Mr. Abdullah bin Sulaiman Al Rajhi, Chairman of the Board of Directors of alrajhi bank, announced that the bank achieved net profits of 19,722 million Saudi Riyals for the year 2024, reflecting a growth rate of 19% compared to 16,621 million Riyals in 2023. Total operating income reached 32,055 million SAR, with a growth of […]
Ramallah, Palestine (29/01/25) – Ibtikar Fund is excited to announce its investment in Nabeeh, a game-changing PropTech startup revolutionizing maintenance and cleaning services for property owners, real estate operators, and multi-branch businesses through cutting-edge technology and on-demand innovation. This investment underscores Ibtikar Fund’s strategy of supporting innovative and scalable startups that address real market needs and deliver […]
Saudi Arabia-based startup UpLevel has successfully raised an undisclosed pre-seed investment round from angel investors, marking a significant milestone in its mission to enhance professional development and institutional performance. Founded in 2024 by Idris Alshaya and Hamad Al-Lahaidan, UpLevel provides smart solutions designed to empower individuals and organizations through specialized career guidance, innovative coaching, and […]
STC Bank, a subsidiary of state-owned Saudi Telecom Company (stc Group), is set to launch operations as a full-fledged digital bank in the kingdom. The Saudi Central Bank (SAMA) has granted “no objection” for STC Bank to offer digital banking services to customers in the Gulf state. Formerly known as stc pay that mainly offered […]
23rd January 2025, Riyadh, Saudi Arabia – Saudi Fransi Capital (BSF Capital), a leading Capital Markets Institution in Saudi Arabia, announced it is partnering with BlackRock, the world’s largest Asset Management firm.The collaboration aims to integrate BSF Capital’s deep local insights and market knowledge leveraging BlackRock’s global expertise in Asset Management and Investment Advisory services. […]
Riyadh, Saudi Arabia: Foz App, a Saudi-based application specializing in innovative marketing solutions through digital coupons for the business sector, has successfully closed a SAR 2 million pre-seed funding round in the fourth quarter of 2024. The funding was secured from a group of bold investors, reflecting strong confidence in the company’s vision and growth […]
RIYADH, Saudi Arabia–(BUSINESS WIRE/AETOSWire)– 500 Global, a leading global venture capital firm, today announced the launch of 500 MENA, L.P. (the “Fund”), a new fund dedicated to investing in high-growth technology startups across the Middle East and North Africa (MENA) region both from outside and inside the current 500 Global portfolio. This strategic move positions 500 Global […]
Riyadh, Saudi Arabia – Ebana | إبانة, a pioneering provider of investor relations management services for closed and simplified joint stock companies, has successfully secured SAR 10 million in a Pre-Series A investment round. The round was led by Isnad Law Firm, marking a significant milestone in Ebana’s journey to enhance business governance through digital […]
Ibtikar Fund and Flat6Labs Announce Co-Investment in DataQueue, the AI Innovator Transforming Industries Ramallah, Palestine, 21/01/2025 – Ibtikar Fund and Flat6Labs Jordan Seed Fund are proud to announce their joint investment in DataQueue, a leading AI solutions provider poised to revolutionize the artificial intelligence landscape. This partnership underscores both funds’ commitment to supporting innovative startups […]
Arable, a Saudi-based AgriTech startup co-founded by Lawrence Ong (CEO) and Christina Khalife (COO), with the collaboration of Executive Partners Marc and Anthony Eid, has announced the successful closure of a $2.55 million (SAR9.75 million) Seed funding round to pioneer sustainable hydroponic farming in the Kingdom. The round included participation from institutional and private investors, […]