Riyadh – Sharikat Mubasher: Tali Ventures, the investment arm of stc group, has made a strategic entry into the Islamic fintech space by leading a funding round in Tarmeez Capital, one of Saudi Arabia’s fastest-growing players in sukuk and debt instrument solutions.
According to a recent press release, the investment signals a new phase for Tarmeez, transitioning from a self-funded startup to a venture supported by a leading national institutional investor. It also reflects stc group’s broader ambition to back innovative digital finance platforms that contribute to the growth and sophistication of the Kingdom’s capital markets.
Nasser Al-Saadoun, Founder and CEO of Tarmeez Capital, commented: “This investment marks a pivotal milestone for Tarmeez Capital as we scale our offerings in the sukuk and debt market. We’re glad to partner with stc group, whose vision aligns with ours in advancing innovative, Sharia-compliant financial solutions. We’re also grateful to the Capital Market Authority for fostering an environment where fintechs can thrive, and to our exceptional team for their continued dedication and drive.”
Tarmeez Capital has arranged more than SAR 2 billion in financing for some 180,000 users and expanded its sukuk issuances by 459% over the past year. The firm’s proprietary technology can complete sukuk placements roughly seven times faster than traditional channels, opening Islamic‑compliant debt to both institutional and retail investors.
Saudi Arabia’s corporate debt market reached SAR 140 billion in 2024, with digital‑platform issuances climbing 127 percent to SAR 3.5 billion. stc group expects its backing to help Tarmeez scale its technology and product suite as demand for flexible, Sharia‑compliant funding rises.
Tarmeez has already financed contracts for Red Sea International and RASF Real Estate Development, supporting infrastructure and housing projects. The company says the new capital will advance its goal of expanding the sukuk and debt market to SAR 954 billion by 2030 while broadening retail access to ethical finance.
