Saudi Arabia’s fintech industry is undergoing a remarkable transformation, evolving from a nascent sector into a burgeoning powerhouse within a short span. This surge is not just reshaping the financial landscape but also setting the stage for the Kingdom to emerge as a global fintech hub. The growth trajectory witnessed in 2023 is a testament to the sector’s vitality and […]

The 24th Edition of the Saudi Manufacturing Show, set to take place on June 6th at the Crowne Plaza Riyadh Minhal, is poised to be a landmark event in the Kingdom’s industrial landscape. This prestigious gathering, co-located with the Digital Transformation Summit, exemplifies Saudi Arabia’s commitment to embracing cutting-edge technologies and fostering an environment of innovation and collaboration. Leadership in […]

In a significant move towards enhancing bilateral economic relations between Saudi Arabia and Japan, SBI Holdings, Inc., headquartered in Minato-ku, Tokyo, under the leadership of Yoshitaka Kitao, Representative Director, Chairman, President & CEO, has announced the signing of a Memorandum of Understanding (MoU) with the Ministry of Investment of Saudi Arabia (MISA) and BIM Ventures, led by Managing Partner & […]

In the heart of Riyadh, a new chapter in Saudi Arabia’s storied pursuit of innovation and economic diversification is unfolding. The Public Investment Fund (PIF) has announced the launch of the Neo Space Group (NSG), a groundbreaking initiative set to steer the Kingdom’s satellite and space sectors into the future. As a wholly owned subsidiary of PIF, NSG is primed […]

In a significant development for the fintech sector, Riyadh-headquartered startup Hala has secured a new round of funding from the prestigious private equity firm TPG, as reported by The Data last week. This fresh infusion of capital underscores the growing confidence in Hala’s innovative financial solutions for small and medium-sized enterprises (SMEs) in Saudi Arabia. Although the details of this […]