Bahrain Unlocks Golden Residency: Lowering Investment Threshold to Fuel Entrepreneurship
06 Dec 2025
- Details
- Written by: Admin Admin
- Category: News
- Hits: 963
Saudi Arabia-based Revival Lab will establish “Fin-tactics Ventures", a venture builder specialised in fintech, insuretech and regtech, supported by a $40 million venture capital fund managed by Arbah Capital to invest in startups based in Saudi Arabia, the Middle East and the rest of the world.
Fintactics Ventures has come together through several partnerships including Aion Digital, which specialises in providing technical solutions to the financial sector in the region, Bitfy Holdings to provide blockchain services and Holol, a services platform to facilitate and enhance housing finance options in Saudi Arabia.
Press release:
Revival Lab announces the venture builder, "Fin-tactics Ventures", at the World Fintech Show conference as the first venture builder specialised in fintech, insurance and regulatory technologies in the region, and supported by 150 million riyals venture capital, approved by the Capital Market Authority (CMA) and managed by Arbah Capital to invest in promising opportunities in the sector in the Kingdom, the Middle East and the rest of the world.
The announcement included the signing of a partnership agreement between Fin-tactics Ventures and Aion Digital, represented by its Chairman, Mr Abdullatif Al-Rajhi, a company that specialised in providing technical solutions to the financial sector in the region. In light of this partnership, the joint venture (Lizam) was announced to create an integrated digital experience that is compatible with customer requirements and achieve the necessary flexibility by providing the service (RegTech-as-a-Service) with all the capabilities required for digital onboarding, eKYC, and compliance. In addition to verification by regulators to combat risk and fraud. This partnership aims to shape the financial landscape of the future and to develop and promote the expansion of well-built digital products.
The event also included other important partnerships, including signing with Bitfy Holdings to provide blockchain services and accelerate the adoption of its specialised technologies in the financial and non-financial sectors in the Kingdom. It is worth noting that " Fin-tactics Ventures has been a shareholder in Bitfy Holdings, fintech experts through direct investment within the latest investment round. Fin-tactics has also signed with one of the major banks in Brazil, Banco de Brazil, to provide fintech solutions to provide blockchain technology as well.
During the conference, another agreement was also signed to launch Holol, a services platform to facilitate and enhance housing finance options in the Kingdom of Saudi Arabia.
Mahmoud Al-Kohji, CEO of Arbah Capital, mentioned: “We are now witnessing a notable flow of opportunities with unique quality, and through this cooperation, we are committed to creating a suitable business environment to enhance excellence and growth in the financial sector.”
According to Mohammed Al-Maghlouth, CEO of Revival Lab: “We have worked to provide innovative initiatives for the financial sector in the Kingdom of Saudi Arabia, and we aim to enable the fund to support other regions globally.”
Haitham Al-Sahafi, CEO of Fintactics Ventures, said: “As a venture builder specialised in fintech, we seek to make Fintactics Ventures the initiator and supporter of rapid growth in the sector on solid foundations creating an attractive environment for competition and entrepreneurship by providing resources and capabilities through cooperation to accelerate the development process in startups, and be among the recent organisations to strengthen the national ecosystem in the field.”
source: Wamda
- Details
- Written by: Admin Admin
- Category: News
- Hits: 963
Saudi Arabia-based digital freight network TruKKer, has raised $100 million in a pre-IPO round, led by Bahraini investment firm Investcorp who alone invested $51 million.
This investment is part of the recently launched Investcorp Saudi Pre-IPO Growth Fund LP, targeting equity growth capital investments across a range of companies primarily based in Saudi Arabia with the potential to access the capital markets within three years.
Founded in 2016 by Pradeep Mallavarapu and Gaurav Biswas, TruKKer currently serves over 700 enterprises and boasts a fleet of more than 40,000 trucks.
Last February, TruKKer raised $96 million in a mix of equity and debt for its Series B financing, led by ADQ and STV, with participation from Mubadala and other investors.
Press release:
Investcorp, a leading global alternative investment firm, today announced that Investcorp Saudi Pre-IPO Growth Fund LP led the Pre-IPO round in privately-held TruKKer Holding Limited, MENA’s largest digital freight network with a leading position across Saudi Arabia, the United Arab Emirates, Egypt and neighbouring countries. Investcorp led the initial close of this round with a $51 million investment alongside new and existing investors.
Hazem Ben-Gacem, Co-Chief Executive Officer of Investcorp commented: “Saudi Arabia is increasingly rich in highly investable companies, from fast-growth technology businesses like TruKKer to long-established family businesses that have grown consistently and are now looking for capital to implement more ambitious expansion plans. We are seeing a lot of interest in pre-IPO rounds as scale-ups secure greater market share and more Saudi businesses prove themselves successful on a national and regional basis.
