SovereignWealthFunds.comSaudi Technology Development and Investment Company (TAQNIA)
TAQNIA: what it invests in
Geography Domestic and global
TAQNIA: how big it is, and on what basis
TAQNIA: what it publishes
Published 0 · Partly 1 · Not published 9
Our 10 item score. It measures what is public, not how well a fund is run.
At a glance. TAQNIA is a technology investment company wholly owned by Saudi Arabia's Public Investment Fund. Set up by royal decree in June 2011, it is mandated to invest in and commercialise research output from institutions in the Kingdom and abroad, supporting technology development and localisation. Its subsidiaries include TAQNIA Space. It publishes no size, accounts or deal list. S1 S3
Key points
- Wholly owned by the Public Investment Fund. S1
- Established in June 2011 by Royal Decree M/47. S1
- Mandated to invest in and commercialise R&D from local and global research institutions. S1
- Focus on technology development and localisation in Saudi Arabia. S1
- Subsidiary TAQNIA Space works in the space sector. S3
Interesting facts
Mandate and goals
Invest in and commercialise research and development output from research institutions in Saudi Arabia and globally. S1
How it invests
| Industries | Technology, Industrials and manufacturing S1 |
|---|---|
| Asset classes | Venture capital, Strategic state holdings S1 |
| Stages | Seed, Venture S1 |
| Geography | Domestic and global. Research from local and global institutions S1 |
| Direct / through funds / co-invest | Yes / No / No S1 |
| Ticket size | No ticket size published. S1 |
| External managers | None described S1 |
| Co-investment programme | None described S1 |
Published criteria
Past investments
| Investment | Type | Sector | Stage |
|---|---|---|---|
| TAQNIA Space. Space-sector subsidiary of TAQNIA. S3 | New company or platform | Technology | Venture |
The fund does not publish investment dates or amounts for these holdings.
Case studies
TAQNIA Space S3
- What: TAQNIA set up a dedicated subsidiary for the space sector.
- When: Ongoing
- Size: Not published
- Why: To build Saudi capability in space technology under the localisation mandate.
- Outcome: Operating as a named TAQNIA subsidiary.
Investment process
Runs as a PIF portfolio company under PIF governance and investment decision rules. S1
- Source research from institutions at home and abroad. S1
- Invest to commercialise it. S1
- Grow subsidiaries in priority technologies. S3
How to approach: Contact through the TAQNIA website; no investment intake process is published. S3
Size and returns
- Headline size: Not published (Total assets (balance sheet)) S1
- Returns: the fund does not publish a return figure.
Leadership
The fund does not publish named leaders.
Governance and transparency
- Legal basis: Royal Decree M/47 (June 2011) based on Council of Ministers resolution 217 S1
- Oversight: Public Investment Fund as sole owner S1
- PIF publishes its own annual reports covering its portfolio. S1
Transparency score: 0.5 of 10 (band 1 of 5). Our own 10-item rubric; see the methodology page.
History
| Date | Event |
|---|---|
| 2011-06 | Founded by Royal Decree M/47 as a PIF company. S1 |
For family offices
A PIF-owned builder of research-based technology companies. Partnerships are most likely with research institutions and technology firms rather than outside capital. S1
Common questions
Who owns TAQNIA?
The Public Investment Fund, 100 percent. S1
When was it founded?
June 2011, by royal decree. S1
What does it do?
Invests in and commercialises research output to build technology companies. S1
Related profiles
- Public Investment Fund (PIF) Saudi Arabia · SAR 3,396B
- Mubadala Investment Company United Arab Emirates (Abu Dhabi) · AED 1,414B
- National Development Fund of Iran (NDFI) Iran · About USD 195B (stated, unaudited)
- XRG, ADNOC international investment company (Abu Dhabi) United Arab Emirates (Abu Dhabi) · USD 150B+, estimate
- National Development Fund (NDF) Saudi Arabia · About SAR 430B
- Oman Investment Authority (OIA) Oman · OMR 22.922B
All sovereign wealth funds in Middle East · All strategic development funds · All funds in Saudi Arabia
Sources
Disclaimer
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