Saudi Venture Capital (SVC) has announced its investment in Global Ventures III, an early-stage venture capital fund managed by Global Ventures. The fund size is in excess of $150 million.
The fund will target investing in tech and tech-enabled sectors across Saudi Arabia, MENA, and Sub-Sahara Africa, focusing primarily on Supply Chain Tech, Agritech, Enterprise SaaS, and emerging technologies, including AI and Deep-tech.
Dr. Nabeel Koshak, CEO and Board Member at SVC said: “Our investment in the venture capital fund by Global Ventures is part of SVC’s Investment in Funds Program, in alignment with our strategy to catalyze venture investments by fund managers investing in Saudi-based startups, especially during their early stages.”
Noor Sweid, Founder and Managing Partner at Global Ventures, added: “We are proud of our deep and continued partnership with SVC, and the investment underscores our continued deep commitment to enabling and building the Saudi Arabian VC and startup ecosystem. The market opportunity continues to be immense, with emerging technologies across platforms being built by exceptional founders continuing to shine through.”
SVC is an investment company established in 2018. It is a subsidiary of the SME Bank, part of the National Development Fund. SVC aims to stimulate and sustain financing for startups and SMEs from pre-Seed to pre-IPO through investment in funds and direct investment in startups and SMEs.

Riyadh, Saudi Arabia – [December 31st] – Sahm App, Saudi Arabia’s premier all-in-one online trading platform, proudly announces that it has acquired over one million users in just one year, marking a pivotal achievement in its rapid growth and transformation of the local investment landscape.
Hadeel Bedeeri, General Manager of Sahm Capital, stated, “Reaching this milestone in our first year is an extraordinary accomplishment. We’re truly proud of this journey, and it’s all thanks to the trust and support of our clients and partners who have been integral to our success.”
A Platform Built for Saudi Investors
“Sahm was created in response to a clear demand from local investors for a smarter, more personalized trading platform that could seamlessly connect them to the rapidly growing Saudi market, driven by the Saudi Vision 2030. This shift has given us the opportunity to deliver exactly what our users need,” Hadeel continued.
From day one, Sahm has focused on crafting a platform especially designed with domestic investors in mind. The app offers seamless access to both the Saudi and U.S. markets, providing real-time market data, in-depth company insights, 24/7 news, educational resources, and advanced analysis tools—all in one place.
This user-centric approach quickly led to Sahm’s widespread popularity, securing it the third spot among the “Top Free Finance” apps on Google Play in Saudi Arabia just a few months after its launch.
“Our users are at the heart of everything we do,” Hadeel added. “Their feedback drives our continuous innovation. Through regular workshops and customer service, we ensure their needs are always addressed, improving their trading experience with each update.”
Tech-Driven Evolution
“In just one year, we’ve rolled out over 20 major updates, introducing features like IPO subscriptions, index options, and Murabaha financing,” Hadeel said. “Our robust tech infrastructure enables us to rapidly roll out new features and refine existing ones, ensuring we keep pace with user demands.”
Sahm’s tech-driven approach influences every aspect of the user experience, from feature placement to personalized content. For example, if there’s increased interest in IPOs, the IPO feature is prioritized on the homepage for quicker access. This dynamic personalization is powered by advanced technology that helps Sahm understand user behavior and adapt the app to meet individual preferences.
Empowering Investors With Technology
“At Sahm, we believe that every investor should have the tools to make informed decisions and take control of their financial future,” Hadeel explained. “We’re committed to providing our users with real-time data, actionable market insights, and personalized insights that help them spot opportunities, manage their portfolios, and navigate the markets effectively.”
In addition, Sahm has partnered with Tadawul Group to sponsor the “Invest Wisely Program,” a financial literacy initiative aimed at educating and empowering future investors. As the exclusive sponsor, Sahm is dedicated to fostering financial literacy and helping Saudi investors build a strong foundation for long-term success.
“As we look ahead to our next million users, our focus remains on putting our users first,” Hadeel concluded. “We’re continuously innovating and developing new products and features to keep up with the evolving investment landscape. We are grateful for the trust our users place in us, and we will continue to serve them with the best possible tools and support.”
To celebrate this incredible milestone of acquiring one million users, Sahm Capital is launching the “1 Million Cash Giveaway” campaign, offering SAR 1 million in cash rewards, along with free shares, cashback coupons, and more to Sahm’s valued clients. Full details on eligibility and participation are available at https://s.sahmcapital.com/4cLH .

