Saudi Sanabel leads a financing tour for the "Silk" E -Commerce platform

The investment arm of the Saudi Sovereign Fund, and ‘Valarteres’, supported by US entrepreneur Peter Thil, is a $ 110 million financing round for the ‘Silq’ group, a new ECommerce platform that was founded recently. ‘Sanabel Investment’, a company entirely owned by the Saudi public investment fund, worth $ 925 billion, and ‘Valor’, participates in a group of investors including ‘Qatar Development Bank’, according to a statement. The company “Silk” is established by a “shopup” merger, which is the largest electronic platform among companies in Bangladesh, and “Sary”, which is one of the most important electronic markets in the wave states. After the new company is integrated, the new company targets the Gulf Region and Asia. “Silk” is looking for the general proposal in 2027. The company attempts to implement a preliminary public offer in 2027, according to the senior executives. “We believe that the wave market is very promising about public subscriptions, especially the Saudi market,” says Afif Zaman, CEO of the Silk Group. Mohamed Al -Dossary, CEO of “Silq Financial”, said the company’s financing arm that he would focus on group level at the next six months. Al -Dossary also explained that the large -scale customs duties supported by US President Donald Trump will provide opportunities for ‘Side’ as exporters are looking for new markets. The list of investors in “Silk” contains the list of companies investing in “Silk” “STV” (STV), attached to the Saudi Communications Group (STC), “Flourish Ventures”, “VSQ”, MSA Capital, and “Rochet Ship” Rocketship VC), “Wafra Investment”, “Peak XV”, “Peak XV”, “Prosus “,” Tiger Global “,”, “Endeavor” and “Enter”, “Endeavor” and the tiger. “Global”, “Endeavor Catalyst” and “Raed Ventures. The ‘Shop -App’ and ‘Sari’ have helped dealing with sales and purchases, more than $ 5 billion, and they have so far facilitated more than 100 million costs of products between sellers and buyers.