Under the patronage of the Minister of Culture, the Cultural Fund and Merak Capital have inaugurated the Kingdom’s first private equity fashion fund, valued at 300 million SAR ($80 million).

Unveiled at the Cultural Investment Conference in Riyadh, the fund is dedicated to scaling Saudi enterprises and established marques within the realms of apparel, beauty, and logistics. By fortifying the local ecosystem, the initiative seeks to project Saudi sartorial excellence onto the global stage in alignment with Vision 2030.

This expansion follows the successful 2024 financing of industry leaders 1886, Femi9, Saudi Jawaher, and Blooming.

Editorial team: Ghada Al-Nasser, Hajar Mubarak, Manar Al-Ahmadi, Danah Al-Nuaim, and Wejdan Al-Malki