Source: Zawya New deal, which increases firm’s credit line, to help fund new ventures. Saudi Arabia’s Perfect Presentation for Commercial Services Co (2P) has increased its credit line with Arab National Bank. The listed firm signed a new financing deal with the lender, raising its facility to SAR 135 million ($35.9 million). The company said […]
Dubai, UAE — Ribh.AI has raised USD 3 million in growth capital with Ereele Capital and IronSharp Capital acting as lead sponsors in the fundraising. The capital supports the launch of the world’s first fine-tuned Large Language Model (LLM) trained fully on Sharia principles, built to transform Islamic Finance across all asset classes. Ribh.AI is […]
Starvania Studios creates fantasy-rich gaming experiences that explore bold, imaginative worlds, guided by depth, creativity, and a vision that extends beyond gameplay. Starvania Studios creates fantasy-rich gaming experiences that explore bold, imaginative worlds, guided by depth, creativity, and a vision that extends beyond gameplay. Their goal is to build unique, high-quality games that resonate with […]
Riyadh, Saudi Arabia – Gathern, the Kingdom’s leading vacation rental platform, has raised SAR 270 million ($72 million) in a Series B funding round led by Sanabil Investments, a wholly owned subsidiary of the Public Investment Fund (PIF). The round also saw participation from STV, Pinnacle Capital, Nuwa Capital, Endeavor Catalyst, and several strategic investors. […]
Wa’ed Ventures, Saudi Aramco’s $500 million venture arm, has invested $15 million in South Korean chipmaker Rebellions Inc., marking its first investment in South Korea and aiming to advance the AI industry in Saudi Arabia. The investment will help Rebellions, which is partnering with Samsung Electronics to develop a generative AI chip, establish a new […]
Fahy partners with Impact46 and Merak Capital to accelerate gaming innovation in Saudi Arabia. Investment fuels the development of high-quality, commercially successful mobile games. Fahy aims to contribute to Saudi Arabia’s vision of becoming a global gaming hub. Riyadh, Saudi Arabia – “Fahy”, a rising game development studio in Saudi Arabia, has secured strategic investment of […]
Riyadh, Saudi Arabia — Impact46 has announced investments exceeding SAR 25 million in five gaming studios — Fahy, NJD, Game Cooks, Starvania, and Alpaka — as part of its SAR 150 million Gaming Fund, launched in March 2024. The fund reflects Impact46’s long-term commitment to back high-potential founders shaping the future of digital content and gaming experiences in […]
Global VC backs first Saudi-born Shariah-compliant platform for institutional trade receivables finance. Riyadh, Saudi Arabia – RIFD, the first Saudi-born platform enabling institutional securitization of SME trade receivables, has secured a strategic investment from global early-stage venture capital firm Antler. This milestone accelerates RIFD’s mission to build the country’s first Shariah-compliant securitization infrastructure—reducing SME financing costs […]
Saudi e-commerce fulfillment platform Salasa announced Monday it has raised $30 million in a Series B funding round, bringing its total funding to $37.2 million. Salasa is evolving into an AI-driven logistics platform to enable predictive, intelligent, and automated operations. Expanding fulfillment centers, darkstores, and bonded zones to meet growing demand across Saudi Arabia and […]
Riyadh, Saudi Arabia – DEEP.SA, a Saudi Arabia based artificial intelligence company, has announced the successful closure of a SAR 4.5 million pre-seed investment round. The round saw participation from prominent investors Tam Development Company (TAM | تام) and Raed Ventures, marking a strong vote of confidence in the startup’s vision to localize and advance […]