Saudi
Saudi Arabia’s energy giant Aramco has acquired a 49 per cent stake in artificial intelligence company HUMAIN in a $2.6 billion investment aimed at accelerating the kingdom’s ambitions to become a global AI powerhouse. The transaction, completed...
Saudi Arabia-based property technology startup Ghanem has raised an additional $1.5 million in a pre-seed funding extension, bringing its total funding for the round to $8.6 million as it seeks to expand access to real estate...
Aramco Acquires 49% Stake in HUMAIN in $2.6bn Deal to Accelerate Saudi Arabia’s AI Ambitions
Saudi Arabia’s energy giant Aramco has acquired a 49 per cent stake in artificial intelligence company HUMAIN in a $2.6 billion investment aimed at...
Saudi Fintech Startup Vrtx Raises $3.6m to Help Businesses Integrate Digital Financial Services
Saudi Arabia-based fintech startup Vrtx has raised $3.6 million in pre-seed funding to help businesses integrate financial services into their products without building complex...
Saudi Proptech Startup Ghanem Raises Additional $1.5m, Takes Total Pre-Seed Funding to $8.6m
Saudi Arabia-based property technology startup Ghanem has raised an additional $1.5 million in a pre-seed funding extension, bringing its total funding for the round...
Saudi Eventtech Startup INVE Raises $300K to Expand Digital Event Management Platform
Saudi Arabia-based event technology startup INVE has raised $300,000 in pre-seed funding from Outliers Venture Capital to expand its digital event management platform and...
Foodics Invests in Funding Souq to Expand Financing Access for Restaurants Across Saudi Arabia and UAE
YAKUB ABDULRASHEED - Saudi Arabia-based fintech company Funding Souq has secured a strategic investment from Foodics, a leading restaurant management and financial technology platform...
Saudi Autotech Startup Autobia Raises $12 Million to Expand Digital Auto Parts Marketplace
YAKUB ABDULRASHEED - Saudi Arabian business-to-business (B2B) automotive technology startup, Autobia, has raised $12 million (SAR 45 million) in a Series A funding round...
Saudi Arabia Launches $267m Fund to Build Purpose-Built Housing for 50,000 Workers
YAKUB ABDULRASHEED - Saudi Arabia is set to invest $267 million (SAR 1 billion) in a major workforce housing initiative designed to provide accommodation...
Saudi Construction Tech Startup Project Suppliers Raises $1m to Build AI-Powered Financial Solutions
YAKUB ABDULRASHEED - Saudi Arabia-based construction and procurement technology startup Project Suppliers has raised $1 million dollars in its first pre-Seed funding round as...
MoneyHash Partners Geidea to Simplify Digital Payments Across Egypt, Saudi Arabia and UAE
YAKUB ABDULRASHEED – Egyptian payment orchestration startup MoneyHash has partnered with Saudi fintech Geidea in a move designed to make digital payment acceptance easier...
Saudi Arabia’s Erad Raises $22m to Expand AI-Powered Shariah-Compliant Financing for SMEs Across the Gulf
YAKUB ABDULRASHEED – Saudi Arabia-based fintech company Erad has raised $22 million in a Series A funding round as it seeks to expand its...
Lendo, Quantic Partner on $200m Programme to Boost Financing for Saudi SMEs
Saudi fintech Lendo has partnered with Austria-based asset manager Quantic Financial Solutions on an institutional capital programme worth up to SAR750 million ($200 million)...
Saudi Proptech Rize Secures $50m Facility to Expand Monthly Rent Model
Saudi Arabian proptech company Rize has secured a SAR187.5 million ($50 million) asset-backed Murabaha facility from Jadwa Investment to finance its growing portfolio of...
