SBI Holdings, Inc. Announces Memorandum of Understanding for Business Alliance with King Abdulaziz City for Science and Technology
November 09, 2023 at 10:05 pm EST
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SBI Holdings, Inc. announced that it has entered into a Memorandum of Understanding for a business alliance with King Abdulaziz City for Science and Technology. Based on the MoU, the SBI Group and KACST will consider a business alliance in the areas described below: 1. Cooperation and investment in the field of semiconductors in Japan and Saudi Arabia; 2. Development of biotechnological solutions and ethical drugs centered around products using 5-Aminolevulinic Acid (5-ALA); 3. Promotion of innovative banking solutions utilizing digital technology and fintech; 4. Development of human resources exchange programs targeted to nurture talent in the field of semiconductor, fintech, and biotechnology; 5. Support of startups with cutting-edge technology and entrepreneurs in the fields such as semiconductor, fintech, and biotechnology. The scope of the alliance will not be limited and may be expanded upon agreement between the Company and
KACST.
SBI Holdings Inc is a Japan-based company mainly engaged in the financial business. The Company operates five business segments. The Financial Services segment engages in various finance related businesses, centered on securities related, banking, and insurance businesses in Japan and overseas. The Asset Management segment is engaged in investment management, including the establishment, offering, and management of investment trusts, investment advisory services, and provision of financial products information. The Investment segment includes investment in domestic and overseas information technology (IT), fintech, blockchain, financial, and biotechnology related venture companies. The Crypto-asset segment provides crypto-asset exchange and trading services. The Non-financial segment is engaged in various businesses such as bio-healthcare & medical informatics business, Web3 related business, renewable energy business, and businesses developing in new overseas markets such as Africa.
SBI HOLDINGS, INC. 
