November 20, 2024
Japan’s SBI to launch first Saudi Arabia biotech fund #JapanFinance

Japan’s SBI to launch first Saudi Arabia biotech fund #JapanFinance

CashNews.co

TOKYO — Japan’s SBI Holdings will debut its first biotechnology-focused investment in Saudi Arabia as early as the first half of 2025 as part of an overseas push.

The financial services group has reached an agreement with Saudi Arabia’s Ministry of Investment and other parties on the fund, which is expected to manage $50 million to $100 million in assets.