SABIC Ventures is the venture capital branch of SABIC. It prefers to fund companies at the growth stage operating in the energy sectors. The firm is based in Riyadh, Saudi Arabia and was established in 2011. As of March 2019, SABIC Ventures has sold off its stakes in three companies and is managing eight active companies in its portfolio.
SABIC Ventures is a wholly-owned subsidiary of SABIC that is focused on providing seed and early stage venture capital financing to innovative companies in the fund’s sectors of interest on a global scale. They aim to invest in outstanding entrepreneurial teams who dare to challenge the status quo in their respective industries and who are seekingto build extraordinary businesses that can support SABIC’s innovation and growth strategy. They seek to invest and co-invest with a broad network of VC partners, angel investors or investment groups that specialize in their targeted investment markets and geographies. Through collaborative innovation, they can leverage SABIC’s global footprint and turn their strategic insights into market impact.