Riyadh – Sharikat Mubasher: The Public Investment Fund (PIF) officially launched Tasama Business Services Company, a new commercial entity designed to strengthen Saudi Arabia’s business ecosystem and drive economic growth across both public and private sectors.

According to an official press release, Tasama is formed through the integration of BIAC—formerly part of PIF’s TAQNIA—with PIF’s own Shared Services Center. The new company offers a wide range of end-to-end business services, including finance, HR, procurement, project management, digital solutions, and incubation support.

According to Mohammed N. AlJasser, the company’s CEO, Tasama will play a strategic role in supporting national development goals by nurturing talent, accelerating innovation, and helping global companies set up regional headquarters in the Kingdom.

The launch aligns with PIF’s broader economic diversification strategy, aiming to boost local startup activity and position Saudi Arabia as a regional hub for business operations. Tasama plans to expand its services nationwide as it seeks to become the preferred provider of business solutions in the country.