Riyadh - Exclusive Sharikat Mubasher: Torod, a leading Saudi provider of logistics and shipping services, aims to make logistics services easier for merchants and online stores alike, Co-founder and CEO Faisal Almaklas stated in an interview with Sharikat Mubasher.

On the sidelines of Biban 2025, Almaklas noted that the company is moving forward toward its mission, supported by government entities such as the Small and Medium Enterprises General Authority (Monsha’at) and the Ministry of Communications and Information Technology (MCIT), in line with Vision 2030’s objectives.

He highlighted that Torod successfully closed its first investment round, valued at SAR 5 million, three months after the launch. This investment enabled the company to build an innovative team that provides a unique business model across the region.

After two years of operation and serving tens of thousands of merchants, Torod closed its second funding round, amounting to SAR 42 million, Almaklas added.

He further clarified that the number of active shipping companies in Saudi Arabia rose to 250, up from 30 before the COVID-19 pandemic. This inspired Torod’s team to automate the process of reaching service providers.

Biban 2025 took place in Riyadh from 5 to 8 November, gathering startup founders, investors, global CEOs, policymakers, and thought leaders. It welcomed over 200 local and international speakers and 1,000 exhibitors from 150 countries to spark strategic partnerships, unveil new agreements, and create financing, training, and advisory solutions to accelerate the growth of startups and SMEs.