Riyadh: On the sidelines of the 3rd Saudi-British Meeting for International Development and Humanitarian Assistance, Saudi Eksab and British International Investment (BII) have signed a memorandum of understanding (MoU) to strengthen strategic cooperation and identify opportunities for co-investing in private markets.

According to Saudi Press Agency, the partnership will expand access to investment opportunities for both financial returns and socioeconomic impact across developing countries. As part of the agreement, Saudi Eksab and BII will also explore joint engagements in different sectors. The parties will benefit from knowledge exchange, sharing best practices, and building strong development-impact frameworks.

This MoU reflects Saudi Eksab's commitment to deepening financial and investment cooperation, unlocking new global opportunities, and supporting sustainable growth. Saudi Eksab is an international investment entity with a dual mandate to deliver positive financial returns and measurable socioeconomic impact. It aims to unlock potential in frontier and emerging markets to create shared global prosperity.

British International Investment (BII) is the UK's development finance institution and impact investor. It invests in businesses in developing countries to improve lives and support climate and sustainability goals. Between 2022-2026, at least 30% of BII's new commitments will be in climate finance. The organization is a founding member of the 2X Challenge and has investments in more than 1,600 businesses across 66 countries, with total net assets of £9.87 billion.