Mulkia Investment creates first Saudi cybersecurity fund

Mulkia Investment Co. has launched the Mulkia Cyber Security Fund in collaboration with Paladin Capital Group, a renowned cybersecurity investment firm in the United States, according to Argaam.

The fund intends to invest in cybersecurity firms and funds in order to generate capital growth over the medium to long term. The fund’s duration is ten years, with a minimum contribution of SR1 million ($266.5 million), according to a statement from the firm.

According to the fund’s website, eligible investors can invest in cybersecurity firms and technology all around the world.