Document background
The Limited Partnership Agreement Venture Capital is a foundational document used when establishing a venture capital fund in Saudi Arabia. It's particularly relevant in the context of Saudi Vision 2030's emphasis on developing the kingdom's venture capital ecosystem. The agreement structures the relationship between the General Partner (typically the fund manager) and Limited Partners (investors), incorporating both international VC fund standards and local regulatory requirements. It must comply with Saudi Companies Law, Capital Market Authority regulations, and often Shariah principles. The document covers crucial elements including capital commitments, investment strategy, profit distribution, governance structure, and reporting requirements. It's especially important given Saudi Arabia's growing focus on private sector investment and technological innovation, requiring careful consideration of both local regulatory compliance and international best practices in venture capital fund structuring.
