Riyadh – Sharikat Mubasher: Sadq, a Saudi-based platform specializing in digital signatures and workflow authentication solutions, announced the successful closure of its Pre-Series A funding round, raising SAR 5.5 million.
According to an official press release, the round was led by X by Unifonic Fund, with participation from strategic investors, including a direct investment from Unifonic.
Founded in 2022 by Abdullah Allahuo and Salem Al-Badawi, Sadq has quickly become a key player in Saudi Arabia’s digital transformation push. The company previously raised seed funding through Sanabil 500 in 2023 and gained regulatory traction after securing the Digital Trust Services License from the Digital Government Authority (DGA). The license positioned Sadq as one of the few legally recognized digital signature providers in the Kingdom.
Abdullah Allahuo, Co-Founder and CEO of Sadq said: “This investment comes at a critical moment as Saudi Arabia’s digital trust landscape evolves. It enables us to advance our technology, expand strategic partnerships, and reinforce our role in providing secure, legally binding digital signature services.”
Sadq’s platform supports the legal enforceability of e-signatures under Saudi Arabia’s Evidence Law, particularly Article 58, enhancing adoption across both public and private sectors.
Meanwhile, Ahmed Hamdan, Unifonic CEO, emphasized the strategic value of the investment, noting its role in supporting the broader growth of the Kingdom’s digital trust and identity infrastructure.