Saudi Eksab and British International Investment (BII) have signed a memorandum of understanding (MoU) to strengthen strategic cooperation and identify opportunities for co-investing in private markets.
The MoU was signed on the sidelines of the 3rd Saudi-British Meeting for International Development and Humanitarian Assistance.
The partnership aims to broaden access to investment opportunities that deliver both financial returns and positive socioeconomic impact across developing countries.
Under the agreement, Saudi Eksab and BII will also explore joint initiatives across various sectors. Both parties will benefit from knowledge exchange, the sharing of best practices, and the development of robust frameworks designed to maximize development impact.
This MoU underscores Saudi Eksab’s strong commitment to enhancing financial and investment cooperation, unlocking new global opportunities, and fostering sustainable growth.
By formalizing this partnership, Saudi Eksab aims to deepen its engagement in international markets, promote impactful investments, and contribute to long-term economic development across various sectors.
Saudi Eksab
Saudi Eksab is an international investment entity with a dual mandate to deliver positive financial returns and measurable socio-economic impact. It aims to unlock potential in frontier and emerging markets to create shared global prosperity.
British International Investment (BII)
BII is the UK’s development finance institution and impact investor. It invests in businesses in developing countries to improve lives and support climate and sustainability goals.
Between 2022 and 2026, at least 30 percent of BII’s new commitments will be in climate finance. The organization is a founding member of the 2X Challenge and has investments in more than 1,600 businesses across 66 countries, with total net assets of $13 billion (£9.87 billion).
