RIYADH: Saudi banks recorded a significant 21 percent year-on-year increase in credit card loans during the second quarter of 2024, with the total reaching SR30.04 billion ($8.01 billion), according to data released by the Saudi Central Bank (SAMA). This figure represents the highest quarterly increase on record and the most substantial annual growth observed in […]
Riyadh, Saudi Arabia – Lendo, a leading financial services provider based in Riyadh, has announced a groundbreaking partnership with the Ministry of Industry and Mineral Resources. This strategic alliance aims to introduce innovative financing solutions designed to drive growth and sustainability within the Kingdom’s industrial sector. The collaboration marks a significant milestone in advancing industrial […]
Riyadh – The Saudi Mortgage Guarantees Company (Damanat) has forged significant global partnerships aimed at bolstering the Kingdom’s real estate mortgage market. The agreements were finalized during a recent visit to the United States, where Damanat was part of the official delegation led by Minister of Municipalities and Housing, Majed bin Abdullah Al-Hogail. Hossam Y. […]
Manama, Bahrain – August 27, 2024 — CoinMENA B.S.C., a leading crypto asset platform licensed by the Central Bank of Bahrain, along with its sister company CoinMENA FZE, regulated by the Dubai Virtual Asset Regulatory Authority (VARA), has announced a strategic partnership with Bitpanda Technology Solutions, the premier digital assets infrastructure provider. This collaboration is […]
In a groundbreaking move, BSF has announced the signing of a cooperation agreement with the Cultural Development Fund, setting the stage for the launch of the Kingdom’s first-ever “Cultural Finance” program. This innovative financing solution is designed to empower companies across all sixteen cultural sectors, with a particular emphasis on micro, small, and medium enterprises […]
Riyadh, Saudi Arabia – August 21, 2024: Arab National Bank (ANB) has signed a strategic cooperation agreement with the Cultural Development Fund (الصندوق الثقافي) to provide tailored financing solutions for micro, small, and medium-sized enterprises (MSMEs) within the cultural sector. This collaboration aims to empower and support the growth of cultural enterprises across Saudi Arabia […]
Riyad, Saudi Arabia – Geidea, a leader in fintech innovation, is excited to announce a strategic partnership with Lean Technologies. This collaboration is designed to accelerate transaction digitization and elevate Geidea’s technological and financial solutions. The partnership enables Geidea to offer seamless IBAN verification without the need for physical documentation, providing customers with a fast, […]
Riyadh, Saudi Arabia – neoleap, a leading financial technology company, has announced the signing of a strategic partnership agreement with Primary for Cashier System. This collaboration is set to empower Primary’s customers by integrating neoleap’s cutting-edge solutions, enabling them to accelerate business growth and enhance operational efficiency. The partnership will allow Primary’s clientele to leverage […]
Riyadh, Saudi Arabia – Resal, a leading Saudi company specializing in digital cards, rewards solutions, and loyalty programs, has successfully closed a $9 million investment round. This round saw participation from prominent investors, including Derayah Ventures Fund, Al-Wafrah AlThanya Investment Company, Venture Souq FinTech Fund, ADDiriyah Asset Management, Nomad Holdings, Bugshan Investment Group, and a […]
Riyadh, Saudi Arabia – August 19, 2024 – Asas Specialised Information Technology, the parent company behind the innovative Resquad AI platform, today announced the successful closure of a SAR 1.2 million pre-seed funding round. The investment, secured from prominent angel investors, is set to accelerate the company’s growth and further enhance its pioneering solutions, which […]