SIC has announced a strategic investment in Khwarizmi Ventures Fund II, aiming to support industrial innovation and strengthen the venture capital ecosystem across Saudi Arabia and the Gulf region.

The partnership is designed to accelerate the growth of technology startups and enable digital solutions capable of driving digital transformation and improving industrial competitiveness in the Kingdom.

Through its second fund, Khwarizmi Ventures continues to back more than 20 early-stage startups with investments ranging between $1 million and $5 million across Seed and Series A stages, focusing on scalable technology sectors with regional growth potential.

The investment also aligns with SIC’s strategy to diversify its asset exposure while gaining early access to emerging technologies and innovation-driven business models shaping the future of industrial competitiveness.

Khwarizmi Ventures Capital Fund II is managed by Khwarizmi Capital, a Saudi Capital Market Authority-licensed financial company under license number 23255-02.