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Private Companies News

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Apr 18, 2024

SVC invests in 40 funds, deploys SAR 1.2 bn capital

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Virgin Mobile Saudi, Hitek to develop smart cities in Kingdom
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Apr 18, 2024

Virgin Mobile Saudi, Hitek to develop smart cities in Kingdom

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Saudi EXIM Bank signs reinsurance deals with Swiss entities
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Apr 18, 2024

Saudi EXIM Bank signs reinsurance deals with Swiss entities

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Aljadaan: decisive financial policies bolster sustainability
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Apr 18, 2024

Aljadaan: decisive financial policies bolster sustainability

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Funding Rounds And M&A News

Rakeez Capital raises SAR 7.5 mn seed round
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Mar 10, 2024

Rakeez Capital raises SAR 7.5 mn seed round

Riyadh - Sharikat Mubasher: The Saudi fintech company Rakeez Capital secured SAR 7.5 million in a seed round led by Core Vision Investment Company, the fintech company announced in a statement.Rakeez Capital, launched in 2023, is licensed by the Capi

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Moyasar secures SAR 78 mn in seed round at LEAP 2024
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Mar 7, 2024

Moyasar secures SAR 78 mn in seed round at LEAP 2024

Riyadh - Sharikat Mubasher: The Saudi financial company Moyasar successfully secured SAR 78.75 million in a seed round led by Jahez, with participation from Derayah Ventures, on the sidelines of LEAP 2024.Moyasar will allocate the proceeds to innovat

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LEAP 2024 witnesses launching $835mn investment funds
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Mar 5, 2024

LEAP 2024 witnesses launching $835mn investment funds

Riyadh - Sharikat Mubasher: The second day of LEAP 2024, the most-attended tech event in the world, witnessed the launch of seven investment funds worth around $835 million.The largest fund, worth $500 million, was launched by the Saudi Venture Capit

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Startups secure momentous investments at LEAP 2024
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Mar 5, 2024

Startups secure momentous investments at LEAP 2024

Riyadh - Sharikat Mubasher: Several startups secured multiple investments through different types of funding rounds during LEAP 2024, reinforcing Saudi Arabia’s position as a central hub for technology, innovation, and entrepreneurship.The Saud

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Talabatcom closes seed round
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Mar 3, 2024

Talabatcom closes seed round

Riyadh - Sharikat Mubasher: The Saudi-based delivery services provider Talabatcom successfully closed an undisclosed seed funding round with participation from Saudi investors, the company revealed in a statement.The company will dedicate the proceeds to partner with more stores and reach a wider customer base.Talabatcom, founded in 2023 by Hossam Al Raddady, offers a full suite of delivery services to make the delivery process more efficient and affordable. It offers customers a seamless experience to order, track, and receive their orders.Al Raddady, who is also CEO of Talabatcom, stated that the application’s business model caters to the needs of the delivery sector by providing delivery services in nearby districts swiftly and at a lower cost.

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MSMEs receive SAR 257 bn credit facilities in Q4-23
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Feb 28, 2024

MSMEs receive SAR 257 bn credit facilities in Q4-23

Riyadh - Sharikat Mubasher: The total volume of credit facilities provided to micro, small, and medium-sized enterprises (MSMEs) in Saudi Arabia reached SAR 275.6 billion during the fourth quarter (Q4) of 2023, compared to SAR 268.5 billion in the previous quarter.A recent report issued by the Saudi Central Bank (SAMA) showed that banks provided SAR 258.2 billion of the total credit facilities while financial companies extended facilities amounting to SAR 17.3 billion in Q4-23.Medium enterprises seized the largest share of total credit facilities at SAR 158.4 billion, followed by small enterprises that obtained facilities worth SAR 92.3 billion.The total volume of credit facilities extended to micro-sized enterprises touched SAR 24.9 billion in Q4-23.

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Cloud Shelf raises SAR 14 mn pre-Series A round
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Feb 28, 2024

Cloud Shelf raises SAR 14 mn pre-Series A round

Riyadh - Sharikat Mubasher: Saudi cloud store company Cloud Shelf secured SAR 14.1 million in a pre-Series A round, with participation from Jahez, Impact46, GSI Ventures, Seedra Ventures, and RZM Investment, the company announced in a statement.Cloud

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Elkuwaiz: VC funding surpasses SAR 1.7 bn in 2023
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Feb 21, 2024

Elkuwaiz: VC funding surpasses SAR 1.7 bn in 2023

Riyadh - Sharikat Mubasher: The total volume of venture capital (VC) funding in Saudi Arabia exceeded SAR 1.7 billion in 2023, Chairman of the Capital Market Authority (CMA) Mohammed Elkuwaiz said.In a discussion session during the Saudi Capital Mark

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Saudi startup Pieship closes pre-seed round
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Feb 19, 2024

Saudi startup Pieship closes pre-seed round

Riyadh - Sharikat Mubasher: Saudi logistics startup Pieship closed a pre-seed investment round with participation from SEEDRA Ventures, Nama Ventures, and angel investors, a recent statement unveiled.The startup did not reveal the round’s value

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Kema raises $2mn pre-seed round
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Feb 14, 2024

Kema raises $2mn pre-seed round

UAE - Sharikat Mubasher: Kema, a Fintech platform based in the UAE, secured $2 million in a pre-seed funding round led by Speedinvest, with participation from Dubai Foundation District Fund (DFDF), a recent press release stated.The proceeds will enab

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Companies News & Announcements