A businessman Dr. Muhaidib Al-Muhaidib markef a significant step towards maturity by announcing his intention to launch a private investment fund under the Saudi Capital Market Authority to invest in various fields targeting the world of horses.
Innovation in Investment
Dr. Al-Muhaidib stated that the fund aims to support local content and leverage local and global expertise in the sector. He also promised more details about the investment areas and other information about the fund all regulatory procedures are complete.
Dr. Al-Muhaidib also expressed his gratitude to King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman for their support.
Advancing Equestrian Sports
Dr. Al-Muhaidib appreciated the efforts of Prince Bandar bin Khalid Al-Faisal, chairman of the Equestrian Authority and the Horse Racing Club, for developing the sector technically and investment-wise. These efforts have significantly contributed to a positive movement in the sector.
Artistic Vision
The fund’s concept emerged from a partnership combining equestrian expertise, represented by Khalid bin Mishref.
Mishref, known for his keen artistic vision, has discovered many distinguished horses, including “Emblem Road”, the 2022 Saudi Cup gold winner.
Finally, today, Mishref orchestrated the transfer of “Defended”, a prime candidate for winning the prestigious cup, to its new owner, Dr. Al-Muhaidib.
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