Saudi-based Nice One Beauty Digital Marketing Company has announced its decision to proceed with an initial public offering (IPO) and the listing of its ordinary shares on the main Saudi Exchange (Tadawul). It will be done through the sale of a combination of existing and newly issued shares. A leading beauty and care e-commerce platform […]
In the early 2000s, the tech industry often repeated the phrase, “Every company will be a tech company.” This prediction largely materialized as businesses across sectors adopted technology to stay relevant in a rapidly digitizing world. Now, as we navigate the complexities of a more interconnected digital economy, a new mantra is taking hold: “Every tech company […]
RIYADH, Saudi Arabia,/PRNewswire/ — Maarif Education, one of the largest education companies in Saudi Arabia with a legacy of over 50 years in K12 education, announced today the signing of a definitive agreement to acquire 100% of Ibn Khaldoun Education Company (IKEC). The strategic acquisition, which is subject to approval from the relevant authorities, marks one […]
Riyadh: Citigroup, one of the leading financial institutions in the US, has received approval to establish its regional headquarters in Riyadh, Saudi Arabia, marking a significant milestone in its expansion strategy within the Kingdom. According to an internal memo obtained by Reuters, the Wall Street giant secured the authorization from the Ministry of Investment Saudi […]
Riyadh, Kingdom of Saudi Arabia – 20 November 2024 –PwC Middle East has signed a definitive agreement to acquire Emkan Education, a Saudi consultancy specialising in education and skills development advisory services. A formal ceremony was conducted at the Ministry of Investment in the presence of His Excellency Eng. Khalid A. Al-Falih, Minister of Investment. The […]
Riyadh – Saudi Arabia: Saudi-based artificial intelligence (AI) pioneer nybl has announced a strategic partnership with Qatar Development Bank (QDB) under the Startup Qatar Investment Program, underscoring the region’s commitment to fostering homegrown talent and driving AI-powered growth in Qatar. The agreement was signed by Noor Alnahhas, CEO of nybl, and Mohammed Abdulsalam Al Emady, […]
Riyadh, Saudi Arabia — EdfaPay, a leading fintech platform in Saudi Arabia, has successfully raised $5 million in a Pre-Series A funding round. The investment was led by OmanTel Innovation Labs, with participation from Aljabr MENA and Waad Investment. The funding will bolster EdfaPay’s presence in Saudi Arabia while driving its strategic expansion across the […]
Riyadh, Kingdom of Saudi Arabia – 19 November 2024: Tarabut, the MENA region’s leading, regulated open banking platform, and Geidea, Saudi Arabia’s leading payments solutions provider, have entered a strategic partnership to explore and potentially develop tailored SME financing solutions, subject to regulatory approvals. Today, SMEs represent 1.3 million businesses in Saudi Arabia, and they […]
Riyadh, Saudi Arabia – November 19, 2024EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA) and an EFG Holding company, has announced the launch of its $300 million Saudi Education Fund (SEF). The private equity arm of EFG Hermes aims to establish a world-class K-12 education operator in the Kingdom […]
Riyadh, Saudi Arabia – Merak Capital, a prominent technology-focused investment firm, has unveiled its SAR 306 million gaming fund and accelerator, Exel by Merak, to drive the growth of gaming startups and position Saudi Arabia as a global hub for gaming innovation. The launch event, held on November 17, 2024, at the VOV Gaming Centre […]