ETHAI, a Saudi Arabia–based company dedicated to the advancement of ethical artificial intelligence, has officially launched its operations, marking a significant milestone in the Kingdom’s rapidly expanding AI and digital […]
Riyadh Valley Company, the investment arm of King Saud University, has announced a significant investment in FinTech Collective Fund IV (FTC Fund IV), a venture capital fund managed by U.S.-based
Saudi Arabian fintech Tamara is expected to secure at least $1.4 billion in financing from a consortium of lenders led by Goldman Sachs, with CitiGroup and Apollo Global Management also
21Doctors, a rising digital healthcare startup, has officially announced the successful closure of its Pre-Seed investment round, with the participation of a select group of prominent angel investors. This early-stage
During the closing conference of the GREAT FUTURES initiative, the launch of two investment funds was announced to support startups in Saudi Arabia and across the Middle East and North
SHEBA JOY, a Saudi mobile gaming studio, announced that it has raised USD 293,000 in a Pre-Seed investment round led by Merak Capital.The new funding will fuel expansion of production
Vibes AlUla has announced the launch of the eighth edition of the “Rowad AlUla” Business Accelerator,” building on the success of the seventh edition, which began in July. The initiative
Over Impact46, one of Saudi Arabia’s leading venture capital firms, has announced its largest investment to date, committing over $53 million into Kammelna Studio, the Saudi gaming company renowned for
Falak Investment Hub has announced its investment in Blomal Capital, a Saudi-based financial technology startup specializing in investment fund distribution, as part of a Pre-Seed funding round. The amount invested
The Saudi Ministry of Industry and Mineral Resources has signed a cooperation agreement with the Saudi Innovation Club to launch joint initiatives that support innovators and entrepreneurs in the industry
Riyadh, Saudi Arabia – Starvania Studios, the award-winning indie game development studio, has secured a $1.1 million strategic investment from Merak Capital and Impact46. The funding will enhance the studio’s
Saudi-based alternative hospitality platform Gathern has announced the successful closure of its Series B funding round worth SAR 270 million (USD 72 million), led by Sanabil Investments, a company fully
Rebellions, South Korea’s AI semiconductor startup, has officially established a corporate entity in Riyadh, Saudi Arabia, marking a major step in its Middle East expansion strategy. The company announced the
Saudi Arabia’s Exel by Merak Accelerator has invested USD 5.1 million in 17 gaming startups as part of its inaugural cohort, with each company receiving USD 300,000 in equity funding,
Riyadh, Saudi Arabia – August 17, 2025 – Fahy Studios, a rising Saudi game development studio, has secured a strategic investment of $1.75 million from Impact46 and Merak Capital. This
Shahbandr, a leading enabler of e-commerce and digital transformation in Saudi Arabia and the wider MENA region, has announced a strategic partnership with Tamara, the region’s foremost provider of Buy
GO Telecom (Etihad Atheeb) has officially launched the GO AI Hub, a unified platform for AI solutions, alongside the GO AI Hub Silicon Valley Center in the United States. This
Tareq Amin, CEO of HUMAIN, announced during an interview on Al Arabiya News Channel the official launch of full-scale operations for AI models in partnership with OpenAI — a strategic
Afaq Capital, a Saudi company licensed by the Capital Market Authority (CMA), has fully acquired a venture capital portfolio in a transaction structured and completed with Cotyledon for Management Consultancy.
The renewal of Tal bin Hisham Nazer’s appointment as Managing Director of Bupa Arabia for Cooperative Insurance for another four years reflects the continued confidence in a leadership legacy built on strategic growth, organizational resilience, and sectoral transformation.
Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), has announced the launch of Sanabil Founder University by LAUNCH, in partnership with early-stage investor Jason Calacanis‘ firm
WeRide, a global leader in autonomous driving technology, has received Saudi Arabia’s first Robotaxi autonomous driving permit, making it the only tech company in the world with licensed autonomous products
In support of Saudi Arabia’s strategic vision to enhance national food security and empower entrepreneurs in vital sectors, the second edition of the “Sunbolah” accelerator program has officially launched. The
In a groundbreaking decision aimed at boosting foreign investment and revitalizing the real estate sector, the Saudi Cabinet on Monday, July 8, 2024, approved a new law allowing non-Saudis to
The Saudi Central Bank (SAMA) has officially licensed AWN (شركة عون الرائدة) to offer micro consumer financing through financial technology (fintech), bringing the total number of licensed companies in this
UAE-based proptech company Huspy has closed a $59 million Series B funding round to expand its operations across the Middle East and strengthen its European presence, including a planned launch
Tali Ventures, the venture capital arm of stc Group, has acquired a minority stake in Saudi-based fintech Tarmeez Capital, a specialist in debt issuance and investment solutions. The move supports
The Ministry of Communications and Information Technology of Saudi Arabia has launched “Tamkeen,” a financial incentive program designed to support employee retention in the Kingdom’s technology and telecommunications sectors. The
Flawless, a Saudi-based startup specializing in AI-powered career guidance, has announced the successful closure of a $1.5 million Pre-Seed funding round, backed by a group of angel investors. Founded by
STV, the largest independent technology investment firm in MENA, has announced a new investment in Morni, a Saudi automotive services platform, through its newly launched $100M NICE Fund. Founded in
Riyadh – In an interview with Al Arabiya, Mohammed Alzubi, Founder and Managing Partner at Nama Ventures, announced that the fund has received a license from the Saudi Capital Market
Where there’s a will, there’s a way! This timeless motto embodies the spirit of determined men and women who refuse to give up, forming the very foundation of strength, resilience,
Stride Ventures, a global leader in venture debt financing, has announced the expansion of its operations into Saudi Arabia, reinforcing its presence in the Gulf Cooperation Council (GCC). The move
Sunbolah, the sector-focused accelerator dedicated to agriculture and food technology, has officially launched the second edition of its program, bridging innovation between Riyadh and Paris. Targeting early-stage startups (Seed to
Team Falcons, one of the most prominent esports teams in Saudi Arabia and the region, has announced a formal partnership with Red Bull, naming the global brand as the team’s
Abdul Latif Jameel and Uber Technologies, Inc. (NYSE: UBER) have signed a Memorandum of Understanding (MoU) to explore opportunities to build a next-generation, scalable fleet operations platform, encompassing both traditional
ROSHN Group, Saudi Arabia’s leading multi-asset real estate developer and a Public Investment Fund (PIF) company, has officially launched ROSHNEXT, the Group’s dedicated innovation arm. This initiative is designed to
The Communications, Space & Technology Commission (CST) has released the Saudi Internet Report 2024, highlighting key insights on internet penetration, user behavior, app preferences, and digital infrastructure development across the
Saudi e-commerce startup “Ziadah,” specializing in innovative e-commerce solutions, has successfully closed a seed funding round led by an angel investor, with undisclosed financial details. Founded in 2024 by entrepreneurs
VUZ, a platform known for delivering interactive live video experiences from exclusive locations like award shows and global stadiums, has closed its Pre-Series C funding round with $12 million in
Trendyol, one of the world’s fastest-growing e-commerce marketplaces, has announced a strategic partnership with Zid, Saudi Arabia’s leading e-commerce enablement platform, to accelerate the growth of SMEs in Saudi Arabia
The Transport General Authority (TGA) of Saudi Arabia has signed a strategic partnership agreement with Uber Technologies to introduce autonomous vehicles in the Kingdom. The signing was held under the
Scale AI, the San Francisco-based AI company backed by Amazon, plans to open a new office in Saudi Arabia by the end of 2025 as part of its broader regional
Elon Musk, founder of SpaceX, announced during the U.S.-Saudi Investment Forum that Saudi Arabia has officially approved Starlink’s services for aviation and maritime sectors within the Kingdom. Starlink, operated by
Saudi Arabia-based Wyld VC has launched the MENA region’s first $50 million AI-native venture capital fund, with a mission to bridge the AI talent gap and support early-stage startups in
Dubai, Abu Dhabi, Belfast | May 13, 2025 – Classy Games Studios, a game development company based in Northern Ireland and the UAE, has officially announced a strategic investment from
Saudi Crown Prince Mohammed bin Salman, Crown Prince, Prime Minister, and Chairman of the Public Investment Fund (PIF), has announced the launch of HUMAIN, a new AI company wholly owned
Dubai, UAE – May 7, 2025: Endocare, a UAE-based healthcare company pioneering in metabolic health and obesity management, has successfully closed a strategic funding round led by Germany’s RbetaQ Holding,
Riyadh, Saudi Arabia – The Digital Entrepreneurship Center (CODE), affiliated with the Ministry of Communications and Information Technology (MCIT), has launched the fifth edition of the “Tech Pioneers” program, as
On May 4, 2025,Nama Ventures Capital Co, one of the first foreign venture capital firms to be fully regulated under Saudi Capital Markets law, has officially received approval from the
Wa’ed Ventures, the venture capital arm of Saudi Aramco, has announced the signing of a strategic Memorandum of Understanding (MoU) with the Ministry of Environment, Water and Agriculture, during the
Riyadh, April 2025 – STV, the leading growth investor in the MENA tech sector, has announced the final close of its first non-dilutive capital fund, the $100 million STV NICE
Riyadh, Kingdom of Saudi Arabia – 2025, The Saudi Central Bank (SAMA) has announced the issuance of a new license to “Nayla Finance”, authorizing the company to operate in the
Pakistani health tech startup MedIQ has raised $6 million in a Series A funding round led by Rasmal Ventures (Qatar) and Joa Capital (Saudi Arabia), with participation from existing investors.
