Saudi businessman Dr. Muhaidib Al-Muhaidib has announced plans to launch a private investment fund focused on businesses and opportunities linked to horses and equestrian activities.
The fund will operate under the supervision of the Saudi Capital Market Authority and is expected to be launched soon, according to the announcement. It will initially be structured as a private fund, with plans to expand later and attract substantial local and international investment.
The initiative aims to support local content in Saudi Arabia, create jobs and contribute to the development of the kingdom’s equestrian sector. Al-Muhaidib also linked the fund to the objectives of Saudi Vision 2030.
The fund is expected to focus on projects that strengthen the local horse industry while bringing local and international expertise into investable ventures. Al-Muhaidib said the goal is to help shift the sector from a primarily hobby-driven activity toward a more professional and investment-oriented industry.
The founders are currently completing the regulatory procedures and defining the fund’s local, regional and international objectives. Further details on its programs and priorities will be announced later.
Source: Al Arabiya
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