RIYADH, Saudi Arabia–(BUSINESS WIRE/AETOSWire)– 500 Global, a leading global venture capital firm, today announced the launch of 500 MENA, L.P. (the “Fund”), a new fund dedicated to investing in high-growth technology startups across the Middle East and North Africa (MENA) region both from outside and inside the current 500 Global portfolio. This strategic move positions 500 Global […]
Riyadh, Saudi Arabia – Ebana | إبانة, a pioneering provider of investor relations management services for closed and simplified joint stock companies, has successfully secured SAR 10 million in a Pre-Series A investment round. The round was led by Isnad Law Firm, marking a significant milestone in Ebana’s journey to enhance business governance through digital […]
Arable, a Saudi-based AgriTech startup co-founded by Lawrence Ong (CEO) and Christina Khalife (COO), with the collaboration of Executive Partners Marc and Anthony Eid, has announced the successful closure of a $2.55 million (SAR9.75 million) Seed funding round to pioneer sustainable hydroponic farming in the Kingdom. The round included participation from institutional and private investors, […]
Riyadh, Saudi Arabia: Cenomi Centers, the leading owner, operator and developer of retail lifestyle destinations in Saudi Arabia, is pleased to announce a strategic partnership with Visa, a world leader in digital payments. This collaboration is set to transform Cenomi’s loyalty program, offering customers unparalleled offers, benefits and exceptional experiences. Under the partnership, Cenomi Centers will […]
Riyadh, Saudi Arabia – January 20, 2025: Wilow, an emerging tech startup specializing in innovative laundry solutions, has successfully closed an undisclosed Pre-Seed investment round. The funding comes from a group of angel investors and marks a significant step forward in the company’s growth journey. Founded in September 2024 by Mohammed Al-Marri and Wijdan Al-Otaibi, […]
Riyadh, Saudi Arabia — Rize, a leading real estate technology company in the Kingdom of Saudi Arabia, has successfully closed its Series A investment round, raising SAR 132 million (USD 35 million). The round, which includes a mix of equity and debt, was led by Raed Ventures, with participation from SEEDRA Ventures, Aqar Platform, JOA […]
The Saudi Central Bank (SAMA) has officially granted a license to Nama United Financing Company, enabling it to offer a range of financial services, including real estate finance, production assets finance, SME finance, finance leasing, and consumer finance. This move marks a significant milestone in Saudi Arabia’s financial ecosystem, increasing the total number of finance […]
Global – Kudo Trade, a leading innovator in global financial trading services, is proud to announce that it has been granted a prestigious license by the Financial Services Commission (FSC) of Mauritius. The license, numbered GB24203599, underscores Kudo Trade’s commitment to operating at the highest standards of regulatory compliance and delivering exceptional services to its clients […]
Riyadh, Saudi Arabia – January 16, 2025 The Saudi Central Bank (SAMA) has announced a strategic agreement with Google to introduce Google Pay in Saudi Arabia through the national payment system, mada. The service is set to launch in 2025, as part of SAMA’s ongoing initiatives to enhance the Kingdom’s digital payments ecosystem under the […]
Arab Advisors Group released a new research report exploring the growing fintech market in the Arab World. The report expands on the current fintech landscape in the Arab region, covering the fintech regulatory frameworks, licensing, legality of cryptocurrency, fintech goals and initiatives, challenges and governmental vision for the sector in 19 Arab countries. Moreover, Arab Advisors […]