Riyadh – Sharikat Mubasher: Kyriba, the global leader in liquidity performance, announced it will open a state-of-the-art data center in the Kingdom of Saudi Arabia in Q1 of 2025.
This expansion supports the Kingdom's 2030 vision initiative and emphasizes Kyriba's commitment to digital transformation, innovation, and sustainable regional growth, according to a press release.
The new data center will ensure full compliance with the Kingdom's regulatory mandates for data residency, empowering CFOs and treasurers with the confidence to optimize their liquidity performance.
Amer Chebaro, Sales Leader, CEMEA, Kyriba said: “Saudi Arabia's compliance regulations require that data be stored domestically and our new data center will help our customers meet these requirements. This investment also underscores our commitment to supporting our clients' digital transformation while helping them improve their overall liquidity performance.”
This data center will enhance the performance and reliability of Kyriba’s solutions, helping reduce latency while ensuring data remains secure within the region. This investment showcases Kyriba's unwavering commitment to delivering faster, more secure, and fully compliant experiences for its customers in Saudi Arabia, in line with local data sovereignty and regulatory mandates.
Kyriba offers CFOs a market-leading Liquidity Performance Platform that provides real-time visibility and control over global cash positions, transforming liquidity into a strategic growth lever. By localizing data storage, Kyriba is enhancing the user experience for its customers while providing them with an opportunity to securely boost operational efficiency, reduce latency and improve financial agility.
