Riyadh, Saudi Arabia – November 2025: The Saudi Central Bank (SAMA) has officially granted a license to Darb Pay for Information Technology to provide electronic wallet (e-wallet) solutions in the Kingdom. With this addition, the total number of licensed payment service providers operating under SAMA’s supervision now stands at 28. This move underscores SAMA’s ongoing […]
Riyadh, Saudi Arabia — The Saudi Central Bank (SAMA) has officially granted a license to Tabby Finance to conduct deferred payment (Buy Now, Pay Later) activities in the Kingdom, bringing the total number of licensed finance companies to 68. The move is part of SAMA’s ongoing efforts to strengthen the Kingdom’s financial sector, enhance the […]
Abdul Latif Jameel Finance, a leading financing provider regulated by the Saudi Central Bank (SAMA), has signed a Memorandum of Understanding (MoU) with Ant International to explore fintech collaborations aimed at enhancing digital financial services in the Kingdom. Headquartered in Singapore, Ant International provides digital payment and financial technology solutions to consumers and businesses around […]
Riyadh, Saudi Arabia — November 2025 The 2025 edition of Aion Connect, held in Riyadh, brought together over 200 senior leaders from banks, fintechs, family offices and investors to discuss the next frontier of Saudi Arabia’s digital financial transformation — moving from vision to performance. In a market where nearly $140 billion in shareholder value […]
stc group, the region’s leading digital enabler, announced the signing of a Memorandum of Understanding (MoU) with PayPal to explore collaboration in digital payments, customer loyalty, and venture investments across Saudi Arabia, Bahrain, and the broader Middle Eastern markets. The announcement was made during the Future Investment Initiative (FII) 2025 in Riyadh, underscoring the Kingdom’s […]
New Regional Headquarters: Citi officially opened its new Regional Headquarters (RHQ) Office at Kingdom Tower in Riyadh, Saudi Arabia, on October 25, 2025. Regional Headquarters Licence: This move follows Citi receiving its RHQ license in November 2024 and aligns with Saudi Arabia’s initiative encouraging companies to establish a regional headquarters. Youth Employment Program: The Citi Foundation also announced a $500,000 grant to […]
New partnership with Waseel Investment and renewed backing from Shorooq, underscore investor confidence in COLABS’ cross-border vision. Aligned with Vision 2030, the expansion aims to accelerate entrepreneurship, create jobs, and attract new investment flows between Saudi Arabia and Pakistan. A bridge between Saudi and Pakistani ecosystems, COLABS will help companies launch, scale, and operate through […]
Barclays has received a provisional Capital Market Authority (CMA) licence, secured premises in King Abdullah Financial District, and will open its Riyadh office in 2026, expanding its presence in Riyadh as part of its broader Middle East growth strategy Mohammed Al-Sarhan will join as an Independent Non-Executive Chairman of the Board for Barclays’ Saudi Arabia […]
Fraser replaces Steve Demetriou, former CEO of engineering contractor Jacobs, who held the role from 2018 to 2024. The U.S.-Saudi Business Council has named Citigroup CEO Jane Fraser as U.S. co-chair of its board, representing the United States. Fraser replaces Steve Demetriou, former CEO of engineering contractor Jacobs, who held the role from 2018 to […]
Riyadh, Saudi Arabia – Franklin Templeton, one of the world’s largest global asset managers, is delighted to announce that it has successfully registered eight actively- managed global funds following approval from the Saudi Capital Market Authority (CMA) for qualified investors. The registered funds cover a broad spectrum of sectors and geographies representing the breadth of the […]