Bank Aljazira Announces New Leadership and Reports Strong Financial Performance Riyadh, Saudi Arabia – Bank Aljazira has announced the appointment of Abdulmajeed bin Ibrahim Al Sultan as the Chairman of its Board of Directors for a three-year term. Mohammed bin Saad bin Dawood has been named Vice Chairman, and Naif Abdulkareem Al Abdulkareem will serve […]
MUSCAT: Innovation-driven BankDhofar ,The second largest bank in the Sultanate of Oman in terms of the number of branches , has taken a pioneering step in the country’s financial sector by introducing the Swift Global Payments Initiative (GPI). This cutting-edge solution, now seamlessly accessible to customers through BankDhofar’s channels, makes it the first bank in Oman […]
Riyadh: Najm for Insurance Services has signed a Memorandum of Understanding (MoU) with Theeb Rent a Car Company to enhance joint cooperation and improve vehicle rental and repair services in line with the highest quality standards. This collaboration aims to promote traffic safety and protect road users as well as vehicle renters. The signing ceremony took […]
January 7, 2025 Riyadh, Saudi Arabia – Revie, the tech-enabled platform revolutionizing home and commercial renovation in Saudi Arabia, is proud to announce the successful closure of a $2.5M seed funding round led by Sanabil Venture Studio by Stryber. This investment marks a significant milestone for Revie, enabling the company to accelerate its mission of […]
Riyadh, Saudi Arabia — Jeel Pay, a leading Saudi fintech company specializing in educational financing solutions, has successfully closed its SAR 25 million Pre-Series A funding round. The round was led by JOA Capital, with participation from Aljazira Capital, aimed at bolstering the company’s expansion and the development of innovative digital solutions tailored to meet […]
Zension Technologies Secures $30 Million in Series A Funding Backed by Aramco’s Wa’ed Ventures and Sumitomo Corp Riyadh-based consumer electronics startup Zension Technologies has successfully raised $30 million in a Series A funding round, led by Saudi Aramco’s early-stage venture fund Wa’ed Ventures, Japanese conglomerate Sumitomo Corp., and Dubai-based Global Ventures. This investment defies a […]
Riyadh, Saudi Arabia – The Saudi Central Bank (SAMA) has announced the licensing of HyperPay Inc. Saudi Arabia for Information Systems Technology, enabling the company to provide payment services through electronic wallets. This latest approval brings the total number of licensed payment service providers in the Kingdom to 27, reflecting SAMA’s continued efforts to enhance […]
Led by Saudi venture studio Value Makers Studio (VMS), in collaboration with the Economic Development Centre and the Madinah Chamber of Commerce, and under the patronage of HH Prince Salman bin Sultan bin Abdulaziz, Governor of Al Madinah Region, Al Madinah Ventures program has been launched in the Kingdom of Saudi Arabia to enhance entrepreneurship, innovation, and investment […]
Riyadh, Saudi Arabia – The Saudi startup “Vreal” has successfully raised a Pre-Seed investment round from “Numu Angels Investment Community,” marking a significant milestone in its journey to develop innovative technological solutions for the e-commerce sector. This strategic investment comes amidst the rapid expansion of e-commerce markets, highlighting the increasing demand for enhanced digital shopping […]
Riyadh, Saudi Arabia – January 2, 2025: Vision Bank, formerly known as the Saudi Digital Bank, has announced the launch of the pilot phase of its banking operations after receiving a no-objection certificate from the Saudi Central Bank. This milestone marks a significant step in Vision Bank’s journey toward realizing its strategic goals and underscores […]