Saudi healthcare fintech Seha Invest signs $500m partnership with Y-Innovations at BMG Forum
LONDON: Saudi fintech and private credit firm Seha Invest has signed a $500 million partnership with Boston-based Y-Innovations to support biotechnology and healthcare development in the Kingdom.
The agreement was announced on the sidelines of the BMG Forum at the London Stock Exchange.
Seha Invest co-founder Dr. Ibrahim Alnajashi said the partnership marks a milestone for Saudi Arabia’s Vision 2030 and National Biotechnology Strategy.
“We hope this will result in many products that can be utilized in hospitals and patients, and also create new high-quality jobs for Saudi local talents and upscale the R&D ecosystem in the Kingdom,” he said at the event.
