Riyadh – Sharikat Mubasher: AstroLabs, a leading business expansion platform in the Gulf, signed a strategic partnership with Saudi Awwal Bank (SAB) to support fast-growing companies entering the Saudi market.
The collaboration aims to simplify the market entry process while contributing to the Kingdom’s Vision 2030 target of raising private sector GDP contribution to 65%, as per the official press release.
The partnership offers a full suite of services for companies setting up in Saudi Arabia, including business formation, licensing, office setup, and long-term growth support. It also connects new entrants to SAB’s financial infrastructure and AstroLabs’ expansion expertise.
Saeed Assiri, Chief Innovation Officer at SAB, said the move reflects the bank’s commitment to fostering innovation and fueling economic diversification in the Kingdom. “By providing support to fast-growing international companies navigating their entry into the Kingdom, this partnership will help stimulate further growth of the national economy, thereby empowering our capabilities and enabling a prosperous future for the coming generations,” he added.
Roland Daher, AstroLabs CEO, emphasized the synergy between the two entities: “We’re bringing together our deep expansion know-how with SAB’s financial infrastructure to give businesses exactly what they need to get moving fast and start operating with confidence in the Kingdom.”
The alliance will also unlock access to top talent, innovation programs, and new partnership opportunities through SAB and AstroLabs’ growing networks.
