Cumulative VC investment in Saudi Arabian fintech 2021-2030

Published by
Amna Puri-Mirza,
Nov 16, 2023
In 2021, Saudi Arabia had cumulative venture capital investments totaling 232 million Saudi riyals in the fintech industry. The country aims to increase that amount to 742 million SAR by 2023, after which the investment goals are set to increase at a much faster pace amounting to over 12,000 million SAR by 2030.

Cumulative venture capital investment goals in Saudi Arabian fintech in 2021, with forecasts until 2030 (in million Saudi riyals)

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Release date

September 2023

Region

Saudi Arabia, MENA

Survey time period

2021

Supplementary notes

Note: 1 SAR (Saudi Riyal) equals approximately 0.27 U.S. dollars and 0.25 euros (as of November 2023).

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