Saudi Venture Capital Investment Company (SVCIC)

Esterad Bank established SVCIC in 2007 to capitalise on the significant potential of investment banking activities in the Kingdom of Saudi Arabia. Licensed by the Saudi Capital Market Authority, SVCIC focuses primarily on investing in promising small-to-medium enterprises in the Kingdom. Due to continued challenging market conditions, the Company is currently conducting a two-tranche capital reduction plan, as well as implementing a number of cost-cutting measures.