Saudi Telecom Co's (STC) $500 million venture capital fund expects to complete its first transaction by Q4 2017, chief executive Abdulrahman Tarabzouni told reporters in Riyadh on Thursday.

 

STVentures' initial investments were currently being studied, he added.

 

STC CEO Khaled Biyari said the $500 million would be invested over the next four to five years.

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