Saudi Arabia
$15M fund to support Indian startups in Saudi Arabia
India Accelerator (IA), India’s leading multi-stage, fund-led accelerator, is set to launch its accelerator program in Saudi Arabia, backed by a dedicated $15 million fund to support Indian startups e...
Goldman Sachs opens new office in Riyadh
Goldman Sachs today announced the official opening of its new office and regional headquarters (RHQ) in Riyadh, Kingdom of Saudi Arabia. Located in the King Abdullah Financial District (KAFD), the new...
Qwacks raises SAR 1.8 million from Merak Capital
Qwacks, a Saudi gaming technology startup building next-generation tools for game developers, has raised SAR 1.8 million in pre-seed funding from Merak Capital, a Saudi-based investment firm licensed ...
Binbar Investment and Joa Capital launch SAR 500 million Marhoon Fund
Binbar Investment, a company specialized in real estate investment solutions, announced the signing of a strategic partnership with Joa Capital, along with Rabeh serving as the fund’s technical adviso...
Exel by Merak, Saudi Bridge launches gaming accelerator
Exel by Merak, a subsidiary of Merak Capital and Saudi Arabia’s premier innovation company, and Saudi Bridge, the operational arm of Entrepreneurship Vision Association, have signed a cooperation agre...
BRKZ secures $30 million from Stride Ventures
BRKZ, the leading B2B managed marketplace for building materials in Saudi Arabia, has secured up to $30 million in growth debt from Stride Ventures. The facility will enhance BRKZ’s capabilities to of...
Saudi Arabia’s erad secures $33mln debt financing
erad, the Riyadh-headquartered alternative financing platform for SMEs, has raised $33 million in debt financing to expand its operations in Saudi Arabia and the rest of the GCC. The round was led by ...
Saudi National Bank to launch SME Financing platform
Saudi National Bank (SNB), the Kingdom’s largest financial institution, today announced plans to launch a first-of-its-kind Point-of-Sale (POS) lending solution for small and medium enterprises ...
Tamara secures new asset-backed facility of up to $2.4B
Tamara, the first homegrown Saudi fintech unicorn, has secured the largest asset-backed facility of its kind in the region of up to $2.4 billion from major financial institutions, including Goldman Sa...