The Saudi Central Bank (SAMA) and Ant International have signed an agreement to enable the acceptance of Alipay+ payments by 2026 through the National Payment System (mada) in Saudi Arabia. The announcement was made during the Money20/20 Middle East conference held in Riyadh International Convention and Exhibition Center. This agreement is part of SAMA’s ongoing […]
The Saudi Central Bank (SAMA) announces the launch of Google Pay, one of Google’s products, through the national payment system (mada) in Saudi Arabia, unveiled during the Money20/20 Middle East Conference and Exhibition at the Riyadh Exhibition & Convention Center in Malham. This initiative is part of SAMA’s ongoing efforts to enhance the digital payments […]
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 […]
Since its establishment in 2021, SNB Capital has successfully closed 100 investment banking transactions exceeding SAR 750 billion (USD 200 billion) in size This achievement reflects deep investor confidence, supportive regulations, and resilience of Saudi Arabia’s capital markets in enabling transformative transactions SNB Capital’s has executed some of the region’s most significant, first of a […]
The new financing product aims to meet the financial needs of the bank’s customers and support individuals by offering quick financing solutions, flexible terms, and simple steps. Riyadh, Saudi Arabia: STC Bank has launched its first financing product, “Smart Finance” a fully electronic, Sharia compliant product, available within minutes and with a maximum limit of SAR […]
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 […]