SICO Capital, a leading provider of asset management, brokerage, and investment banking services in Riyadh and licensed by the Saudi Capital Market Authority (License No. 08096-37), announced today that it has completed the increase in its paid-up capital from SAR 60 million to SAR 100 million in the second quarter of 2025. This milestone reflects […]
Riyadh, KSA : Abhi, powered by Alraedah, has announced a strategic partnership with KABi, a leading Saudi human capital technology company, to provide employees within KABi-managed organizations with instant access to a portion of their earned wages through ABHI’s Earned Wage Access (EWA) solution. Through this partnership, KABi employees will be able to withdraw part of […]
Riyadh, Saudi Arabia – Mastercard Gateway is now certified to facilitate online transactions through SAMA’s New E-commerce Payments Interface. This certification will enable Mastercard Gateway to process ecommerce transactions through the New E-commerce Payments Interface locally and securely, providing local routing, tokenization, fraud prevention, and direct integration with the national payment scheme (mada). At a time […]
Riyadh, Saudi Arabia: Visa, a world leader in digital payments, BSF one of the leading banks in Saudi Arabia, and AlUla Moments the events and festivals platform of the Royal Commission for AlUla (RCU), have announced a strategic collaboration to provide BSF Visa cardholders with exclusive access to world-class sports, wellness, music, adventure, and lifestyle experiences in AlUla, […]
Riyadh, KSA: SNB Capital the largest asset manager and leading capital market institution in MENA, and Stake, MENA’s leading digital real estate investment platform, have announced a strategic partnership that will combine their complementary strengths to broaden investor access to high-quality real investment opportunities in the Kingdom. By leveraging SNB Capital’s track record of delivering tailored, […]
Riyadh, Saudi Arabia: Paymentology, the leading global issuer-processor, has announced the launch of PayCredit, an advanced credit ledger platform designed to help digital banks and financial institutions deliver tailored, feature-rich credit products faster and more efficiently. The launch comes as the GCC and Saudi Arabia witness rapid growth in digital banking, driven by Vision 2030’s financial […]
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 […]