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Saudi Arabia-based investment company Energy Capital Group (ECG) has announced the first close of its $150 million fund that targets the creation of national leaders in energy and energy-related technologies. The Fund was anchored by the Jada Fund of Funds. The successful fundraising effort is a validation of ECG’s strategy that aims to create and develop industrial services and technology-oriented National Champions across the energy sector in line with Saudi Arabia’s Vision 2030 and Aramco’s IKTVA program.

Saudi-based Energy Capital Group announces first close of $150 mln fund

Saudi Arabia-based investment company Energy Capital Group (ECG) has announced the first close of its $150 million fund that targets the creation of national leaders in energy and energy-related technologies. The Fund was anchored by the Jada Fund of Funds. The successful fundraising effort is a validation of ECG’s strategy that aims to create and develop industrial services and technology-oriented National Champions across the energy sector in line with Saudi Arabia’s Vision 2030 and Aramco’s IKTVA program.

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