Fintech News Saudi Arabia

Saudi Arabia has emerged as the leading destination for venture capital (VC) #funding in the Middle East and North Africa (MENA) region in 2024, according to the newly released “2024 Emerging Markets Venture Capital Report” by MAGNiTT. The Kingdom recorded an impressive $750 million in #VC investments, accounting for 40% of the total #VCfunding in the region. This achievement underscores #SaudiArabia’s ongoing economic and financial progress under the ambitious framework of #SaudiVision2030. Read more: https://lnkd.in/ddSN4Hti MAGNiTT, Nabeel Koshak, SVC #FintechNewsSaudiArabia #MAGNiTT #VCFunding #CapitalInvestment #VCHub #MENAVC #Funding #Investment #VCs #SaudiArabia #Fintech #SaudiArabiaFintechNews #MENA

Bank AlJazira | بنك الجزيرة has announced the appointment of Abdulmajeed bin Ibrahim Al Sultan as the #Chairman of its Board of Directors for a three-year term. Mohammed bin Saad bin Dawood has been named Vice Chairman, and Naif Abdulkareem Al Abdulkareem will serve as the Managing Director. Read more: https://lnkd.in/dB-vpPHS Bank AlJazira | بنك الجزيرة #FintechNewsSaudiArabia #BankAlJazira #Leadership #BOD #SaudiArabia #KSA #BankPerformance #Growth #MiddleEast #Fintech #SaudiBanking #SaudiArabiaFintechNews

Careem, in #partnership with CarbonSifr, a climate-tech company participating in the Sedrah Program under the Ministry of Environment, Water, and Agriculture (MEWA), has launched an eco-friendly ride option in #SaudiArabia. This initiative aligns with the Kingdom’s Vision 2030 sustainability goals and emphasizes reducing #carbonemissions through reforestation efforts. Read more: https://lnkd.in/djuZgHaK Careem, CarbonSifr, Transport General Authority, Ali Alsabhan, Saleh Alzowayeed, Muhammed Yildirim, Wael Ibrahim #FintechNewsSaudiArabia #Careem #CarbonSifr #Partnership #MEWA #TGA ##Saudivision2030 #ecofriendly #rides #mobility #saudigreeninitiative #greenmobility #SaudiArabiaFintechNews

Innovation-driven BankDhofar, has taken a pioneering step in the country’s financial sector by introducing the Swift Global Payments Initiative (GPI). This cutting-edge solution, now seamlessly accessible to customers through BankDhofar’s channels, makes it the first bank in #Oman to adopt this global standard for enhanced cross-border payments. Read more: https://lnkd.in/dGbbUuE4 BankDhofar, Fatin Zadjali, Juma Al Jabri, Vikesh Mirani, Tariq Taha, Ashish Gupta #FintechNewsSaudiArabia #BankDhofar #GlobalPaymentInitative #GPI #CrossborderPayments #DigitalPayments #Oman #MiddleEast #Fintech #SaudiArabiaFintechNews

Etihad Credit Insurance (ECI), the UAE's Federal Export Credit Company, has signed a Memorandum of Understanding (MoU) with Al Maryah Community Bank, the country’s first local #digitalbank licensed by the Central Bank of The UAE (CBUAE). This strategic #partnership positions Al Maryah Community Bank as a key player in #ECI’s flagship initiative, Xport Xponential, aimed at empowering #UAE manufacturers and #exporters, diversifying the economy, and strengthening national resources. Read more: https://lnkd.in/d_QN33-a Etihad Credit Insurance (ECI), Al Maryah Community Bank, Raja Al Mazrouei, Mohammed Wassim Khayata #FintechNewsSaudiArabia #ECI #MBank #XportXponential #MOU #Export #UAE #MiddleEast #Insurance #CreditInsurance #Dubai #SaudiArabiaFintechNews

