Mulkia Investment creates first Saudi cybersecurity fund

The fund’s term is 10 years with a minimum commitment of $266.5mln

  
Image used for illustrative purpose. Hacker internet computer crime cyber attack network security programming code password protection.

Image used for illustrative purpose. Hacker internet computer crime cyber attack network security programming code password protection.

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RIYADH: Mulkia Investment Co. has established Mulkia Cyber Security Fund in partnership with US leading company in cybersecurity investment, Paladin Capital Group, Argaam reported.

The fund aims to invest in companies and funds in the cybersecurity sector to achieve capital growth in the medium to long term. The fund’s term is 10 years with a minimum commitment of SR1 million ($266.5 million), the company said in a statement.

The fund offers qualified investors the opportunity to invest in cybersecurity companies and technologies worldwide, it said.

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