Abdul Latif Jameel Finance, a leading financing provider regulated by the Saudi Central Bank (SAMA), has signed a Memorandum of Understanding (MoU) with Ant International to explore fintech collaborations aimed at enhancing digital financial services in the Kingdom.
Headquartered in Singapore, Ant International provides digital payment and financial technology solutions to consumers and businesses around the world. Through this partnership, both companies will work together to develop innovative digital financial services for businesses and consumers in Saudi Arabia.
The collaboration will explore leveraging Ant International’s WorldFirst platform to accelerate Abdul Latif Jameel Finance’s digital transformation initiatives. Additionally, the companies will cooperate on cross-border payment solutions through Alipay+, Ant International’s global payments network.
Ant International, which opened its first Middle East office in Riyadh in 2025, is also planning to integrate Alipay+ with Saudi Arabia’s national payment system, mada, by 2026 — a move that will further enhance interoperability and financial inclusion in the Kingdom.
The MoU aims to combine Abdul Latif Jameel Finance’s extensive local presence with Ant International’s advanced digital capabilities to strengthen support for retail and MSME customers across Saudi Arabia.