TruKKer is just one example of the kind of company that we believe will prove attractive to institutional investors as the Saudi ecosystem matures, and our Pre-IPO fund will focus on exactly these kinds of high-growth businesses.”
“We are excited to add TruKKer to our portfolio and are keen to work with the founders of this regional champion to explore a possible market listing, as a continuation of our strategy and in line with our track record,” said Walid Majdalani, Head of Private Equity MENA and Southeast Asia at Investcorp.
“Thanks to its proprietary technology, TruKKer is ideally positioned to continue its strong growth while reducing carbon emissions across its markets. We look forward to our partnership with TruKKer and contributing our strategic and capital markets resources as well as our local and global insights to accelerate the company’s next phase of growth.”
This investment is part of the recently launched Investcorp Saudi Pre-IPO Growth Fund LP, targeting equity growth capital investments across a range of companies primarily based in Saudi Arabia with the potential to access the capital markets within 3 years. The fund provides investors with an opportunity to gain exposure to growing and market-leading businesses in strategic, high growth and underserved sub-sectors such as business services, transport and logistics, healthcare and consumer.
The United Arab Emirates and Saudi Arabia are key markets for TruKKer and represent a significant portion of the company’s revenues. The United Arab Emirates market has witnessed strong growth over the years in large part due to the development of UAE – KSA cross-border lanes with over 30,000 annual shipments transported by TruKKer, a key value proposition as the company continues to focus on scaling its network and looking to gain market share.
“TruKKer is at a key inflection point towards scaling its network and market share. Today, the company continues to grow exponentially serving over 700 B2B enterprise clients and is on track to cross $200 million in revenues in 2022. The TruKKer team is proud to be delivering on its vision of making a positive contribution to the community by having close to 10,000 drivers generating more than 70% of their monthly income on the TruKKer platform.
Our technology also enables us to optimize truckloads to reduce empty miles and idle time thereby helping us achieve our sustainability objectives.” commented Gaurav Biswas, Founder & CEO of TruKKer.
“We welcome Investcorp and are excited to partner with them through the next growth chapter of the company. Together with our partners, we look forward to continuing to bolster the company and create significant shareholder returns with a focus on healthy unit economics” adds Gaurav.
In 2008, Investcorp established a dedicated presence in Saudi Arabia, and TruKKer marks Investcorp’s eighth investment in the country, with multiple successful public listings on the Saudi Stock Exchange, including BinDawood Holdings, Theeb Rent A Car, Leejam Sports Company and L’Azurde.
source: Wamda
- Details
- Written by: Admin Admin
- Category: News
- Hits: 1099
- KSA-based fintech HyperPay has raised $36.7 million in a funding round led by Mastercard, with participation from Amwal Capital Partners and AB Ventures.
- Founded in 2010 by Muhannad Ebwini, HyperPay is a payment gateway that offers merchants payment processing services, such as risk and fraud management, monitoring system, instalments and invoicing systems among others.
- This new funding round will support HyperPay’s regional expansion plans into Egypt, Qatar and Oman. It will also enable HyperPay to grow its tech team and invest in product research and development, to introduce new payment technology solutions with speed.
Press release:
KSA-based and MENA servicing payments services provider HyperPay has successfully raised $36.7 million (SAR 138 million) in a funding round led by Mastercard with investments from Amwal Capital Partners and AB Ventures. Founded by Muhannad Ebwini, HyperPay offers merchants a broad array of products and services in addition to payment processing, including risk and fraud management, monitoring system, instalments and invoicing systems among others.
The transaction with Mastercard will help accelerate HyperPay’s expansion beyond payments to deliver a complete suite of financial products that meet the evolving needs of its customers across all verticals.
The partnership will allow HyperPay to offer new services to help businesses, governments and SMEs move from cash-based payments to a frictionless and seamless ecosystem utilising the innovative capabilities of both HyperPay and Mastercard.
Muhannad Ebwini, Founder and CEO of HyperPay commented, “HyperPay is delighted to welcome Mastercard, Amwal, and AB Ventures as new investors and we are confident of the value-add they bring to our company to achieve its long-term growth strategy. This successful funding round is a testament of the investors' interest in the payments sector in KSA and the GCC as a whole and its attractive long-term perspectives.”
This new funding round will support HyperPay’s regional expansion efforts, broadening its market to Egypt, Qatar, and Oman. It will also enable HyperPay to grow its tech team and invest in product research and development, to introduce new payment technology solutions with speed.
