Riyadh, Saudi Arabia — Saudi-based insurtech startup Najeeb.ai has successfully raised an undisclosed pre-seed funding round from a group of local and regional angel investors, marking a key milestone in its mission to enhance the efficiency and transparency of the insurance sector through artificial intelligence. Founded in 2023 by Ahmed Yasmina and Hammam Homsi, Najeeb.ai […]
New Regional Headquarters: Citi officially opened its new Regional Headquarters (RHQ) Office at Kingdom Tower in Riyadh, Saudi Arabia, on October 25, 2025. Regional Headquarters Licence: This move follows Citi receiving its RHQ license in November 2024 and aligns with Saudi Arabia’s initiative encouraging companies to establish a regional headquarters. Youth Employment Program: The Citi Foundation also announced a $500,000 grant to […]
New partnership with Waseel Investment and renewed backing from Shorooq, underscore investor confidence in COLABS’ cross-border vision. Aligned with Vision 2030, the expansion aims to accelerate entrepreneurship, create jobs, and attract new investment flows between Saudi Arabia and Pakistan. A bridge between Saudi and Pakistani ecosystems, COLABS will help companies launch, scale, and operate through […]
Barclays has received a provisional Capital Market Authority (CMA) licence, secured premises in King Abdullah Financial District, and will open its Riyadh office in 2026, expanding its presence in Riyadh as part of its broader Middle East growth strategy Mohammed Al-Sarhan will join as an Independent Non-Executive Chairman of the Board for Barclays’ Saudi Arabia […]
Velents.ai, a rising startup specializing in enterprise AI solutions, has closed a $1.5 million funding round as it unveils Agent.sa, the first fully integrated Arabic-speaking AI employee designed for companies across the Middle East. The round attracted prominent angel investors, including senior executives from Google, BCG, and other global firms. Velents is already preparing for […]
Fraser replaces Steve Demetriou, former CEO of engineering contractor Jacobs, who held the role from 2018 to 2024. The U.S.-Saudi Business Council has named Citigroup CEO Jane Fraser as U.S. co-chair of its board, representing the United States. Fraser replaces Steve Demetriou, former CEO of engineering contractor Jacobs, who held the role from 2018 to […]
Riyadh, Saudi Arabia – Franklin Templeton, one of the world’s largest global asset managers, is delighted to announce that it has successfully registered eight actively- managed global funds following approval from the Saudi Capital Market Authority (CMA) for qualified investors. The registered funds cover a broad spectrum of sectors and geographies representing the breadth of the […]
Riyadh, Saudi Arabia – Merak Capital, a Saudi-based investment firm licensed by the Capital Market Authority, announced a SAR 100 million (USD 26.7 Million) strategic investment in Arsann, the Kingdom’s leading operator of smart parking and mobility infrastructure. The investment marks a major step in modernizing Saudi Arabia’s urban infrastructure and optimizing city mobility through data […]
In May last year, the U.S. bank obtained a licence to set up its regional headquarters in Riyadh, where it has had an office since 2008. Goldman Sachs is setting up a private wealth management team in Saudi Arabia, it said on Tuesday, as it boosts its offer in the Middle East to serve a […]
Riyadh — (ARAB NEWSWIRE) – Sahm Capital, a fast-growing fintech-driven financial company, announced its collaboration with Nasdaq Data as the first CMA-licensed financial company in the MENA region to launch Nasdaq TotalView® and introduce the Sahm – Nasdaq Investor Education Program. This landmark moment was celebrated on the Nasdaq Tower billboard in New York’s Times Square, […]