Saudi Venture Capital invests in a VentureSouq Fintech Fund
Saudi Venture Capital (SVC) has invested $5 million in a fintech fund managed by VentureSouq (VSQ). VentureSouq (VSQ) is a MENA-based venture capital fund manager with a global portfolio. VSQ […]
Saudi-based HyperPay adds Sanad Cash to its digital payment platform
HyperPay, the largest and fastest-growing payments services provider in the MENA region, has acquired Sanad Cash, the leading Saudi spend management fintech. This strategic move aims to bolster HyperPay’s service […]
Saudi’s SAMA issues instructions for practicing aggregation activity
The Saudi Central Bank (SAMA) announces the issuance of the “Instructions for Practicing Aggregation Activity” as an annex of the “Rules of Licensing Finance Support Activities.” This initiative reflects […]
Saudi Exchange signs MoU with Saudi Venture Capital Company
The Saudi Exchange signed a Memorandum of Understanding (MoU) with Saudi Venture Capital Company (SVC) on the second day of the annual Saudi Capital Market Forum 2023, held […]
Saudi National Bank’s third-quarter profit up 18.7%
Saudi National Bank, the kingdom’s biggest lender, said on Sunday its net profit in the third quarter rose 18.7% from the same period year before on higher operating income and […]
Coinweb set to establish presence in UAE, Saudi in H1 2023, says CEO Gilbert
Coinweb is firmly on the roadmap to establish its presence in UAE and Saudi Arabia in H1 2023, Toby Gilbert, CEO and Co-Founder told Khaleej Times in an exclusive […]
Two more companies granted license to provide payment services in Saudi Arabia
The Saudi Central Bank (SAMA) granted two new licenses to payment financial technology companies. The two payment financial technology companies licensed to provide payment services for e-commerce are Arab Sea […]
ValU prepares to launch its activities in Saudi Arabia before 2022-end
EFG Hermes’ consumer finance arm valU prepares to expand its business in Saudi Arabia before the end of this year, sources told Daily News Egypt. The sources added that […]