“The proceeds from the round will be directed towards creating innovative solutions that will redefine the future of cashless payments in the MENA region. They will help us accelerate our growth beyond payments and allow us to deliver a wide array of products. We have earned our reputation by being quick to respond to the dynamic needs of our partners.” Ebwini concluded.
source: Wamda
- Details
- Written by: Admin Admin
- Category: News
- Hits: 856
عرفت المملكة العربية السعودية نمواً سريعاً في تمويل الشركات الناشئة خلال السنوات القليلة الماضية إذ باتت حصة الشركات الناشئة السعودية من التمويل الجريء تبلغ نحو 24% من إجمالي تمويل الشركات الناشئة في الشرق الأوسط، وهو ما جعلها تحتل المركز الثاني في تمويل الشركات الناشئة بعد الإمارات في عام 2021.
يأتي دعم نمو الاستثمار الجريء، وتوفير البيئة الاستثمارية المناسبة لازدهار الشركات الناشئة، في إطار رؤية 2030 لتنويع الاقتصاد السعودي. وفي هذا السياق أيضاً أتت استضافة مدينة الرياض للمؤتمر العالمي لريادة الأعمال تحت شعار "نعيد - نبتكر - نجدد" الذي استمرت أعماله على مدار 4 أيام (بين 26 و29 مارس/آذار)، وقد شارك في المؤتمر أكثر من 150 متحدثاً في أكثر من 100 جلسة نقاش، وذلك بحضور رواد أعمال ومستثمرين وصناع قرار من 180 دولة. جرى خلاله توقيع 100 اتفاقية وجولة تمويلية بقيمة إجمالي بلغت نحو 13.8 مليار دولار (أكثر من 51.8 مليار ريال سعودي). في السطور الآتية ستتعرف على أبرز الصفقات والاتفاقيات التي جرت خلال فعاليات المؤتمر.
برامج ومنتجات تمويلية بأكثر من 7.3 مليار ريال
وقعت الهيئة العاملة للمنشآت الصغيرة والمتوسطة "منشآت" مجموعة من اتفاقيات التعاون لإطلاق برامج ومنتجات تمويلية خلال السنوات الخمس القادمة مع عدد من البنوك، وتشمل الاتفاقيات الموقعة؛ اتفاقية مع مصرف الراجحي لإطلاق برامج ومنتجات تمويلية مبتكرة بقيمة ملياري ريال، واتفاقية مع بنك البلاد لتقديم برامج ومنتجات تمويلية مبتكرة بملياري ريال.
كما وقعت "منشآت" عدة اتفاقيات تعاون مع البنك العربي الوطني بقيمة إجمالي تفوق المليار ريال، وذلك في إطار إطلاق برامج ومنتجات التمويلية المبتكرة المبكرة. كذلك وقعت "منشآت" مع البنك العربي الوطني اتفاقية لإطلاق بطاقة الائتمان للمنشآت الصغيرة والمتوسطة بمبلغ 50 مليون ريال. كذلك وقع البنك الأهلي السعودية على اتفاقية تعاون لمنتج وبرامج تمويلية مبتكرة بقيمة مليار ريال، واتفاقية لدعم برنامج الابتكار بقيمة 2.7 مليون ريال.
"كفالة" 12 إتفاقية بـنحو 6 مليارات ريال
وقع برنامج ضمان التمويل للمنشآت الصغيرة والمتوسطة السعودي "كفالة" على 12 اتفاقية تعاون بقيمة بلغت نحو 6 مليارات ريال، هذا إلى جانب عدد من مذكرات التفاهم. وكان من بين أطراف الاتفاقيات الموقعة؛ وزارة النصاعة والثروة المعدنية، ووزارة الشؤون البلدية والقروية والإسكان، ووزارة الرياضة، وصندوق التنمية الثقافي وصندوق التنمية السياحي، وبرنامج تطوير الصناعات الوطنية "ندلب"، بالإضافة إلى جامعة الملك سعود، وجامعة الجوف، وشركة ركن العمل لحاضنات ومسرعات الأعمال.
بنك التنمية الاجتماعية السعودية يخصص 11 مليار لرواد الأعمال
أعلن بنك "التنمية الاجتماعية السعودي" خلال فعاليات المؤتمر عن تخصيصه لنحو 11 مليار ريال لتمويل شركات رواد الأعمال في المملكة، وذلك خلال السنوات الثلاث المقبلة. وقد وقع البنك مجموعة من الاتفاقيات مع عدد من الجهات، منها: الهيئة الملكية للجبيل وينبع، ومعهد ريادة الأعمال الوطني.
