Manama, July 6 (BNA): On the sidelines of the visit of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, to the United Kingdom, the Oasis Fund of Funds announced the launch of the first financial technology studio “Spring Studios” in cooperation with the global venture capital company. Hambro Perks is based in the United Kingdom.
Areej Al-Shak, Director of the Al Waha Fund, affirmed the Kingdom of Bahrain’s commitment to investing and creating a thriving financial technology ecosystem, as it aims to become a leading center for innovation in the field of financial technology that attracts global investments.
The shape added that Spring Studios is the first studio of its kind focused on financial technology in the Middle East and North Africa region.
She indicated that the studio will establish and invest directly in the next generation of emerging companies in the field of financial technology, and will focus on attracting highly skilled international talents, while training local talents through skill development, internships, and educational initiatives in partnership with local institutions.
The Al Waha Fund of Funds is a Bahraini sovereign fund managed by the Bahrain Development Bank that focuses on stimulating the growth of the venture capital industry and the development of technology startups in Bahrain.
HF
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