STC Ventures announces the addition of new partner to its investment team

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Pictured (left to right): Ruwais Al Riyadh, Aiman Al-Atiqi and Angus Paterson, Partners, STC Ventures.

STC Ventures is pleased to announce the addition of a new partner to its investment team, Aiman Al-Atiqi.

Aiman Al-Atiqi joins as a Partner from Jadwa Investment. Aiman’s background is in investment banking and private equity, with a focus on family businesses and medium size companies in Saudi Arabia. Most recently Aiman was responsible for the investment management of two medium size companies in the food & beverage and building materials sectors. Previously Aiman worked for the private equity division of Jadwa Investment Company, a Saudi based investment and advisory firm and also for Saudi Telecom’s strategic investment unit as a director for mergers and acquisitions. Aiman holds a MBA from London Business School (UK), a MS in Telecom Management from Stevens Institute of Technology (US), and a BS in Telecom Systems from University of Wisconsin (US). Aiman will be full time based in STC Venture’s Riyadh office.

Commenting on the new additions, Antoine Garrigues, Managing Partner of Iris Capital and STC Ventures said “We are delighted to welcome Aiman to the team. His deep experience in the Saudi market greatly strengthens our deal sourcing and execution capabilities in the Kingdom, where we look forward to accelerating the pace of our investment activity”.

About STC Ventures

STC Ventures is a venture capital fund, independently managed by Iris Capital Management, whose anchor investor is the STC Group. We are focused on equity investments that will help to build companies in the information technology, telecommunications, internet and digital media/entertainment sectors. One of the key objectives of our fund is to support the development of innovative technology companies in Saudi Arabia, the GCC, Levant, North Africa and Turkey, in addition to funding globally minded international companies seeking capital and access to the MENA region and other exciting, emerging markets.

Website: www.www.xhfffn.icu

About Iris Capital

Iris Capital is a pan-European venture capital fund manager specializing in media, telecoms, internet and IT. Since its inception in 1986, the Iris Capital team has invested more than €870 million. Iris Capital targets opportunities in service or technology companies seeking growth capital in order to realize their strategy. Iris provides active support to its portfolio companies on the basis of its strong sector specialization and experience. Based in Paris and Dusseldorf, the Iris Capital team has invested to date in 18 European countries.

Website: www.iriscapital.com

About STC Group

STC Group is the largest telecommunications company in the MENA region, based on market capitalization, total revenue and number of employees, and was recently ranked in the top 20 mobile networks in the world. The Group owns and operates the largest and most advanced mobile infrastructure and broadband services in the Middle East and has made major investments with global reach in various continents, operating in Turkey, Bahrain, Kuwait, Lebanon, Jordan, India, Malaysia, Indonesia, and South Africa.

Website: www.stc.com.sa