ضم 40 ألفاً شركة إلى أمازون السعودية
وقعت "منشآت" وعملاق تجارة التجزئة أمازون على مذكرة تفاهم لضم 40 ألفاً من المنشآت الصغيرة والمتوسطة لمتجرها في السعودية بحلول 2025، كما تضمنت المذكرة على دعم أمازون للمؤسسات الصغيرة والمتوسطة بالقدرات اللوجستية والأدوات والبرامج التي تقدمها امازون للبائعين.
صندوق للتمويل الأولي للشركات الناشئة بـ40 مليون دولار
وقعت الشركة السعودية لرأس المال الاستثماري (SVC) اتفاقية شراكة مع Flat6Labs تهدف إلى إطلاق "صندوق التمويل الأولي للشركات الناشئة" وبرنامج Flat6Labs Riyadh Seed لتمكين أكثر من 60 شركة ناشئة سعودية على مدى السنوات الثلاث المقبلة. وبحسب البيان الصحفي فإن هدف الصندوق خلال الاثني عشر شهراً القادمة، هو جمع 40 مليون دولار (150 مليون ريال)، للاستثمار في الشركات الناشئة في مراحلها الأولى العاملة في قطاعي التكنولوجيا والابتكار في المملكة العربية السعودية. حيث ستتراوح قيمة الاستثمار الذي ستحظى به كل الشركة ما بين 200 ألف دولار إلى 400 ألف دولار، كما تضمنت الاتفاقية تقديم برنامج Flat6Labs Riyadh Seed، والذي سيوفر لرواد الأعمال السعوديين برنامج تسريع البذور لمدة أربعة أشهر. هذا بالإضافة إلى التمويل الذي سيمكن الشركات من استكمال توسعها داخل وخارج المملكة العربية السعودية.
صندوق "سند2" لدعم تمويل الشركات الناشئة
أطلقت شركة سابك الرائدة في مجال إنتاج الكيماويات المتنوعة صندوق نساند "2" مع شركة الأهلي المالية بقيمة 750 مليون ريال لغرض الاستثمار في المشاريع الصغيرة والمتوسطة التي تنشط في القطاع الصناعي، وإتاحة الفرصة للشركات الناشئة في هذا القطاع للاستفادة من خبرات سابك والخدمات الاستثمارية لشركة الأهلي المالية، لدعم وتوطين التقنيات.
"طيران ناس" الأكبر في المنطقة
أقرّ مجلس إدارة شركة "طيران ناس"، الناقل الجوي السعودي الاقتصادي، طلب طائرات جديدة بعدد 250 طائرة، وبحسب بندر المهنا الرئيس التنفيذي لطيران ناس، بإن الطائرات الجديدة ستجعل طيران ناس أكبر شركة طيران اقتصادي في الشرق الأوسط وشمال أفريقيا.
- Details
- Written by: Admin Admin
- Category: News
- Hits: 1242
Saudi Arabian oil giant Aramco will invest in the development of a major integrated refinery and petrochemical complex in Northeast China.
Huajin Aramco Petrochemical Company (HAPCO), a joint venture between Aramco, North Huajin Chemical Industries Group Corporation and Panjin Xincheng Industrial Group, will develop the liquids-to-chemicals complex, according to a statement from the oil giant.
The facility will be built in the city of Panjin, in China’s Liaoning Province and is expected to be operational in 2024.
Aramco will supply up to 210,000 barrels per day of crude oil feedstock to the complex. The greenfield project will include 300,000 bdp refinery capacity and petrochemical units.
Mohammed Al Qahtani, Aramco Senior Vice-President of Downstream, said: “Continued energy security remains a shared priority and this partnership represents another major milestone in our journey together, supporting China’s vision to create a modern economy grounded in innovation, ambition and sustainability. It will further support Aramco’s broader objective of becoming a global leader in liquids-to-chemicals.”
The decision, which is subject to finalization of transaction documentation, regulatory approvals and closing conditions, follows the establishment of HAPCO in December 2019 between the three partners.
Source: Zawya
Featured - Bahrain
About Us
Enjoy the power of entrepreneurs' platform offering comprehensive economic information on the Arab world and Switzerland, with databases on various economic issues, mainly Swiss-Arab trade statistics, a platform linking international entrepreneurs and decision makers. Become member and be part of international entrepreneurs' network, where business and pleasure meet.
Popular Items
Recent News
Contact Us
Please contact us :
Cogestra Laser SA
144, route du Mandement
1242 Satigny - Geneva
Switzerland