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Aramco: $4bn for Venture Capital Unit Explained

Saudi Aramco, renowned as a leading player in the global crude oil market, recently announced a substantial boost in funding for its venture capital division, Aramco Ventures.

Aramco CEO Amin Nasser speaks from a podium during a news conference. PHOTO: REUTERS/HAMAD I MOHAMMED

This initiative involves increasing its investment from $3 billion to $7 billion, signalling a significant step in its venture capital endeavours.

This move also raises Aramco’s total venture capital commitments to $7.5 billion, incorporating the $500 million dedicated to Wa’ed Ventures, a fund focused on supporting the burgeoning

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