Riyadh, Saudi Arabia – Saudi Venture Capital (SVC) has announced its investment in Khwarizmi Venture Capital Fund 2, managed by Khwarizmi Capital, an entity licensed by the Capital Market Authority of Saudi Arabia. The fund focuses on Seed-to-Series A investments in high-growth tech and tech-enabled startups. While sector-agnostic, the fund sees strong potential in fintech, e-commerce, […]
New initiative gives banks, brokers, fintechs, and asset managers API access, developer documentation, and client-accessible source code to build branded trading journeys on top of ZagTrader’s proven infrastructure layer. Dubai, June 10 – ZagTrader, the capital markets technology provider, today announced the launch of Build on ZagTrader, a strategic initiative that repositions ZagTrader as the […]
From Bahrain and the UAE to Saudi Arabia and Oman, how Gulf payment companies have helped build the merchant acquiring, POS, and payment gateway ecosystems that support today’s digital economy. Over the past decades, the Gulf Cooperation Council (GCC) has experienced significant growth in digital payments, driven by economic expansion, e-commerce adoption, and the region’s […]
RIYADH, The Kingdom of Saudi Arabia – June 04, 2026: Saudi Venture Capital (SVC) announced the appointment of Ms. Nora Alsarhan as Chief Executive Officer, pursuant to a Board of Directors resolution issued during its meeting held on June 3, 2026. Ms. Alsarhan will officially assume her role effective July 1, 2026. The appointment is […]
SAB Invest, the investment arm of Saudi Awwal Bank (SAB), and Retal Urban Development Company today announced the launch of the Real Estate Fund – a SAR1.9 billion CMA-regulated real estate investment fund. In a statement, the company said the fund is structured to optimize capital efficiency and risk management, with SAB committing financing of […]
Jeddah, Saudi Arabia: Alkhabeer Capital, a Saudi asset manager and investment firm with a diversified Shari’ah-compliant offerings across private equity, real estate, capital markets and brokerage, has been recognized by Great Place to Work® Middle East as the Best Workplace in Saudi Arabia’s financial sector category for the 14th consecutive year, while also being named the […]
Saudi-listed banks posted a combined net profit of 24 billion Saudi riyals ($6.4 billion) in the first quarter of 2026, marking an 8% year-on-year (YoY) increase and surpassing market consensus estimates by 3%, according to a new report by Alrajhi Capital. The earnings growth was primarily driven by strong performances from Al Rajhi Bank, Saudi […]
Riyadh: Kreab, a global advisor in strategic communications, has launched its first regional office in the Middle East in Riyadh under the name “Kreab Saudi Arabia,” in a move that reflects the company’s commitment to strengthening its presence in the Saudi market and positioning the Kingdom as a strategic hub for managing its regional expansion plans. […]
Saudi Arabia-based fintech startup Arib has raised US$23.5 million in a new funding round led by Merak Capital, as the company looks to strengthen its position in the Kingdom’s rapidly growing digital finance sector. The funding round also included Sharia-compliant Murabaha financing facilities, highlighting increasing investor interest in Islamic fintech solutions and digital lending services […]
DHAHRAN, Saudi Arabia – Aramco, one of the world’s leading energy and chemicals companies, in partnership with Pasqal, a global leader in neutral-atom quantum computing, today officially inaugurated the Kingdom of Saudi Arabia’s first quantum computer. Aramco and Pasqal also unveiled the first commercial Quantum Computing as a Service (QCaaS) platform in the Middle East, opening a […]