BNC Technology Fund 1

Hajz Telecom Company (HTC) is a Saudi-owned company with headquarter in  Riyadh, Since its inception in 1994, HTC has demonstrated a solid commitment to the development of the communication and information technology market and consultancy services in the Kingdom of Saudi Arabia (KSA). As a system integrator, value-added reseller and Managed service company along with HTC partners, quality products & services aimed at long-term relationships with customers and vendors have strongly contributed to growing HTC into one of the major providers of total IT, Telecom solutions and services in KSA. Furthermore, HTC has developed market confidence through its commitment in terms of financial investment and customer satisfaction.

BNC Technology Fund 1 is a closed-end, multi-investment private fund aiming to achieve medium- and long-term capital growth while distributing periodic cash dividends through acquiring majority or minority stakes in Information Technology. The fund manager has acquired Hajz Telecom Company (HTC) for a total value of SAR 5 million, in exchange for issuing 500,000 in-kind units valued at SAR 10 per unit to be owned by the company’s shareholders.