In a landmark step to accelerate the growth of Saudi Arabia’s financial ecosystem and empower the SME sector, Thabet Investment Company has announced a strategic partnership with Singapore-based Five Keys Investment Pte. Ltd. to launch Everbridge Capital, a cutting-edge financial technology company headquartered in Riyadh.
Launched with an initial capital of $100 million, Everbridge Capital is designed to deliver innovative and sustainable financing solutions to small and medium-sized enterprises (SMEs) across the Kingdom. The new company aims to bridge the substantial financing gap in the SME sector — estimated at over $80 billion — and to serve as a catalyst for economic diversification and growth.
The establishment of Everbridge Capital is closely aligned with the goals of the Financial Sector Development Program, a key pillar of Saudi Vision 2030, which aims to increase SME financing from the current 9.4% to 20% by 2030. By integrating artificial intelligence, data analytics, and smart credit assessment tools, Everbridge Capital will offer tailored financial products and intelligent lending solutions that meet the evolving needs of local businesses while maintaining global standards of performance and compliance.
Dr. Abdulelah bin Ahmed Saleh, a distinguished Ph.D. holder from King Abdullah University of Science and Technology (KAUST), has been appointed as the company’s CEO. Commenting on the launch, Abdulrahman bin Ahmed Saleh, CEO of Thabet Investment, stated:
“The launch of Everbridge Capital demonstrates our unwavering commitment to fulfilling our national role in achieving Vision 2030. By bridging the financing gap in the FinTech sector, we aim to provide a powerful growth engine for this vital industry. Our partnership with Five Keys ensures we can deliver innovative, world-class solutions. Empowering SMEs with the resources they need not only fuels innovation but also unlocks new opportunities for economic development.”
Echoing this vision, Dr. Abdulelah bin Ahmed Saleh added:
“I am honored to lead Everbridge Capital at such a transformative moment in the Kingdom’s economic journey. Our mission is clear: to become the bridge that enables SMEs to cross over to growth and prosperity — turning the SR300 billion financing gap into a powerful opportunity. We aim to be the most trusted and forward-thinking financial partner for entrepreneurs, playing a pivotal role in advancing the Financial Sector Development Program’s target of 20% SME financing.”
By combining strategic investment, technological innovation, and a clear national mission, Everbridge Capital is poised to redefine the SME financing landscape in Saudi Arabia — empowering businesses, driving innovation, and contributing significantly to the Kingdom’s vision of a vibrant, diversified economy.
