Extend Group & Rassanah Financial Launch $26.6M Fund for Saudi SMEs

Saudi Arabia-based companies Extend Group and Rassanah Financial have partnered up to launch the Extend Fund, a $26.6 million fund that will support small and medium-sized enterprises in the Kingdom of Saudi Arabia.

The fund will be managed by a specialised team from Rassanah Financial, and will focus on supporting media production and Arab cultural endeavours.

The Extend Fund was established during the 13th anniversary celebration of Extend Group, during which Extend Group also signed agreements with Intuit.lap Academy for Design and Strategic Creativity, as well as Peaksource Group, to launch the Extend Academy. The Extend Academy will provide comprehensive educational programmes in creative design, communication consulting, digital innovation and branding specialising, with the aim of graduating 200 students annually.