Riyadh, Saudi Arabia – KPMG Saudi Arabia has launched the 5th edition of its flagship Global Tech Innovator (GTI) competition, offering the country’s most ambitious startups an opportunity to showcase
The Saudi Central Bank (SAMA) announced licensing “Tamawal” company to provide finance aggregation services, raising the total number of licensed finance aggregation companies in Saudi Arabia to six. This move
In a landmark technological achievement, Saudi Arabia’s iconic fast-food brand AlBaik, in collaboration with King Abdullah University of Science and Technology (KAUST), successfully executed the first drone meal delivery in
iMENA Group, a regional leader in building and operating digital platforms in the Middle East and North Africa, announced the successful completion of a $135 million capital raise in the
PropTech startup Flow, founded by Adam Neumann — the co-founder and former CEO of WeWork — and based in the United States, has secured $100 million in a Series B
Dubai-based Pemo, a smart spend management platform, has officially expanded into the Saudi Arabian market, aligning with the Kingdom’s Vision 2030 digital transformation goals. Backed by over $19 million in
Christie’s International Real Estate, the world-renowned luxury real estate brand, has officially launched its operations in Saudi Arabia in partnership with Wasalt, the Kingdom’s advanced digital real estate platform. The
Riyadh, Saudi Arabia – Al Areeb Holding has finalized its acquisition of a strategic 30% stake in Pioneer Landmarks, a leading Saudi engineering consultancy firm. This transaction follows a Memorandum
Dubai, UAE – Valeo Health ME, a UAE-based healthtech startup specializing in AI-driven personalized care, has secured $12 million in a Series B funding round led by Flintera, with participation
Riyadh, Saudi Arabia – Arabian Pay, the Kingdom’s leading national fintech platform, has successfully closed its Pre-Seed investment round through a strategic agreement with Al Bassami Holding Group, a global leader
ClearGrid, a UAE-based fintech specializing in debt collection solutions, has raised $10 million in pre-seed and seed funding rounds. The pre-seed round was led by RAED Ventures and BECO Capital,
The Ministry of Environment, Water, and Agriculture has announced the opening of registration for “Sunbolah,” an incubator specializing in the food technology sector. The incubator targets local startups in early
Hassana Investment Company, the investment arm of Saudi Arabia’s Public Pension Agency, has announced the acquisition of a 40% stake in Berain Water from Mohammed Abdulaziz Al Rajhi & Sons Investment Company (Al Rajhi Investment).
Impact46 has announced the completion of the sale of its entire stake in Rasan Information Technology through an accelerated book-building offering to institutional investors. The deal involved the sale of 13,296,836 shares, representing 17.16% of Rasan’s
GO Telecom has announced that its subsidiary, Hulul Al-Intilaq for Finance, has received initial approval from the Saudi Central Bank (SAMA) to establish a micro-consumer finance company in Saudi Arabia. The approval, granted on November
The Public Investment Fund (PIF) has announced the launch of Al Wahah Duty-Free, Saudi Arabia’s first locally owned duty-free retail operator specializing in travel retail. The company aims to become a leader in
Ajras, a Saudi-based platform offering “Rent Now, Pay Later” solutions, has successfully closed a $1.5 million Pre-Series A funding round led by Veda Holding. Founded in 2022 by Muath Aljubailan, the company officially launched its services in 2023 and continues
The Garage, in partnership with Tuwaiq Academy, has launched The Garage Academy, a specialized academy offering investment-focused technical programs. The academy aims to meet the needs of local and global
Saudi Venture Capital (SVC), an initiative of the Social Development Bank in Saudi Arabia, has announced its investment in the Artal Growth Opportunities Fund, managed by Artal Capital, a private
Nana, a leading delivery and dark store platform, is preparing for a public listing in the near future, signaling its strong growth in the tech and logistics sector. The company
Saudi gaming studio Lobah has secured $12 million in funding from the Social Development Bank (SDB) as part of SDB’s initiative to support the gaming and esports sector, aligning with
According to reports from Bloomberg, Ninja, a fast-moving consumer goods (FMCG) delivery company, is in talks to raise investments in a pre-IPO funding round at a valuation exceeding $1 billion.
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