Riyadh, Saudi Arabia – January 22, 2026: EdfaPay is pleased to announce the official activation of its Smart SoftPOS services in the Saudi market, following the successful completion of the required technical approvals from the Payments Authorization Center at the Saudi Central Bank (SAMA), in accordance with the applicable compliance and security standards. This will […]
RIYADH – Orion Resource Partners LP (“Orion”), a leading global investment firm specializing in mining and metals, and SNB Capital Company (¨SNB Capital”), Saudi Arabia’s leading capital market institution and a subsidiary of the Saudi National Bank, announced today that they have entered into a strategic partnership to support the development of the Kingdom’s mining and […]
Riyadh, Saudi Arabia – Mastercard announced a collaboration with STC Bank to empower the bank’s customers in the Kingdom – both consumers and businesses – with greater access to a broad range of cross-border payment services, leveraging Mastercard Move’s innovative money movement capabilities. In line with Vision 2030, the collaboration is fully geared towards transforming the […]
AmwalPay has announced a strategic partnership with Bank Nizwa, reflecting a broader shift in how banks approach the enablement of digital payment services within the Sultanate of Oman. Under this partnership, AmwalPay enables Bank Nizwa to offer digital payment services to its merchants under the bank’s own brand, identity, and commercial framework. Bank Nizwa retains […]
RIYADH — Investment Minister Khalid Al-Falih said Saudi Arabia has succeeded in attracting 20 of the world’s top 30 banks as part of efforts to expand the presence and activity of major global asset managers and international banks to support the Kingdom’s banking sector. Speaking during a Shoura Council session on Monday, Al-Falih announced that […]
RIYADH — Point-of-sale (POS) transactions in Saudi Arabia reached 255.361 million during the period from Dec. 28, 2025, to Jan. 3, 2026, with a total value of SR17.016 billion, up from SR13.028 billion recorded in the previous week, according to the Saudi Central Bank. The central bank’s weekly POS bulletin showed that the transport sector […]
The platform continued its rapid momentum, surpassing seven million users in under a year and scaling further to over 10mln users within 17 months of operation. RIYADH – barq has cemented its position as the fastest-growing digital wallet in the region by download and usage rates, achieving record-breaking adoption milestones within an unprecedented timeframe. Since […]
Riyadh — Sahm Capital‘s in-app investor community has reached 6,000 weekly contributors within three months of its official launch, establishing itself as Saudi Arabia’s most active digital platform for market discussion and investor engagement. Launched in September 2025, Sahm Community is the first investor online community integrated directly into a CMA-licensed brokerage app in the Kingdom. […]
Riyadh, Saudi Arabia — Alraedah Finance has launched Alraedah Invest, a debt-based crowdfunding platform aimed at expanding access to financing for small and medium-sized enterprises (SMEs) across Saudi Arabia. The platform is designed to support businesses operating in high-activity sectors such as restaurants, cafés, retail, and services—segments that often face challenges securing funding through traditional […]
Riyadh, Saudi Arabia — Huawei today announced a new addition to its expanding wearable app ecosystem in Saudi Arabia with the launch of the Sahm Capital smartwatch trading app. The collaboration underscores Huawei’s ongoing commitment to enriching its all-scenario ecosystem and enhancing the digital lifestyle of consumers across the Kingdom. The Sahm Capital app brings real-time […]