Riyadh, Saudi Arabia – Sukna Capital has received official approval from the Saudi Capital Market Authority (CMA) to launch Sukna Fund for Direct Financing. SFDF is KSA’s first open-ended, sharia compliant direct lending fund—marking a regulatory milestone for non-bank financing in MENA. As a CMA-licensed alternative asset investment platform, Sukna is now authorized to offer institutional […]
Riyadh, KSA: Lucidya, the leading AI-powered customer experience management (CXM) platform in MENA, has announced the successful close of its USD30 million Series B round, making it the largest AI investment ever raised in the region. The round was led by Impact46, the Saudi VC behind IPOs like Jahez and Rasan. New participants included Wa’ed Ventures, […]
Saudi Arabia, Riyadh: 14 July 2025 – Yasmina, the pioneering embedded insurance platform based in Riyadh, has successfully secured $2M in Seed funding. Scene Holding led the round, co-led by Access Bridge Ventures, with participation from Arzan VC and early backing from the Sanabil Investment Accelerator by 500 MENA. Founded in 2023 by Masoud Alhelou […]
The partnership comes at a time when consumers are increasingly seeking payment methods that deliver both flexibility and transparency. Seamless integration of Tamara will enable businesses in the UAE and KSA to provide flexible payment options, generate broader customer reach, and enhance customer conversion rates Merchants in the Amazon Payment Services network now have even […]
Jahez Group signs an agreement to acquire a 76.56% stake in Snoonu, Qatar’s fastest-growing technology company and a key player in the country’s e-commerce and on-demand delivery sector. The USD 245 million ($ 919 million) transaction is expected to unlock significant technological and operational synergies, positioning the combined group for value accretive growth in the […]
Saudi Arabia-based software startup Rekaz has secured $5 million in a seed funding round led by COTU Ventures, with participation from Impact46, Shorooq, Numrah Capital, and a group of angel investors. The company will use the funding to scale its AI-powered platform, enhance product capabilities, and expand across the GCC and broader MENA markets. Software […]
The investment aligns with stc group’s strategy to expand its digital finance footprint and support high-growth platforms shaping capital access. Tali Ventures, stc group’s corporate venture capital arm, has led a strategic funding round in Tarmeez Capital, a Saudi fintech innovating in the fast-growing sukuk and debt instruments market. Tarmeez has facilitated over SAR 2 […]
Ruya Partners, a leading private credit investment firm in the GCC, is pleased to announce the closing of a $15 million (SAR 55 million) private credit investment in TruKKer Holding Limited, the largest digital freight and logistics platform across the Middle East, North Africa, and Central Asia. The transaction marks the sixth investment from Ruya […]
This recognition showcases KAFD’s commitment to setting new benchmarks in urban development. Riyadh—The King Abdullah Financial District Development and Management Company (KAFD DMC) announced that it was awarded a Guinness World Record for the world’s largest continuous pedestrian skyway network. This recognition showcases KAFD’s commitment to setting new benchmarks in urban development and its commitment […]
Saudi Arabia-based platform Flawless has raised $1.5 million in pre-seed funding, backed by unnamed angel investors focused on early-stage innovation. Founded by Shaimaa Alghamdi, the platform uses generative AI and social psychology to offer personalised career guidance. The company originated as a blog in 2023 and transformed into a full-fledged digital startup in 2024, targeting unmet demand […]