Saudi Arabia

Riyadh Valley Company invests in IMPACT46 Fund III

Riyadh Valley Company, the investment arm of King Saud University, announces its investment in IMPACT46 Fund III. IMPACT46 Fund invests in technology startups that provide...

EVIQ Launches State-of-the-Art R&D Facility for Electric Vehicle Chargers in Saudi Arabia

Saudi Arabia EVIQ, the Electric Vehicle Infrastructure Company, a newly launched joint venture between the Public Investment Fund (PIF) and the Saudi Electricity Company (SEC),...

Saudi issues rules regulating ‘Buy Now Pay Later’ companies

Saudi Arabia The Saudi Central Bank (SAMA) has issued “Rules for regulating buy now pay later (BNPL) companies”, as part of its role in supervising...

Lendo Secures $28M in Series B Funding Led by Sanabil Investments, Gears Up for IPO

Saudi Arabia Lendo, a Saudi Arabia-based shariah-compliant debt crowdfunding marketplace, has raised SAR 105 million ($28 million) in Series B funding led by Sanabil...

Saudi Arabia offers 30-year tax relief plan to lure regional corporate HQs

Saudi Arabia The Ministry of Investment of Saudi Arabia (MISA), in coordination with the Ministry of Finance and the Zakat, Tax and...

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