Riyadh – Exclusive Sharikat Mubasher: Dhari Al Mutawa, Founder and CEO of delivery services platform iCARRY, said the company’s valuation is set to surpass $100 million following its entry into the Saudi market.

Speaking to Sharikat Mubasher on the sidelines of Seamless Saudi Arabia 2025 in Riyadh, Al Mutawa described the Kingdom as one of the region’s largest and most attractive markets for retail and e-commerce.

He noted that iCARRY is the only company in the region with four main offices across Saudi Arabia, the UAE, Kuwait, and Lebanon, giving it broad regional reach and the ability to support logistics networks across multiple markets.

Al Mutawa said the platform currently partners with more than 60 shipping companies, including major regional players. Around 10 of these operate in Saudi Arabia, with expectations for that number to grow in the coming two months.

He added that iCARRY has a strong technical team focused on analyzing market needs and building solutions that help small businesses scale through the platform.

Al Mutawa highlighted the creativity and fresh ideas of Saudi youth in the e-commerce sector, noting that similar talent exists across the Gulf, positioning the industry as one of the region’s most promising over the coming years.

Seamless Saudi Arabia 2025, the Kingdom’s most comprehensive event for digital commerce, next-generation payments, and embedded finance, runs from 17 to 19 November in Riyadh, gathering merchants, SMEs, retailers, banks, and payment providers to discover the latest innovations in the digital commerce and payments ecosystem.

With the theme ‘The Future of Digital Commerce,’ this three-day conference hosts over 600 speakers, more than 600 exhibitors, and over 25,000 attendees from around the globe.