Riyadh - Sharikat Mubasher: Wadaie, the leading company in the field of financial technology, announced signing an agreement with the Arab National Bank (anb) aiming at developing new financial services for savings and time deposits.

Abdullah Alandas, Founder and CEO of Wadaie said on this occasion: “This agreement embodies our company’s commitment to widen the scoop of financial products that cater to savings and time deposits as well as enhance its credibility and provide easy access to it for users in line with the strategic objectives and pillars of the financial sector development program”.

Worth mentioning that Wadaie has recently obtained permission from the Central Bank of Saudi Arabia to operate as a Time Deposit Aggregator within the Saudi Arabian money market. This significant milestone establishes Wadaie as the inaugural Saudi platform specializing in Sharia-compliant time and savings deposit products.

Serving as a pivotal bridge between individuals, entities, and all banks in Saudi Arabia, Wadaie provides access to the highest return time deposit from all banks seamlessly.

This step signifies a watershed moment in the Fintech industry, affirming its unwavering commitment to innovation, inclusivity, and Sharia compliance.

 As Wadaie continues to revolutionize money market products, it aspires to enrich the financial ecosystem by offering a smooth, rewarding, and ethically aligned avenue for both individual and corporate depositors alike.