BNP Paribas has received investment registration for a regional headquarters in Saudi Arabia, marking another step in the French banking group’s expansion in the Kingdom and the wider Middle East. The registration provides BNP Paribas with a base from which to expand its operations across Saudi Arabia and regional markets. However, the registration does not […]
RIYADH, SAUDI ARABIA — Raff, a Saudi-based technology platform simplifying distribution and inventory management by connecting consumer brands directly with retailers, today announced the closing of its $1.7 million pre-seed funding round, led by Vision Ventures, with participation from 500 Global, Palm VC, Oqal Group, Salman Butt (Co-founder of Salla), among others. The funding will support Raff’s […]
Riyadh, Saudi Arabia; SNB Group, in collaboration with Mastercard, today announced the launch of the SNB World Legend Mastercard, becoming the first financial institution in the Middle East and North Africa to to offer Mastercard’s most prestigious card tier to its Private Banking clients. The launch reflects SNB Group’s continued commitment to delivering innovative banking solutions and […]
RIYADH, SAUDI ARABIA: AILA, a Saudi education technology company focused on AI-powered personalized learning, has raised US$3 million in a Pre-Series A funding round. The round was led by Rua Growth Fund, with participation from Jo Academy, 500 Global, Bunat VC, and Fikr Ventures. Jo Academy, a leading EdTech pioneer in Jordan with a growing […]
Riyadh, Saudi Arabia — Saudi Arabia-based investment firm Pinnacle has launched a venture capital fund focused on growth-stage technology companies and secondary investment opportunities in the Kingdom, aiming to address growing demand for growth capital and liquidity in the country’s maturing venture ecosystem. The fund will invest through both primary funding rounds and secondary transactions, […]
Riyadh, Saudi Arabia, August 13th, 2026: barq and Riyadh Air have signed a strategic agreement to develop a comprehensive payment technology solution for the airline. The long-term partnership will support Riyadh Air’s commercial operations through an integrated, secure, and scalable payments ecosystem. Under the agreement, barq will support Riyadh Air in developing payment capabilities across the […]
Active investment strategy focused on long-term structural growth themes, including artificial intelligence, cloud computing and next-generation technologies Riyadh, Kingdom of Saudi Arabia– SAB Invest announced the launch of the SAB Invest Global Select Equity Fund, a new open-ended, Shariah-compliant public fund designed to provide investors with access to a concentrated portfolio of exceptional global companies expected […]
JEDDAH, Saudi Arabia — Saudi Arabia-based game development studio Majestic Mind Games has raised $1.45 million in a funding round co-led by Merak Capital and Impact46, as the company looks to develop original video games for international markets. Founded in 2023 by Lujain Albukhari and Majed Anbar, Majestic Mind Games is based in Jeddah and […]
Infinite Business Solutions (IBS), the Dubai-headquartered FinTech company founded by Jordanian entrepreneurs Ibrahim Darraz and Mohammad Al-Azzeh, continues to strengthen its position as one of the region’s leading digital transformation enablers, powering millions of secure transactions every month across more than 10 countries throughout the Middle East and Africa. With Saudi Arabia representing its largest […]
Riyadh, Saudi Arabia: Point-of-sale (POS) spending in Saudi Arabia surged approximately 33 percent week on week to SR16.31 billion during the period from July 26 to August 1, 2026, reflecting continued growth in consumer spending and digital payment activity across the Kingdom. According to the latest weekly POS bulletin from the Saudi Central Bank (SAMA), […]