Funding will accelerate its mission to build AI models and tools tailored to Arabic dialects, deepen its enterprise capabilities and accelerate MENA expansion September 2nd, 2025 – Intella, the market leader in dialectal Arabic speech intelligence, today announced it has closed $12.5 million in an oversubscribed Series A round led by Prosus, with participation from […]
RIYADH, Kingdom of Saudi Arabia: Riyad Capital, the leading Saudi IB Advisor and a leading asset manager within Saudi Arabia and the GCC region, today announced the successful issuance of a SAR 500 million Saudi Riyal denominated sukuk for Sumou Global Investment Company (“Sumou”) a first of its kind for the Saudi Real Estate sector. Sumou […]
HP partners with Exel by Merak to drive talent development, industry collaboration, and innovation in Saudi Arabia’s gaming sector. This partnership integrates HP’s courses and learning programs into the Exel Gaming Accelerator to equip founders and developers with skills in game design, coding, and AI-powered game development. The National Development Fund oversees the support of […]
Sheba Joy, a Riyadh-headquartered mobile gaming studio, has raised $293,000 (SAR 1.1 million) in a pre-seed round led by Merak Capital, a Saudi venture capital firm. Founded in 2021 in Dubai Silicon Oasis, Sheba Joy has since relocated its headquarters to Riyadh in alignment with Saudi Arabia’s Vision 2030 to become a global gaming hub. […]
Riyadh, Saudi Arabia: The Saudi Real Estate Refinance Company (SRC), a PIF company, has announced the launch of the Kingdom’s first Residential Mortgage-Backed Securities (RMBS). This landmark transaction forms part of SRC’s efforts to develop the capital markets and enhance liquidity in the real estate finance sector by introducing, for the first time in the Saudi […]
Since its establishment in 2021, SNB Capital has successfully closed 100 investment banking transactions exceeding SAR 750 billion (USD 200 billion) in size This achievement reflects deep investor confidence, supportive regulations, and resilience of Saudi Arabia’s capital markets in enabling transformative transactions SNB Capital’s has executed some of the region’s most significant, first of a […]
Riyadh – Zetta, a Saudi Arabia-based Device-as-a-Service (DaaS) company, has announced the successful closing of a $12 million investment round led by Core Vision Investment and Ab’ad Al-Watan Investment. Founded in 2023 by Faisal Al Abdulsalam, Tabreez Mohiuddin, Waleed Altheeb, and Saeeduddin Shah, Zetta offers businesses access to devices through a subscription model with flexible […]
Saudi fintech Blomal Capital has raised a pre-seed round investment round (amount undisclosed) from Falak Investment Hub. Founded in 2022 by Abdulaziz Baraqabah, Munthir Alrehaili, Abdulrahman Akram, and Bilal Abduljawad, Blomal is building a digital-first platform for public and private fund access. Falak Investment Hub has announced its investment in Blomal Capital, a Saudi-based fintech startup focused […]
Spoilz specializes in culturally relevant multiplatform games, and aims to transform Saudi Arabia into a global gaming powerhouse. The company has secured funding from a group of investors, including participation from Merak Capital, to accelerate game development, strengthen technical infrastructure, and expand LiveOps and B2B services tailored for the MENA region Merak Capital’s participation underscores […]
Riyadh, August 23, 2025 — Saudi venture capital firm Impact46 has announced its largest investment to date, committing more than SAR 200 million ($53 million) to Kammelna Studio, the Dammam-based developer behind the Kingdom’s most popular culturally rooted games, including Baloot and Jackaroo. Kammelna has emerged as a market leader in culturally inspired Saudi games, […]