Riyadh - Sharikat Mubasher: Muhlah Zamaniyah for Finance, a Riyadh-based financing company licensed by the Saudi Central Bank (SAMA), announced the successful closure of a SAR 28.25 million (approximately $7.5 million) seed investment round co-led by the Saudi venture studio BIM Ventures and the Japanese financial conglomerate SBI Group.
Muhlah will use the funding to accelerate its expansion and enhance its capabilities to deliver financing solutions that meet the individuals’ needs, while keeping pace with the growth of the Saudi fintech sector, the company announced in a statement today.
This milestone will allow Muhlah to support the growth of Shariah-compliant consumer microfinance in Saudi Arabia.
The round underscores the Kingdom’s continued support for the fintech sector through attractive investment and a regulatory environment that enables national companies to grow, expand, and compete.
In September 2025, Muhlah obtained SAMA’s license to engage in consumer microfinance activity through financial technology. It provides instant, digital Shariah-compliant financing solutions without the need for complex paperwork or branch visits.
