Top News

Riyadh – Mubasher: OPSWAT, a global leader in critical infrastructure protection (CIP) solutions with headquarters in Florida, has widened its footprint in Saudi Arabia, according to a press release. In line with Saudi Vision 2030, OPSWAT’s …

Riyadh – Mubasher: Bank Albilad announced interim cash dividends amounting to SAR 625 million, equivalent to 5% of the capital, for the first half (H1) of 2024. The lender will distribute a dividend after Zakat valued at SAR 0.50 per share to 1.25 …

Riyadh – Mubasher: Abdullah bin Sulaiman Al Juraish resigned from his position as the Acting CEO of Saudi Advanced Industries Company (SAIC) on 5 September 2024. The board members accepted Al Juraish’s request to leave the position due to personal …

Riyadh – Mubasher: Saudi fintech company barq joined forces with Mastercard to empower its customers with enhanced payment acceptance solutions through Mastercard Gateway, according to a press release. Under the agreement, barq will deploy …

Riyadh – Mubasher: Nayifat Finance Company logged net profits amounting to SAR 55.49 million in the first half (H1) of 2024, an annual growth of 3.32% from SAR 53.70 million. The group registered revenues valued at SAR 179.04 million in H1-24, …

Riyadh – Mubasher: The board members of Saudi Automotive Services Company (SASCO) approved cash dividends worth SAR 17.50 million, representing 2.50% of the capital, for the first half (H1) of 2024. The Saudi firm will distribute SAR 0.25 per …

Riyadh – Mubasher: Saudi SaaS provider Reachware has raised $3 million in Seed funding, led by Sadu Capital, with participation from 500 Sanabil Investments and Elm Company, according to a press release. Reachware, a leading startup specialising …

Riyadh – Mubasher: Saudi fintech savings platform Hakbah entered into a new partnership with The Company for Cooperative Insurance (Tawuniya) at the 24 Fintech Conference that kicked off in Riyadh on 3 September. This alliance will reshape the …

Riyadh – Mubasher: The Saudi Central Bank (SAMA) penned an agreement with Samsung to provide access to Samsung Pay service in the Kingdom during the fourth quarter (Q4) of 2024. The announcement was unveiled on the sidelines of the 24 Fintech …

Riyadh – Mubasher: MENA-focused shopping and financial services app Tabby has entered into a definitive agreement to acquire Saudi-based digital wallet Tweeq, which is licensed by the Saudi Central Bank (SAMA). The announcement came during the 24 …

Riyadh – Mubasher: Alan Qi, President of Huawei Cloud Middle East and Central Asia, announced investment plans in Saudi Arabia to back the cloud-first strategy. In an interview with Mubasher.info, Qi highlighted that Huawei decided to invest in …

Riyadh – Mubasher: AI platform and software as a service (SaaS) provider Unifonic announced a strategic partnership with Saudi fintech company barq during the 24 Fintech event, which launched in Saudi Arabia to serve as a global meeting point. The …

Riyadh – Mubasher: Saudi fintech savings platform Hakbah inked a new agreement with the Saudi Institute of Internal Auditors at the 24 Fintech Conference in Riyadh. The partnership aims to improve the development of internal auditing systems, …

Riyadh – Mubasher: ACWA Power Company signed an agreement with Sharjah Electricity, Water and Gas Authority (SEWA) to develop Sharjah’s first Independent Water Project (IWP). The Hamriyah IWP, which will be developed using seawater reverse osmosis …

UAE– Mubasher: Tarabut has acquired London-based Vyne, a real-time account-to-account (A2A) payments platform for online businesses, according to a press release. The transaction, which was approved by the Saudi Central Bank (SAMA) and the UK's …

Riyadh – Mubasher: The Deputy Chairman of the Capital Market Authority (CMA), Abdullah Binghannam, elaborated that the financial service has clearly transformed wealth management. On the slides of the 24 Fintech conference, Binghannam noted that …

Riyadh – Mubasher: The Capital Market Authority (CMA) passed the request of Arabica Star Company to float its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Arabica Star plans to list 275,000 shares, representing 20% of its …

Riyadh – Mubasher: The Executive Directors of the International Monetary Fund (IMF) supported the decision to recalibrate investment spending in Saudi Arabia, noting that it helped reduce the risks of an economic boom. They also recommended …

UAE– Mubasher: Ziina, the UAE’s leading financial platform supporting consumers and businesses, has raised $22 million in a Series A funding round led by US-based Altos Ventures, according to a press release. The fundraising transaction also …

Riyadh – Mubasher: Mohammed El Kuwaiz, Chairman of the Capital Market Authority (CMA), highlighted that the 24 Fintech conference reflects Saudi Arabia’s leading position in the fintech landscape. The 24 Fintech event kicked off at the Riyadh …

Riyadh – Mubasher: Najm for Insurance Services is partaking in the 24 Fintech global conference as a Platinum Sponsor, which enhances its role in supporting and developing the local and global insurance and financial services sector. The fintech …

Riyadh – Mubasher: Omar Khaled, Chief Commercial Officer (CCO) at EzPay, a Saudi payments startup company that was established in 2023, talked with Mubasher.info during the 24 Fintech event which launched today in Saudi Arabia. Khaled noted that …

Riyadh – Mubasher: AviLease, owned by the Saudi Public Investment Fund (PIF), has closed a $2.50 billion five-year unsecured term facility that mainly will be used to fully refinance a bridge facility it raised in 2023 when acquiring the Standard …