🌟 Exciting Announcement! 🌟 Fintech News Saudi Arabia is thrilled to collaborate with The Card & Payments Awards Middle East as a "media partner" for the inaugural Card and Payment Awards Middle East 2025! 💡 Calling all #fintech and #payment providers in Middle East! This is your chance to showcase #innovation, celebrate excellence, and shine a spotlight on your achievements in the #paytech and #payments industry across the #MiddleEast. ✅ Entries are now open and will close on 22nd January 2025 ✨Please follow the link to apply: https://lnkd.in/eDb3ha29 Let’s come together to honor the best in the industry. Mark your calendars, spread the word, and let’s celebrate the future of #payments! The Card & Payments Awards Middle East, Dana Khalil #FintechNewsSaudiArabia #Fintech #Payments #Innovation #MiddleEast #Awards2025 #Excellence #UAE #SaudiArabiaFintechNews #TheCardandPaymentsAwards2025MiddleEast

MANTRA, a purpose-built layer 1 #blockchain for tokenized real-world assets (RWAs), has signed a groundbreaking US$1 billion agreement with #Dubai-headquartered investment conglomerate DAMAC Properties. This #partnership aims to #tokenize DAMAC’s diverse portfolio of assets, including #realestate, #hospitality, #datacenters, and other sectors, marking a major step in integrating traditional finance with #blockchain technology. Read more: https://lnkd.in/e7d8bWBr MANTRA, DAMAC Properties, Shorooq, Amira Sajwani, John Patrick Mullin, Shane Shin (شين شن) 유근 #FintechNewsSaudiArabia #MANTRA #DAMACProperties #Shorooq #TokenizeAssets #RWA #Tokenization #DigitalAssets #Blockchain #Fintech #MiddleEast #UAE #SaudiArabiaFintechNews #Investment #AssetTokenization

Mastercard has introduced the latest expansion of its innovative Mastercard Crypto Credential solution to the #UAE and #Kazakhstan, marking its debut in the #EasternEurope, #MiddleEast and #Africa (EEMEA) region.  Mastercard Crypto Credential simplifies the consumer experience allowing crypto exchange users to send and receive #cryptocurrencies using simple aliases instead of complex #blockchain addresses, facilitated through Mastercard's partnerships with key exchanges and providers in the region. Read more: https://lnkd.in/euXi-ybk Mastercard, Gaurang Shah, Yagub Zamanov, Talgat Dossanov, Mo Ali Yusuf, Talal Tabbaa, Alan Ferguson #FintechNewsSaudiArabia #Mastercard #CryptoCredentialSolution #CryptoCurrency #Blockchain #Crypto #Bitcoin #Fintech #DigitalAssets #UAE #Kazakhstan #EEMEA #SaudiArabiaFintechNews

Commercial Bank International (CBI), a leading #UAE bank, has announced a strategic #investment in Boomitra, a pioneering carbon project developer and The Earthshot Prize winner. This #partnership aims to enhance regenerative #agriculture initiatives across the #MiddleEast, #Africa, and #Asia by leveraging AI-enabled solutions to empower farming communities and boost climate resilience. Read more: https://lnkd.in/dqATMpEK Commercial Bank International, Boomitra, Giovanni Everduin, Aadith Moorthy, Ganesh Babu K #FintechNewsSaudiArabia #CBI #Boomitra #Funding #Investment #regenerativeagriculture #AgriTech #AgriTechStartups #UAE #Startups #MiddleEast #Asia #Africa #SaudiArabiafintechNews

Mintiply Capital, a UAE-based advisory and investment banking firm specializing in mergers and acquisitions (M&As) and alternative investments, has announced a strategic #partnership with US-based Fuel Venture Capital. This collaboration aims to bolster #startup investments across the Gulf Cooperation Council (GCC) region, with a particular focus on the #UAE. Read more: https://lnkd.in/dBg7tPQm Mintiply Capital, Fuel Venture Capital, Hasnae Taleb, Jeff Ransdell, Maggie Vo, CFA #FintechNewsSaudiArabia #MintiplayCapital #FuelVentureCapital #Funding #Investment #Startups #GCCStartups #UAEStartups #Fintech #VCs #CapitalInvestment #UAE #SaudiArabiaFintechNews