Invested funds in equity crowdfunding platforms increase to $56m in 3 years

RIYADH: The activity of equity crowdfunding platforms in the Saudi Exchange recorded an increase in total invested fund to SR210 million ($56 million) from 2019 until the end of 2021.

This includes 46 offerings through authorized platforms, the Capital Market Authority said in a statement.

With a growth rate of 242 percent, 2021 saw the largest proportion of funds invested, totaling SR149 million, up from SR44 million in 2020, and SR17 million in 2019.