IB Ventures, a newly launched Saudi investment platform dedicated to biotechnology, has announced a $50 million venture initiative to accelerate the growth of life sciences startups and attract international biotech […]
In what could become the largest leveraged buyout in history, Saudi Arabia’s Public Investment Fund (PIF) is reportedly leading a consortium, including private equity giant Silver Lake and Jared Kushner’s
The Saudi Central Bank (SAMA) has officially granted licenses to three fintech companies in the financing sector, reinforcing its commitment to driving innovation and building a competitive digital financial ecosystem
Continuing its commitment to providing top-tier services to the corporate sector and offering advanced digital financial solutions to enhance operational efficiency, Alinma Bank has announced a strategic investment and partnership
Continuing its commitment to providing top-tier services to the corporate sector and offering advanced digital financial solutions to enhance operational efficiency, Alinma Bank has announced a strategic investment and partnership
LDUN Fintech, a Saudi-based financial technology company licensed by the Saudi Central Bank (SAMA) under the Regulatory Sandbox, has announced the successful closure of its Seed funding round, securing over
Derayah Financial Company (“Derayah Financial”) has announced the signing of a strategic partnership agreement with Malaa, the automated investment management advisor, during the Money 20/20 Middle East Conference. This collaboration
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
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
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
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
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
The King Salman Global Academy for Arabic Language has concluded its “Arabic Language Innovation Accelerator” program in Riyadh, designed to support startups and entrepreneurs in language technologies by offering a
Mohanad Al-Badrani, Co-Founder and CEO of BOUK, announced that the platform has successfully closed its first Pre-Seed funding round just days after its official launch—a milestone that reflects strong investor
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
Stride Ventures, the world’s largest venture debt platform, has announced the first close of its flagship Abu Dhabi Global Market (ADGM) Fund V, marking a milestone in its strategic expansion
Saudi Arabia and South Korea have launched a joint initiative to facilitate the entry of Korean startups and SMEs into the Saudi market, focusing on four strategic sectors: artificial intelligence
PetroApp, a leading Saudi provider of digital fuel payment and fleet management solutions, has secured a USD 50 million investment round led by Jadwa Investment, through the Jadwa GCC Diversified
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
The Esports World Cup Foundation (EWCF) has announced a three-year strategic collaboration with Amazon Ads, aimed at expanding the global reach of the Esports World Cup by integrating the tournament’s
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,
Riyadh – May 28, 2025 – NOMW Capital has announced its acquisition of a majority stake in MRSOOL, the leading on-demand delivery platform operating in Saudi Arabia, Egypt, and Bahrain,
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
BirdEye, a Saudi-based retail management platform, has announced the closing of its pre-seed funding round, raising SAR 2.2 million with participation from a private investment fund focused on supporting local
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
In a strategic move that reinforces Saudi Arabia’s commitment to becoming a regional hub for digital innovation, the Digital Entrepreneurship Center (CODE)—under the Ministry of Communications and Information Technology—has announced
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
Riyadh, Saudi Arabia – Saudi Arabia-based digital health platform Kilow has successfully raised USD 2.5 million in seed funding, led by Sanabil Venture Studio by Stryber, a subsidiary of Sanabil
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
erad, the Riyadh-headquartered alternative financing platform for SMEs, has successfully raised $16 million in a Pre-Series A funding round to accelerate its growth and expand operations in Saudi Arabia and
True Gamers, a fast-growing esports café operator, has successfully raised $5 million in a Seed funding round to support its regional and international expansion, particularly across the Middle East, North
Miran, an AI-powered health and fitness app, and Welnes, a leading fitness community platform, have officially announced their merger to create a comprehensive wellness and fitness experience tailored to the
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
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
Saudi Aramco, a global leader in integrated energy and chemicals, has announced the signing of a collaboration agreement with China’s BYD, a leading manufacturer of new energy vehicles and batteries,
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
Alareeb Holding has acquired 80% of Two Sides Productions, a leading audio‑visual content provider, in a strategic move to expand its creative business lines and strengthen its media content production
Riyadh, Saudi Arabia – Blacklane, the global luxury chauffeur service, has unveiled its expansion into Saudi Arabia as the first phase of its international growth strategy, backed by TASARU Mobility
Arab National Bank (ANB) has announced the launch of its inaugural “FinTech Accelerator Program for Emerging FinTech Companies”, marking the first such initiative by a Saudi bank aimed at supporting
TruBuild, a Saudi-based construction technology startup founded in 2023 by Bisrat Degefa (CEO) and Dr. Sari Sabban (CTO), has raised $1 million in a Seed funding round. The round was
Riyadh – Saudi technology and AI company Yalla Plus has officially launched “Yalla AI”, the first artificial intelligence platform developed entirely in Arabic, designed to provide a unique, safe, and
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
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
Mozn, a leading Saudi fintech company, has achieved a global milestone by being ranked among the top 50 companies in digital financial crime prevention, according to the Chartis Financial Crime
Jahez International Company for Information Systems Technology has announced its consolidated annual financial results for the year ending December 31, 2024, with net profit increasing by 50% year-on-year to reach
The General Authority for Small and Medium Enterprises (Monsha’at) has announced that 5 Saudi startups have achieved unicorn status with valuations exceeding $1 billion, while 35 more startups are on
Businessman Yazid Al-Rajhi announced that Details Real Estate Company aims to inject investments ranging between 7 to 10 billion riyals over the next five years, targeting the provision of 5,000
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