Riyadh, KSA — Syarah, a leading e-commerce platform in Saudi Arabia’s automotive sales sector, has successfully closed a Series C funding round, securing SAR 225 million (USD 60 million). The funding was led by Artal Financial through its Artal Growth Opportunities Fund, with additional backing from prominent investors including Elm Company, Impact46, Tawuniya Insurance, Derayah […]
Riyadh, Saudi Arabia – : Thakaa Med, a pioneering AI-driven healthcare innovator and a proud member of the Falak Angels Alumni, has successfully secured its first seed round investment through a syndicate led by Falak Angels. This strategic capital infusion will be instrumental in accelerating the enhancement of Thakaa Med’s advanced AI models and supporting […]
Riyadh, Saudi Arabia – Ejaro, a leading car-sharing platform, has announced a strategic partnership with Najm Company for Insurance Services, aimed at revolutionizing the digital landscape in the automotive insurance and transportation sectors. This collaboration is poised to set new benchmarks in customer experience, data integration, and safety, in line with the objectives of Saudi […]
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, […]