Beehive Completes Majority Acquisition of Themar to Strengthen SME Digital Financing in Saudi Arabia

Beehive Group Holdings has completed the acquisition of a majority stake in Saudi-based Thimar Business, a debt crowdfunding platform, marking a strategic milestone that strengthens Beehive's position in the Saudi market and accelerates its regional expansion.

The acquisition comes at a significant stage in Beehive's growth journey. Since its launch in 2014, the company has funded more than 3,000 SMEs across the GCC, according to the official press release.

Beehive first entered Saudi Arabia in 2020 through banking partnerships. With the acquisition of Thimar, the company now operates within a fully regulated framework, gaining a license that enables it to expand its services through a platform combining technology with regulated financing solutions.

Peter Tavener, Co-Founder and CEO of Beehive, said:

"Saudi Arabia is one of the region's most dynamic SME markets. Through our acquisition of Thimar, we are providing Saudi entrepreneurs with a broader and more accessible financing gateway, powered by our technology, track record, and market expertise."

The expansion aligns with the objectives of Saudi Vision 2030, which prioritizes SME financing to accelerate private sector growth and support economic diversification.

By combining Beehive's technology infrastructure, its financing network, and Thimar's regulated platform, the company expects to deliver more transparent and structured financing solutions to support a growing number of Saudi entrepreneurs and SMEs.