June 8, 2020 / 1:18 PM / a month ago

BRIEF-Saudi Aramco Entrepreneurship Ventures Closes $25 Mln Round Into Islamic Fintech Wahed

June 8 (Reuters) - WAHED INC:

* WAHED HAS CLOSED $25 MILLION INVESTMENT ROUND LED BY SAUDI ARAMCO ENTREPRENEURSHIP VENTURES, A VENTURE CAPITAL INVESTMENT ARM OF SAUDI ARAMCO

* ROUND INCLUDED PARTICIPATION FROM EXISTING INVESTORS BECO AND CUEBALL CAPITAL, AS WELL AS DUBAI CULTIV8, AND RASAMEE

* FUNDS WILL BE USED TO FUEL COMPANY’S AMBITIOUS GLOBAL EXPANSION,NAMELY IN DEVELOPING COMPANY’S SUBSIDIARY IN KINGDOM OF SAUDI ARABIA

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