Riyadh - Exclusive Sharikat Mubasher: The crowdfunding activities of Emkan Alarabiya, a renowned financial company based in Saudi Arabia, are estimated at more than SAR 100 million, according to Moath Alquraishi, Senior Financial Analyst at Emkan Alarabiya.
In an interview with Sharikat Mubasher on the sidelines of 24 Finetch, Alquraishi revealed that the company issued Sukuk worth around SAR 60 million, while the value of Sukuk under settlement amounted to SAR 60 million.
He pointed out that the company concluded collaboration agreements with Mozn and Simah during the 24 Fintech summit, without revealing further details.
Emkan Alarabiya received a license from the Saudi Capital Market Authority (CMA) to provide arranging activities in the securities business and crowdfunding services.
24 Fintech takes place in Riyadh from 3 to 5 September, with the participation of more than 300 exhibitors and over 350 investors. It gathers regulatory bodies, policymakers, investors, technology experts, and industry leaders from around the world.
It serves as a platform for global thought leaders across finance, policy, technology, investment, and academia to discuss several topics, including, fintech regulation and governance, artificial intelligence and machine learning in financial operations, financial inclusion, cybersecurity and big data, embedded finance, and more.