Riyadh, Saudi Arabia – June 22, 2026 – Foodics, the leading restaurant operations and financial management platform in the MENA region, announced the completion of its full acquisition of Norma AI, a Greece-based artificial intelligence company built for the hospitality and restaurant industry. The Norma team has joined Foodics’ AI division, and Norma’s Analytics Agent […]
New partnerships broaden access to diversified investment solutions and build on the success of Madkhol Premium, which provides access to more than 5,000 global investment funds Riyadh, Saudi Arabia – Madkhol Capital, the Saudi digital investment and wealth management platform, announced the signing of strategic partnerships with anb Capital and Derayah Financial, further expanding the range […]
Riyadh, Saudi Arabia – Saudi Venture Capital (SVC) has announced its investment in Khwarizmi Venture Capital Fund 2, managed by Khwarizmi Capital, an entity licensed by the Capital Market Authority of Saudi Arabia. The fund focuses on Seed-to-Series A investments in high-growth tech and tech-enabled startups. While sector-agnostic, the fund sees strong potential in fintech, e-commerce, […]
RIYADH, The Kingdom of Saudi Arabia – June 04, 2026: Saudi Venture Capital (SVC) announced the appointment of Ms. Nora Alsarhan as Chief Executive Officer, pursuant to a Board of Directors resolution issued during its meeting held on June 3, 2026. Ms. Alsarhan will officially assume her role effective July 1, 2026. The appointment is […]
Saudi Arabia-based fintech startup Arib has raised US$23.5 million in a new funding round led by Merak Capital, as the company looks to strengthen its position in the Kingdom’s rapidly growing digital finance sector. The funding round also included Sharia-compliant Murabaha financing facilities, highlighting increasing investor interest in Islamic fintech solutions and digital lending services […]
Riyadh: BlueFive Capital is pleased to announce it has signed a binding share subscription agreement with Gulf General Cooperative Insurance Company, a publicly listed company on Saudi Arabia’s Stock Exchange. The agreement sets out a series of actions to restructure the Company’s share capital in order to strengthen the Company’s financial position. It includes: Reducing the […]
Stitch, the operating system built for modern financial institutions, today announced it has raised $25 million in Series A funding led by Andreessen Horowitz (a16z). The investment marks a16z’s first in the GCC and brings Stitch’s total funding to $35 million. In addition to a16z, existing investors Arbor Ventures, COTU Ventures, Raed Ventures, and SVC […]
Saudi-based healthcare supply chain platform Aumet has raised USD 12 million in a Series A funding round to expand its AI-powered procurement operating system across healthcare systems in the GCC and international markets. The round was led by Emkan Capital, with participation from Qatar Development Bank, SABAH Fund, and AAIC. Existing investors Shorooq Partners and […]
The Riyadh-born payments platform brings total seed funding to $9.2 million, with participation from Outliers, STV, Flourish, Arab Bank and BYLD. Riyadh, Saudi Arabia – 12 May, 2025 – Stream, the Riyadh-born payments and billing platform, has announced a $5.2 million seed extension. This comes less than six months after closing its initial seed round; […]
Riyadh, Saudi Arabia – Merak Capital, a Saudi-based investment firm licensed by the Capital Market Authority, leads a $1.65M investment round in Hakeem Health alongside Sanabil 500. Hakeem Health is a healthcare technology company developing an AI-powered medical assistant that delivers real-time, evidence-based clinical insights at the point of care in multiple languages. Hakeem Health’s flagship […]