USD 5.5 million investment to Modanisa.com
02/25/2015
STC Ventures, Saudi Telecom Group’s venture capital fund,
becomes a shareholder to Modanisa.com, world’s top Islamic clothing website, with USD 5.5 million investment. The partnership agreement signed between Modanisa.com and Saudi Telecom Group marked the first partnership at BIST Private Market, established to bring entrepreneurs and investors together for increased financing and liquidity and reached nearly 200 members.
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