Logos of Mulkia Investment Co. and Mulkia Cyber Security Fund
Mulkia Investment Company established the first investment fund in the cyber security sector in the Kingdom of Saudi Arabia. Under the name “Mulkia Cyber Security Fund”, which was established in partnership between Mulkia Investment Company and Paladin Capital Group, the leading American company in investing in cyber security and the technologies supporting it worldwide. Paladin has worked in investing in this field since 2001.
In its statement, the company specified that Mulkia Cyber Security Fund offers qualified investors the opportunity to invest in cyber security companies and technologies worldwide.
Mr. Omar Al-Othaim, CEO of Mulkia Investment Company, commented that the rapid development of technology in all fields requires a significant development in protection of systems and information and data security. This allows the presence of investment opportunities to develop the field of cybersecurity in general and work on the development and expansion of specialized companies and its products globally and locally. He also pointed out that the Covid-19 crisis has increased the dependence of various parties on modern technologies, which increases the need for advanced protection that protect those systems, resources and networks. It is not secret that the severity of electronic attacks on systems has increased recently, such as what happened in the cyber attacks of the systems of an American oil pipeline company. This disrupted about 45% of oil supplies to the east coast of the United States.
These events and many more, underscore the importance of investing in these specialized technologies.
According to Mulkia Investment Company, Mulkia Cyber Security Fund aims to invest in companies and investment funds in the cybersecurity sector to achieve capital growth over the medium to long term, the fund term is 10 years. Minimum commitment of 1 million Saudi riyals.
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