cover-img

USD 5.5 million investment to Modanisa.com

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.