Alkhabeer Capital Injects SAR 18M into Saudi AI-Fintech Innovator Sindbad.Tech

There’s a fresh spark in Saudi Arabia’s fintech scene as Alkhabeer Capital, the Jeddah–based investment powerhouse known for its Sharia-compliant financial solutions, has announced a SAR 18 million investment in Automated Economy Holding Company — the owner of Sindbad.Tech, a local trailblazer in AI-driven robo-advisory services. In simple terms, this deal gives Alkhabeer a direct line into one of the Kingdom’s most promising fintech experiments.

Sindbad.Tech, for those not already familiar, was the first Saudi firm to secure a fintech experimental permit from the Capital Market Authority. Its platform uses artificial intelligence to tailor investment advice and manage portfolios automatically. It’s the kind of tech that aims to blend machine precision with investor convenience — something that’s becoming quite the talking point in capital markets lately.

According to statements shared publicly, Alkhabeer’s CEO, Ahmed Saud Ghouth, described the move as part of the firm’s push towards “transformative technologies” in asset management and brokerage services. He emphasised that combining human insight with AI-powered systems could reshape how investors experience financial planning in the region. On the other side of the table, Mohammed Agbawi, CEO of Automated Economy Holding Company, said the partnership marks “a new phase of growth”, allowing Sindbad.Tech to reach more investors and sharpen its solutions even further.

Now, if you ask me, that’s spot on timing — with Saudi Arabia’s Vision 2030 turbocharging digital transformation across the financial sector, these collaborations are exactly what the market needs. At Arageek, we’ve seen similar signals before: when the right mix of innovation and institutional backing collides, change tends to happen quicker than expected.

What’s particularly interesting about Sindbad.Tech is how it approaches risk. Its platform touts built-in capital protection and stop-loss mechanisms — safety nets that help investors weather market volatility without losing sleep. If it sounds a bit futuristic, that’s because it is. We’re looking at a model that could very well set a new benchmark for Shariah-compliant investing powered by AI. And believe it or not, this isn’t just about fancy algorithms; it’s about trust. In markets where personal relationships still mean a lot, making tech feel human is half the battle won.

Alkhabeer, of course, brings deep pockets and strong experience in private equity, real estate, and customised portfolio management. They’ve been in the game for nearly two decades, and their push into AI-backed financial services seems, well… inevitable. I reckon this move won’t be a one-off — it’s part of a wider shift where local institutions are moving from traditional deal structuring toward tech-enabled wealth creation.

From my chats with founders in Riyadh and Jeddah, many startups see such tie-ups as a shot in the arm for the entire ecosystem. And frankly, they might be right. The fintech wave in Saudi isn’t just about apps or fancy dashboards; it’s about giving investors smarter, faster routes to financial independence — without getting tangled in a bit of a faff over paperwork or market jargon.

For now, the Alkhabeer–Sindbad link-up looks like a textbook example of how traditional finance can play nicely with next-gen technology. It’s a reminder that innovation doesn’t always come from scrappy startups alone — sometimes, big institutions learn to dance too, even if a bit offbeat. And that’s something we at Arageek are definately keeping an eye on.

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!

✉️ Send Us Your Story 👇

https://en.arageek.com/send-us-your-story-or-a-news-tip