Ajyad Capital, a leading Shari’ah-compliant investment firm established in Bahrain and licensed by the Central Bank of Bahrain since 2003, today announced a strategic partnership with Ratings Intelligence, a UK-based provider of Shari’ah advisory services. This collaboration will integrate advanced Shari’ah-compliance technology into Ajyad Capital’s upcoming fully digital trading application, made for investors throughout the […]
Source: Zawya New deal, which increases firm’s credit line, to help fund new ventures. Saudi Arabia’s Perfect Presentation for Commercial Services Co (2P) has increased its credit line with Arab National Bank. The listed firm signed a new financing deal with the lender, raising its facility to SAR 135 million ($35.9 million). The company said […]
Dubai, UAE — Ribh.AI has raised USD 3 million in growth capital with Ereele Capital and IronSharp Capital acting as lead sponsors in the fundraising. The capital supports the launch of the world’s first fine-tuned Large Language Model (LLM) trained fully on Sharia principles, built to transform Islamic Finance across all asset classes. Ribh.AI is […]
Starvania Studios creates fantasy-rich gaming experiences that explore bold, imaginative worlds, guided by depth, creativity, and a vision that extends beyond gameplay. Starvania Studios creates fantasy-rich gaming experiences that explore bold, imaginative worlds, guided by depth, creativity, and a vision that extends beyond gameplay. Their goal is to build unique, high-quality games that resonate with […]
Riyadh, Saudi Arabia – Gathern, the Kingdom’s leading vacation rental platform, has raised SAR 270 million ($72 million) in a Series B funding round led by Sanabil Investments, a wholly owned subsidiary of the Public Investment Fund (PIF). The round also saw participation from STV, Pinnacle Capital, Nuwa Capital, Endeavor Catalyst, and several strategic investors. […]
Wa’ed Ventures, Saudi Aramco’s $500 million venture arm, has invested $15 million in South Korean chipmaker Rebellions Inc., marking its first investment in South Korea and aiming to advance the AI industry in Saudi Arabia. The investment will help Rebellions, which is partnering with Samsung Electronics to develop a generative AI chip, establish a new […]
The new financing product aims to meet the financial needs of the bank’s customers and support individuals by offering quick financing solutions, flexible terms, and simple steps. Riyadh, Saudi Arabia: STC Bank has launched its first financing product, “Smart Finance” a fully electronic, Sharia compliant product, available within minutes and with a maximum limit of SAR […]
Fahy partners with Impact46 and Merak Capital to accelerate gaming innovation in Saudi Arabia. Investment fuels the development of high-quality, commercially successful mobile games. Fahy aims to contribute to Saudi Arabia’s vision of becoming a global gaming hub. Riyadh, Saudi Arabia – “Fahy”, a rising game development studio in Saudi Arabia, has secured strategic investment of […]
The Public Investment Fund also sold its stakes in Alibaba Group, Nu Holdings and FedEx. BANGALORE/DUBAI: Saudi Arabia’s almost $1 trillion sovereign wealth fund sold its stakes in several U.S.-listed companies – including Meta, Shopify and PayPal – in the second quarter, according to securities filings released on Thursday. The Public Investment Fund also sold […]
Riyadh, Saudi Arabia – MoneyDo, a leading Saudi digital real estate investment platform licensed by the Capital Market Authority, has announced the launch of its operations at King Abdullah Financial District (KAFD) — a premier financial center in the Middle East and North Africa, and the leading business and lifestyle hub in Riyadh. As the Kingdom’s […]