Riyadh, Saudi Arabia – January 2, 2025: Vision Bank, formerly known as the Saudi Digital Bank, has announced the launch of the pilot phase of its banking operations after receiving a no-objection certificate from the Saudi Central Bank. This milestone marks a significant step in Vision Bank’s journey toward realizing its strategic goals and underscores […]
Riyadh, Saudi Arabia – The Saudi Central Bank (SAMA) has officially licensed Tal Finance Co. to provide debt-based crowdfunding solutions, further expanding the Kingdom’s innovative financial ecosystem. With the inclusion of Tal Finance, the total number of companies authorized to offer debt-based crowdfunding solutions in Saudi Arabia now stands at 12. Additionally, the number of […]
December 27, 2024 Riyadh, Saudi Arabia: Saudi Venture Capital (SVC) announced its investment in Jadwa GCC Private Equity Fund 1, a private equity fund managed by Jadwa Investment, a leading investment management and advisory firm in the Middle East with over SAR 90 billion in assets under management and advisement. The fund aims to raise SAR […]
Riyadh, Saudi Arabia – Wa’ed Ventures, the $500 million venture capital arm of Aramco, has announced its leadership in a $5 million funding round for Ynmo, a Saudi-based company transforming educational and rehabilitative technology for children, including those with disabilities. The funding round also saw participation from Qatar Development Bank (QDB) and Nour Nouf Ventures, […]
The Saudi Central Bank (SAMA) has announced the licensing of Majd Saudi Payments Company to provide payment services via electronic wallets. This addition raises the total number of licensed payment service providers in the Kingdom to 26 companies. This strategic move underscores SAMA’s commitment to bolstering and empowering the payments sector by enhancing the efficiency […]
Abu Dhabi, December 11, 2024 — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, made a significant impact at Bitcoin MENA 2024, held on December 9-10 at the Abu Dhabi National Exhibition Centre (ADNEC). Exclusive Horizon Night Setting the stage for the highly anticipated conference, Bybit hosted its exclusive “Horizon Night” on December 8. […]
December 23, 2024 Saudi Arabia, Riyadh – EdfaPay is pleased to announce the obtaining of a technical license as a Mobile Point-of-Sale (Soft-POS) technology provider from the Saudi Central Bank (SAMA). This milestone aligns with EdfaPay’s continuous efforts to enhance digital innovation in the payments sector and provide advanced and secure technological solutions that meet […]
December 19, 2024 Riyadh, Saudi Arabia – Saudi Venture Capital (SVC) has announced an investment in Raed III L.P., an early-stage venture capital fund managed by Raed Ventures. The fund will target tech and tech-enabled startups across Saudi Arabia and the MENA region, primarily focusing on Seed and Series A stages, emphasizing fintech, enterprise software, and […]
December 19, 2024 Riyadh, Saudi Arabia – alrajhi bank and Marriott Bonvoy, the award-winning global travel programme by Marriott International, announced the launch of the Marriott Bonvoy alrajhi bank Credit Card in Saudi Arabia. The new cobrand credit card provides unique benefits and rewards to travellers across every part of their travel journey as they earn […]
The Saudi Central Bank (SAMA) has granted its no-objection for D360, a licensed digital bank, to commence its banking operations in the Kingdom of Saudi Arabia. This milestone marks a significant step in the evolution of the Kingdom’s financial sector, paving the way for enhanced innovation and competition within the banking industry. This development aligns […]