Riyadh - Sharikat Mubasher: Saudi financial company Blominvest announced the acquisition of a 30% stakes in LeadersSoft, a Saudi-based provider of innovative IT solutions that drive digital transformation, to diversify its technology investment portfolio.

Through this partnership, Blominvest will develop innovative digital solutions and products that meet the market’s needs and fuel the growth of local investment technologies, the company announced in a statement yesterday.

The acquisition is part of a broader strategy aimed at forging effective partnerships that enhance integration with promising technology firms and supporting the development of innovative services and solutions that contribute to accelerating digital transformation.

This collaboration will help Blominvest improve the efficiency of investment solutions and raise competitiveness in the market. By combining their expertise and capabilities, both parties will develop groundbreaking digital solutions that enhance operational efficiency, expand the reach of digital services, and offer new opportunities to grow and expand into regional markets.

 Abdullah Alrashoud, Managing Director and CEO of Blominvest, affirmed that the acquisition marks a significant step in the company’s journey towards strengthening its technology presence. He highlighted that the partnership with LeadersSoft will contribute to developing investment digital solutions that meet customers’ goals and promote growth opportunities in investment portfolios.

Moreover, the partnership reflects a shared commitment of both sides to supporting tech innovation and investing in future-led solutions, ultimately enhancing their capabilities to provide long-term value in the technology sector.