Saudi firm launches cybersecurity fund

Riyadh-based Mulkia Investment Company has launched a fund focused on cyber security companies.

The Mulkia Cyber Security Fund has been formed in partnership with US-based investment firm Paladin Capital.

The fund aims to invest in companies in the cybersecurity sector as well as other funds with a similar investment focus.

According to the firm, the objective is to focus on capital growth in the medium to long-term.

It has a 10 year term with a minimum commitment of SR1 million (US$267 million).

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