- What
- Venture capital from a SAR 450MM close-ended fund, seed through Series B.
- Who
- Saudi, GCC-based and international technology companies; no application route, email only.
- Cost
- Equity
- Status
- Dormant
Checked · September 2026 · riyadcapital.com/asset-management/private-funds/ · How we check ↗
In detail
Riyad Taqnia Fund (RTF) is a venture capital (close-ended fund) in Saudi Arabia. Close-ended venture capital fund founded by Riyad Capital and TAQNIA, the technology company fully owned by the Public Investment Fund. Its own site says it invests in technology startups around the globe at Seed through Series B; Riyad Capital states the purpose as a portfolio of Saudi, GCC-based and international technology companies, backed by leading institutional investors in Saudi Arabia, with an investment committee of seven Saudi and international members. Key terms: fund size SAR 450MM, Riyad Capital and TAQNIA invested SAR 12.5MM each, a 10-year term with a 5-year investment period; the launch year is not published. Portfolio: Dokkan Afkar, Foodics, Beehive, Souqalmal, Trukker. Contact: rtfund@riyadcapital.com.
- Amount
- Fund size SAR 450MM
- Seed through Series B
- ticket size not published
- Terms
- Yes — venture capital
- Focus
- Information & Communications Technology (ICT), Energy & Sustainability, Advanced Materials
- Portfolio
- Dokkan Afkar
- Foodics
- Beehive
- Souqalmal
- Trukker
- Status
- Dormant-watch — its own pages carry no dated activity and describe a 10-year term with a 5-year investment period, launch year not published; contact by email only (checked September 2026)
What the source says
“Riyad TAQNIA Fund (RTF), a close-ended Venture Capital fund founded by Riyad Capital and TAQNIA company , invests in audacious capital and aims to achieve high returns to investors.”
“Based in Riyadh, TAQNIA, its subsidiaries and Business Units are fully owned by the Public Investment Fund (PIF) and seek to diversify the Saudi economy through investing in promising startups, technology localization, and creating a knowledge-based economy.”
“We are a venture capital fund investing in technology startups around the globe. We are interested in Seed through Series-B opportunities. RTF was founded by Riyad Capital and Taqnia”
“The Fund purpose is sourcing and investing in a portfolio of Saudi, GCC-based and international technology companies with the main objective of generating profitable returns to the fund’s investors while facilitating and stimulating the development and transfer of cutting edge technology and related knowledge to the Kingdom.”
“It is backed by leading institutional investors in Saudi Arabia and invests in the areas of Information & Communications Technology (ICT), Energy & Sustainability and Advanced Materials.”
“The Investment Committee consists of seven Saudi and international members with long experience in venture capital and entrepreneurship.”
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Sources
Primary source · riyadcapital.com/asset-management/private-funds/riyad-taqnia-fund · Checked September 2026