Kafaa Capital provides safe tech environment for fund seekers

GHADA.ISMAIL

Oct 30, 2024

Kafaa Capital applies the world’s highest cybersecurity standards

Riyadh – Exclusive Sharikat Mubasher: Kafaa Capital, a Saudi platform for sukuk financing and investment, licensed by the Capital Market Authority (CMA) to arrange the offering of debt and Sukuk instruments to investors, and provides post-offering services such as custody of debt instruments and trust services.

Sharikat Mubasher interviewed Abdullah Alaqil, Senior Investment Analyst at Kafaa Capital, and Eman Alarfaj, Business Analysis at Kafaa Capital on the sidelines of the Seamless Saudi Arabia 2024.

Alaqil elaborated on how Kafaa Capital works, as he said that the company finances companies by arranging the offering of Sukuk financial instruments, in order to use the proceeded funding for different purposes such as financing working capital, assets acquisition, and project finance. Thus, the financing can be used for short, medium, or long-term financing.

Alarfaj asserted that Kafaa Capital provides a safe tech environment, hosted by Oracle Cloud of Saudi Arabia. In addition, the company applies the world’s highest cybersecurity standards.

Alarfaj revealed that Kafaa Capital is partnering with data providers such as Elm, Saudi Credit Bureau (SIMAH), and Thiqah to be able to access all needed commercial data of fund seekers on their databases.

Seamless Saudi Arabia 2024, a landmark event in the realm of digital commerce, fintech, and retail, was held in Riyadh from 22 to 24 October, gathering industry leaders, decision-makers, small and medium-sized enterprises (SMEs), startups, and government representatives from around the world.

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Riyadh - Sharikat Mubasher: OmniOps, the leading AI infrastructure technology company in Saudi Arabia, formed a strategic partnership with Hamsa, the region’s Arabic-first voice AI platform, to deliver the technology to organizations across the Kingdom through locally managed infrastructure built for data sovereignty and regulatory compliance.Under this partnership, Hamsa's Arabic voice AI models, including Speech-to-Text, Text-to-Speech, and AI Agent capabilities, will be available exclusively through OmniOps' sovereign inference platform, Bunyan, according to the official statement released today.As Hamsa’s exclusive infrastructure in the Kingdom, Bunyan will power the deployment of its enterprise voice AI across the Kingdom.The partnership aims to meet organizations’ growing demand for AI systems that understand Arabic dialects, code-switching, and regional nuances, thereby meeting the Kingdom's evolving data governance and compliance requirements.Commenting on the partnership, Mohammed Altassan, CEO of OmniOps, stated: “Organizations across Saudi Arabia are looking to deploy advanced AI while maintaining control over where their data resides and how their workloads operate. Our partnership with Hamsa combines powerful Arabic voice AI with sovereign AI infrastructure, helping enterprises focus on delivering great services and experiences, while Bunyan handles the sovereignty and compliance layer."For his part, Ibrahim Jabareen, CEO of Hamsa, said: "Arabic is one of the world's most spoken languages, yet it has been consistently underserved by AI providers and services. Hamsa was built to change that, and partnering with OmniOps gives us the infrastructure foundation to bring that capability to Saudi enterprises at scale, in an environment they can trust. Together, we are making enterprise deployment of Arabic voice AI significantly easier."The partnership will support broader enterprise adoption of Arabic voice AI across Saudi Arabia, enabling organizations to deploy applications such as AI-powered call centers, virtual assistants, customer support, voice authentication, and internal knowledge assistants.

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