AmwalPay has announced a strategic partnership with Bank Nizwa, reflecting a broader shift in how banks approach the enablement of digital payment services within the Sultanate of Oman. Under this partnership, AmwalPay enables Bank Nizwa to offer digital payment services to its merchants under the bank’s own brand, identity, and commercial framework. Bank Nizwa retains […]
RIYADH — Investment Minister Khalid Al-Falih said Saudi Arabia has succeeded in attracting 20 of the world’s top 30 banks as part of efforts to expand the presence and activity of major global asset managers and international banks to support the Kingdom’s banking sector. Speaking during a Shoura Council session on Monday, Al-Falih announced that […]
RIYADH — Point-of-sale (POS) transactions in Saudi Arabia reached 255.361 million during the period from Dec. 28, 2025, to Jan. 3, 2026, with a total value of SR17.016 billion, up from SR13.028 billion recorded in the previous week, according to the Saudi Central Bank. The central bank’s weekly POS bulletin showed that the transport sector […]
The Capital Market Authority (CMA) announces the opening of the capital market to all categories of foreign investors and enabling them to invest directly therein as of 1 February 2026, following the CMA Board’s approval of the regulatory framework allowing non-resident foreign investors to invest directly in the Main Market. Accordingly, the capital market, across […]
The platform continued its rapid momentum, surpassing seven million users in under a year and scaling further to over 10mln users within 17 months of operation. RIYADH – barq has cemented its position as the fastest-growing digital wallet in the region by download and usage rates, achieving record-breaking adoption milestones within an unprecedented timeframe. Since […]
Riyadh — Sahm Capital‘s in-app investor community has reached 6,000 weekly contributors within three months of its official launch, establishing itself as Saudi Arabia’s most active digital platform for market discussion and investor engagement. Launched in September 2025, Sahm Community is the first investor online community integrated directly into a CMA-licensed brokerage app in the Kingdom. […]
The platform offers investors exceptional trading speed, access to all Saudi stocks with an integrated “Tat’heer” Sharia purification service, instant fund transfers in Saudi Riyals, and a wide range of features purpose-built for active traders Jeddah, Saudi Arabia – Alkhabeer Capital, the financial institution specializing in financial services and brokerage services, announced the launch of its […]
Riyadh, Saudi Arabia — Alraedah Finance has launched Alraedah Invest, a debt-based crowdfunding platform aimed at expanding access to financing for small and medium-sized enterprises (SMEs) across Saudi Arabia. The platform is designed to support businesses operating in high-activity sectors such as restaurants, cafés, retail, and services—segments that often face challenges securing funding through traditional […]
Riyadh, Saudi Arabia — Huawei today announced a new addition to its expanding wearable app ecosystem in Saudi Arabia with the launch of the Sahm Capital smartwatch trading app. The collaboration underscores Huawei’s ongoing commitment to enriching its all-scenario ecosystem and enhancing the digital lifestyle of consumers across the Kingdom. The Sahm Capital app brings real-time […]
The new office reflects the firm’s ongoing commitment to Saudi Arabia and gives Goldman Sachs the capacity to grow its presence in the Kingdom. RIYADH – Goldman Sachs today announced the official opening of its new office and regional headquarters (RHQ) in Riyadh, Kingdom of Saudi Arabia. Located in the King Abdullah Financial District (KAFD), the […]