- ELITE and Monsha’at (Saudi Small & Medium Enterprises Authority) partner to launch business support & capital raising programme in Saudi Arabia
- First ELITE partnership in the Middle East, following launches in Brazil and China in 2017
- Kingdom unveils first group of ELITE Saudi companies
- Demonstrates LSEG’s commitment to strengthening ties with capital markets across the MENA region
ELITE, London Stock Exchange Group’s international business support and capital raising programme for high-growth companies, today announces that it has partnered with the Small and Medium Enterprises Authority in Saudi Arabia (Monhsa’at) to support the launch of ELITE in Saudi Arabia.
Twenty ambitious Saudi small and medium sized companies (SMEs) have been unveiled today as the first ELITE Saudi Arabia cohort. Companies come from across the country and a diverse range of sectors, from Riyadh to Jeddah and include the largest date exporter, Tomoor, cement manufacturer, Cement Industries and granite miner, Tanhat Mining .
ELITE and Monsha’at will work closely to implement and promote ELITE in Saudi Arabia. A locally anchored ELITE programme, as part of ELITE’s global network, will strengthen the environment for scale-ups across the country and help the Kingdom deliver its Vision 2030. Saudi Arabia recognises that high growth dynamic SMEs have a unique capacity to innovate, create new jobs, in turn becoming key contributors to the Kingdom’s GDP and driving economic development.
Download the pdf for the full press release