Riyadh, Saudi Arabia — Salica Investments’ Oryx Fund has announced a strategic investment in Amwal Tech, a rapidly growing Saudi fintech startup transforming the digital payments landscape through cutting-edge instalment and authentication solutions tailored for e-commerce. Amwal Tech enables seamless bank instalment payments via pre-approved credit limits, empowering customers to make smarter and more flexible […]
Riyadh – Franklin Templeton Financial Company (FTFC) and PIF today signed a non-binding memorandum of understanding (MoU) to partner in investing up to $5 billion to further develop Saudi Arabia’s financial markets. These investments may range across Saudi equity and fixed income strategies in the public and private markets, aiming to broaden investment offerings for both […]
Source: Google Riyadh, Saudi Arabia — Google has announced a strategic commitment to support Saudi Technology Ventures’ (STV) newly launched AI Fund, a dedicated initiative aimed at empowering AI-native startups across the Middle East and North Africa (MENA). This marks a major milestone in Google’s broader mission to ensure technology—particularly artificial intelligence—benefits everyone in the region. […]
WakeCap, a leading construction technology startup, has announced the successful closure of a $28 million funding round at the Saudi-US Investment Forum. The investment will support the company’s efforts to expand its services and enhance its technologies aimed at improving safety and productivity at construction sites. WakeCap specialises in developing wearable technology solutions that enable […]
Riyadh, Saudi Arabia – Hassana Investment Company (Hassana) and Franklin Templeton Financial Company (Franklin Templeton) have signed a Memorandum of Understanding (MoU) valued at USD 150 million to explore a strategic partnership related to investments in Saudi private credit opportunities. The partnership reflects a shared vision to mobilize institutional capital into the Saudi private sector and […]
Source: Arab News RIYADH: Wyld VC, a new early-stage venture capital firm founded by Saudi investor Tala Hasan Al-Jabri, has announced the launch of its inaugural $50 million fund — marking the first AI-native VC fund to emerge from the MENA region. The launch coincided with US President Donald Trump’s high-profile visit to Riyadh from […]
Manama, Bahrain:: ila Bank, powered by Bank ABC, has partnered with Mastercard to enhance the bank’s proposition across consumer products, launching new affluent, travel products and loyalty offerings. ila Bank will leverage Mastercard’s expertise to introduce loyalty program that supports cardholders’ lifestyle, providing added value across a wide range of areas, including dining, luxury shopping, […]
Riyadh, Saudi Arabia – Kilow, a Saudi-based digital health and weight management platform, has announced the successful closure of its $2.5 million seed funding round. The round was led by Sanabil Venture Studio by Stryber, a subsidiary of Sanabil Investments. Founded in 2024 by Fahed Al Essa, Kilow aims to revolutionize the healthcare experience in Saudi […]
Riyadh, Saudi Arabia — Nama Ventures Capital Co., one of the first foreign venture capital firms to become fully regulated under Saudi Capital Markets law, has received formal approval from the Capital Market Authority (CMA) to commence its investment management operations in the Kingdom. The milestone marks a significant strategic step as the firm reinforces its long-term commitment to the […]
The Mastercard Center for Inclusive Growth and the Bahrain’s Labour Fund (Tamkeen) today announced a strategic partnership to explore the launch of the first Mastercard Strive program in the Middle East, aimed at advancing financial and digital readiness for Small and Medium Enterprises (SMEs) in Bahrain. This landmark collaboration seeks to empower Bahraini SMEs and […]