Gives merchants in Saudi Arabia local access to CyberSource for payment processing, fraud management and other solutions Supports mada card payments and advances Saudi Vision 2030’s digital economy goals Riyadh, Saudi Arabia: Visa, a global leader in digital payments, today announced that the Visa Acceptance Platform is now hosted on local cloud in Saudi Arabia — […]
KSA’s financial sector is moving quickly toward data-driven lending. AdalFi’s latest figures highlight why the region is ready. The company has enabled more than $200M in loans through partner banks with defaults steady at 0.2%. Its AI scoring engine has processed 1.2B+ transactions, evaluated 30M+ borrowers and continuously learns from 50K+ monthly repayment outcomes. The […]
AdalFi has reinforced its presence in the Kingdom with two senior hires designed to balance rigorous risk with enterprise-grade delivery. Ian Read joins as Head of Credit Excellence and Emre Unlusoy becomes Head of Sales for MEA. The appointments align with the goals of Vision 2030 as banks in KSA scale digital lending and widen […]
RIYADH, Kingdom of Saudi Arabia: Riyad Capital, the leading Saudi IB Advisor and a leading asset manager within Saudi Arabia and the GCC region, today announced the successful issuance of a SAR 500 million Saudi Riyal denominated sukuk for Sumou Global Investment Company (“Sumou”) a first of its kind for the Saudi Real Estate sector. Sumou […]
Riyadh, Saudi Arabia: The Saudi Real Estate Refinance Company (SRC), a PIF company, has announced the launch of the Kingdom’s first Residential Mortgage-Backed Securities (RMBS). This landmark transaction forms part of SRC’s efforts to develop the capital markets and enhance liquidity in the real estate finance sector by introducing, for the first time in the Saudi […]
The Public Investment Fund also sold its stakes in Alibaba Group, Nu Holdings and FedEx. BANGALORE/DUBAI: Saudi Arabia’s almost $1 trillion sovereign wealth fund sold its stakes in several U.S.-listed companies – including Meta, Shopify and PayPal – in the second quarter, according to securities filings released on Thursday. The Public Investment Fund also sold […]
Riyadh, Saudi Arabia — August 8, 2025 — Flooss, a leading digital lending platform, has officially secured its operating license from the Saudi Central Bank (SAMA), marking a significant regulatory milestone in its journey to redefine financial access across the Kingdom and the wider GCC region. The license paves the way for Flooss to expand […]
Among the first to receive the UAE Central Bank’s Open Finance IPA Lean is helping shape a new era of connected financial services, enabling faster payments, broader access to credit, and greater inclusion across the UAE Over $2B processed to date through 1M+ connected accounts Dubai, UAE – Lean Technologies (Lean), the MENA region’s leading financial […]
RIYADH, SAUDI ARABIA: Apple announced the expansion of Apple Retail into the Kingdom of Saudi Arabia with the launch of the Apple Store online and Apple Store app, introducing support directly from Apple in Arabic for the very first time. The arrival of the online store marks a new era for customers in Saudi Arabia, […]
Till July 21, 2025: Applications are open for the chance to secure funding, mentorship, and national exposure. Three winners will be awarded a share of USD 60,000 in equity-free grants Haya Sawan, one of Saudi Arabia’s leading fitness experts and a prominent wellness entrepreneur, joins as the program’s mentor Riyadh, Saudi Arabia: Visa (NYSE: V), a […]