures VIII fund of the American company RRE Advisors L.L.C, one of the companies specializing in investments in the initial and development stages.
RRE Advisors was founded in 1994 in New York City, United States. The investment fund focuses on companies that are operating in developing and modern fields of technology which are predicted to revolutionize a number of industries, including such financial technology (Fintech), health technology (Digital Health), and (Enterprise Solutions).
In this regard, Dr. Khaled Al-Saleh, CEO of Riyadh Valley Company, stated: “Investing in the financial technology, internet, communications, and technology sectors is one of the most key targets of Riyadh Valley Company, especially since RRE Advisors focuses its work on New York, which won the largest share of growth in market share from the entire US market by 31% compared to the San Francisco area, which grew by 22%.
The Riyadh Valley Company’s involvement in the fund is consistent with its aim to invest both domestically and globally. To construct a balanced investment portfolio that supports the goals of King Saud University and contributes to the growth of the Saudi Arabian knowledge economy.