About Sahm Capital:
Sahm Capital, registered in Riyadh, holds full regulatory licenses from the Capital Market Authority (CMA) to provide Dealing, Advising, Custody, Arranging, and Managing Investments and Operating Funds Activities in the Securities Business services (license no. 22251-25). As the first fintech-driven financial company to achieve full CMA licensing, Sahm Capital has established itself as the fastest-growing member of the Saudi Exchange, leveraging proprietary technology and innovative financial solutions to deliver seamless, one-stop financial services. For more information, visit: www.sahmcapital.com

About Sahm App:
Developed by Sahm Capital, the Sahm App is a proprietary platform specifically designed for investors in Saudi Arabia. It enables users to trade seamlessly across both the Saudi and U.S. markets, all at their fingertips. With its user-friendly interface and a diverse range of investment options, the Sahm App has quickly become one of the top three apps in the Free Finance category on Google Play in the Kingdom.

Disclaimer：
Please note that trading in financial markets involves high risks and may lead to financial losses that could exceed the invested capital. The information provided above is not in any way a recommendation or advice to sell or purchase any financial instruments, bonds, or other investments. We strongly recommend consulting a specialized financial advisor before making any investment decisions to ensure that these investments are suitable for your expertise, financial circumstances, and investment goals.
Sahm Capital does not bear any responsibility for any losses or damages that may occur as a result of making investment decisions based on this offering or the information provided.

Balad Beast is set to make a grand return in its third edition in 2025, once again transforming the antique streets and vibrant markets of Al-Balad into a live canvas of music, art, and culture. On January 30th and 31st, 2025, visitors will converge in this UNESCO World Heritage-listed district for a two-day celebration that elevates the festival’s legacy as a cultural crossroad, spotlighting a diverse array of music genres, adventures, and immersive artistic experiences.
A Global Music Lineup
This year’s Balad Beast promises a diverse blend of globally acclaimed superstars and emerging talents in rap, soul, pop, electronic, and beyond. The 2025 headliners include:
Day one will feature some of the biggest names in the industry, Grammy-winning 21 Savage, Atlanta rap star Gunna, JID, and 2020 Mercury Album of the year winner Michael Kiwanuka. As well as regional artists such as Disco Misr from Egypt, and local talents DISH DASH, Gazi, Saoud and Varoo.
Day two will feature Hip-hop icon Wiz Khalifah, infamous producer Metro Boomin, Hats & Klaps, and all the way from Canada Ghostly Kisses with her ethereal pop, and the all-female Saudi rock band Seera.
Cultural Immersion and Creative Exchange
Beyond the music, Balad Beast presents a holistic cultural experience that invites attendees to engage with Al-Balad’s rich past while looking toward the future. Expanding on previous editions, the 2025 festival will feature:
Immersive Art Installations: Contemporary artists and designers will reimagine Al-Balad’s historic architecture with cutting-edge projections, large-scale sculptures, and interactive artworks.
Reflecting Balad Beast’s mission to foster cross-cultural understanding, the festival supports local businesses, artisans, and nonprofits. Through partnerships with community organizations, it aims to uplift local talent, promote sustainability, and ensure a positive long-term impact on Al-Balad’s cultural landscape.
Balad Beast is more than just a festival—it’s a convergence of voices, perspectives, and artistic expressions that transcend borders. With its 2025 edition, Balad Beast aspires to encourage meaningful dialogue, cultivate new creative bonds, and inspire future generations to cherish and reinvent cultural traditions.
“We are coming back to Balad with really exciting experiences. Fresh music with new and returning acts, and as always, otherworldly immersive experiences inspired by our past, present and future” said Ahmed Alammary (Baloo), MDLBEAST’s Chief Creative Officer.
Balad Beast is part of MDLBEAST’s lineup of unique venue events, aligning with the company’s promise of delivering unforgettable experiences in iconic locations. To ensure the safety of historic sites, MDLBEAST is committed to conducting sound tests and strategically placed stages to protect buildings from sound impact.