Riyadh, Saudi Arabia – January 22, 2026: EdfaPay is pleased to announce the official activation of its Smart SoftPOS services in the Saudi market, following the successful completion of the required technical approvals from the Payments Authorization Center at the Saudi Central Bank (SAMA), in accordance with the applicable compliance and security standards. This will […]
GulfBoost Technology (GBT) has announced the successful closing of a SAR 5 million pre-seed funding round, marking a key milestone in the company’s growth within Saudi Arabia’s telecommunications and information technology sectors. The round was led by Abdulaziz bin Abdullah Al-Zamil & Sons Investment Company, with participation from a group of angel investors and investment […]
ZagTrader has announced the rollout of a revamped enterprise digital experience platform, marking the next phase in the evolution of its digital ecosystem. The initiative represents a comprehensive modernization of existing digital capabilities, introducing a refreshed experience powered by state-of-the-art technology, updated design standards, and enhanced performance characteristics. The revamp reinforces ZagTrader’s focus on delivering […]
Grove, a Riyadh-based technology company specialising in the fresh-produce sector, has successfully closed a $5 million Seed funding round led by Outliers VC with participation from a group of angel investors. Founded in 2024 by Mohammed bin Ghanam and Ayman AlFifi, Grove is operating as a consumer brand in the fresh and agricultural produce sector. The […]
Saudi Arabia-based talent management SaaS provider Resquad AI has raised $1.5 million in a Seed funding round, led by SRG, with participation from a group of angel investors. Founded in 2024 by Abdullah Abdulaziz Al-Jafaari, Resquad AI offers AI-powered technical recruitment solutions through a SaaS platform and a global B2B marketplace for developers, enabling companies […]
Riyadh, Saudi Arabia – Merak Capital, a Saudi-based investment firm licensed by the Capital Market Authority, has led a SAR 2.2 million (USD 600,000) seed round in Khosouf Studio, a UAE-based independent game developer specializing in premium PC, console, and virtual reality titles. The investment was made through Merak Capital’s Gaming Fund, which aims to empower […]
Riyadh, Saudi Arabia: Jadwa Investment, a leading investment management and advisory firm in the Middle East, has announced the launch of its flagship private credit fund, Jadwa GCC Diversified Private Credit Fund, with a target size of up to SAR 750m (USD 200m). The fund has successfully completed its first close at over SAR 300m (USD […]
Funding led by top regional and global investors to fuel expansion of Saudi Arabia’s first enterprise data governance and AI decision-making platform, practically realizing Vision 2030’s AI ambitions. Riyadh, Saudi Arabia – 14th January 2026: Governata, Saudi Arabia’s first enterprise Data Management and Governance platform, has raised $4 million in Seed Funding from leading venture […]
RIYADH – Orion Resource Partners LP (“Orion”), a leading global investment firm specializing in mining and metals, and SNB Capital Company (¨SNB Capital”), Saudi Arabia’s leading capital market institution and a subsidiary of the Saudi National Bank, announced today that they have entered into a strategic partnership to support the development of the Kingdom’s mining and […]
Riyadh, Saudi Arabia – Mastercard announced a collaboration with STC Bank to empower the bank’s customers in the Kingdom – both consumers and businesses – with greater access to a broad range of cross-border payment services, leveraging Mastercard Move’s innovative money movement capabilities. In line with Vision 2030, the collaboration is fully geared towards transforming the […]