logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Tamweel Aloula plans to broaden its financial products

Tamweel Aloula plans to broaden its financial products

NOHA.GAD
Nov 7, 2024
Tamweel Aloula plans to expand its financial product portfolio in the near future

Riyadh - Exclusive Sharikat Mubasher: Tamweel Aloula, one of the first financing companies in Saudi Arabia, plans to develop and add more financing products to its portfolio within the upcoming period, Head of SME Unit Faisel Soliman stated in an interview with Sharikat Mubasher.

On the sidelines of Biban 2024, the official clarified that the company recently added two products: Real Estate Financing and Point-of-sale (POS) financing.

Tamweel Aloula provides a wide range of financing products for individuals and small and medium-sized enterprises (SMEs), including the Shariah-compliant finance method, Tawarruq, and Ijara service, Soliman noted.

The company, licensed by the Saudi Central Bank (SAMA), provides a unique digital experience that facilitates the process of obtaining financing solutions and offers financing solutions that meet the demands of the community.

Biban 2024, organized by the Small and Medium Enterprises General Authority (Monsha’at), takes place in Riyadh from 5 to 9 November, with the participation of more than 1,350 local and international exhibitors, over 250 speakers, and more than 150 enablement entities from around the world.

It targets creating a stimulating environment, raising administrative, financial, and technical competencies, and motivating the owners of ideas to launch their projects by allowing them to meet with local and global experts and share knowledge with key decision-makers and investors.

Throughout five days, Biban 2024 is expected to provide 10,000 investment and entrepreneurial opportunities, 420 workshops for over 19,000 beneficiaries, and consultation and guidance sessions for more than 5,000 beneficiaries.   

Tags

Saudi Arabia
Biban 2024
Financing
SMEs
Share

Attract clients with your ad

Start Now

Trending

Savvy Group in talks to buy Moonton for more than $6bn
MUBASHER.SA
CEO: Keheilan to launch $8m deep tech fund in Saudi Arabia
MUBASHER.SA
Backed by AstroLabs, AirX expands into Saudi Arabia after GACA approval
MUBASHER.SA
Aramco partners with Microsoft to advance industrial AI in Saudi Arabia
Riyadh - Sharikat Mubasher: Saudi Aramco, one of the world's leading integrated energy and chemicals companies, signed a non-binding memorandum of understanding (MoU) with Microsoft to accelerate the adoption of industrial artificial intelligence (AI), enhance digital capabilities, and strengthen workforce development in Saudi Arabia.Supported by Microsoft, Aramco will explore a series of digital initiatives designed to drive its broader digital transformation, the company announced in a recent statement.The MoU includes several areas of focus, notably digital sovereignty and data residency, operational efficiency and digital infrastructure, industry alliance framework, and industrial AI IP co-innovation.Aramco will also explore various AI-driven industrial solutions built on Microsoft Azure to help improve operational efficiency, elevate global competitiveness, and establish new models for technology-enabled energy and industrial systems.Ahmad Al Khowaiter, Aramco Executive Vice President of Technology and Innovation, affirmed the company’s commitment to driving the energy sector’s digital transformation by creating a secure, intelligent, and collaborative digital ecosystem.“In partnership with Microsoft, we seek to further scale cutting-edge digital and AI solutions in that sector to achieve efficiency and innovation, without compromising the highest standards of security and governance,” he added.In turn, Brad Smith, Vice Chair and President of Microsoft, stated that the partnership marks the next step in Microsoft’s long-standing collaboration with Aramco, exploring how industrial AI can move from pilots into core operations to improve efficiency and resilience at scale.Aramco and Microsoft will also explore programs to help accelerate digital and technical skills development across Saudi Arabia. This includes building capabilities in AI engineering, cybersecurity, data governance, and product management, supported by measurable outcomes. 
Madfu closes SAR 95 mn pre-series A to expand BNPL offering
MUBASHER.SA

Related News

Funding News
Calendar Icon
Feb 15, 2026
Madfu closes SAR 95 mn pre-series A to expand BNPL offering
Read More
Funding News
Calendar Icon
Feb 11, 2026
QuicKart secures $1.5mn to scale operations in UAE’s fresh produce market
Read More
Funding News
Calendar Icon
Feb 10, 2026
Routech Express secures SAR 3.75 mn in pre-seed round
Read More
Funding News
Calendar Icon
Feb 9, 2026
ThrowMeNot raises $550k pre-seed to tackle food waste in UAE
Read More
Funding News
Calendar Icon
Feb 9, 2026
UAE’s omnispay collects $2mn in pre-series A round, eyes Saudi expansion
Read More
Funding News
Calendar Icon
Feb 9, 2026
InvestSky secures $4mn, obtains CMA’s approval to expand in Saudi Arabia
Read More
Funding News
Calendar Icon
Feb 9, 2026
Simplified Financial Solutions closes $20 series A round
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher