Riyadh – Mubasher: Mohammed Hasan Al Naqool Sons Company has signed a Sharia-compliant agreement with Ventures Fund to invest $4 million (SAR 15 million) for Venture Capital Investment in Silicon Valley in the US.

The eight-year fund aims to explore technical opportunities and invest in capital at an early stage in emerging tech companies and in construction technology in particular, according to a bourse filing on Tuesday.

The agreement will support Al Naqool’s future plans in terms of achieving a positive impact on the return on capital investments.