Alkhabeer Capital has announced that it has led a Seed investment round worth $4.8 million in Al-Eqtisad Al-Aly, the parent company of Sindbad.Tech, a firm specializing in automated trading and artificial intelligence. The announcement was made on the sidelines of the Money 20/20 conference in the Kingdom.
This investment reflects Alkhabeer Capital’s commitment to supporting startups and strengthening their role in driving digital innovation, enabling Sindbad.Tech to expand and enhance its technological services in line with both local and regional market aspirations.
Founded in 2013 as a research project aimed at analyzing financial market movements using traditional indicators and mathematical models, Sindbad.Tech later evolved into a fintech company dedicated to developing innovative investment solutions. By 2015, it had developed its first mathematical acceleration strategy, marking a new phase of development amid the challenges of data collection and analysis.
First Trading Algorithm
In 2018, the company achieved a breakthrough with the launch of its first AI-powered trading algorithm leveraging big data, moving closer to full automation. With the onset of the COVID-19 pandemic in 2020, it successfully launched the first fully automated cloud-based trading robot, led by co-founder Ziad Okbawi, marking a significant milestone in integrating technology into investment.
Automated Fintech Solutions
Driven by its mission to deliver automated fintech solutions to individual investors worldwide, Sindbad.Tech aspires to become a global reference in automated investment. The company currently operates under an official license from the Saudi Capital Market Authority (CMA).
