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Saudi Arabia 🇸🇦

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Ninja aims to raise over $1 billion in fresh funding, led by Riyad Capital. 
The investment would position it as one of the Middle East’s most valuable logistics startups. 
The company has ambitious plans for an IPO in 2027, subject to market conditions. 
Ninja has expanded operations across Saudi Arabia, Bahrain, Qatar, and Kuwait. 
Riyad Capital’s backing aligns with Saudi Arabia’s Vision 2030 push for a digital economy.

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SVC has invested in the Artal Growth Opportunities Fund, a closed private equity fund regulated by the Saudi Capital Market Authority. 
The fund, managed by Artal Capital, targets high-growth businesses, particularly in Saudi Arabia and the broader Gulf region. 
It provides capital and strategic support to drive commercial expansion, enhance governance, and optimize internal operations. 
The investment focus is on technology-driven sectors with strong innovation potential. 
SVC, established in 2018 under the SME Bank, plays a key role in funding startups and SMEs from early growth stages to pre-IPO rounds.

The MoU was signed during a roundtable event at the Saudi Ministry of Investment. 
Signatories included Ahmed Al-Qahtani from Hassana and Jeffrey Perlman from Warburg Pincus. 
The partnership aims to identify and execute investment opportunities aligned with Saudi Arabia’s Vision 2030. 
Hassana is one of the most active investment institutions in the region, focusing on long-term value creation. 
Warburg Pincus brings nearly 60 years of expertise in global private equity investments.

Tamara Finance is now licensed to offer consumer finance and BNPL services. 
Saudi Central Bank (SAMA) has expanded the total number of licensed finance companies to 65. 
The move aligns with SAMA’s strategy to boost financial inclusion and digital finance solutions. 
SAMA emphasizes the importance of dealing with authorized financial institutions only. 
Consumers can check the list of licensed companies on SAMA’s official website.

DHL eCommerce acquires a stake in AJEX Logistics to expand operations in Saudi Arabia. 
The partnership aligns with the kingdom’s National Transport and Logistics Strategy. 
AJEX, launched in 2021, has quickly established itself in the regional delivery market. 
DHL eCommerce retains an option to increase its stake in AJEX in the future. 
Saudi Arabia&#8217;s logistics sector is experiencing unprecedented growth, attracting major global players.

CQR, founded in 2023 by Naser Aldossary, develops cybersecurity solutions tailored for operational technology (OT) systems used in critical industries. 
The startup’s AI-driven platform offers real-time cyber threat detection and seamless integration with corporate security networks. 
Shorooq Partners led the $3 million funding round, reinforcing investor confidence in OT security. 
With cyberattacks on critical infrastructure rising, CQR aims to expand its solutions and enhance research and development (R&amp;D) efforts. 
The company plans to scale its operations across MENA, addressing the growing demand for robust OT security.

The sukuk was issued in two tranches, with maturities of three and ten years. 
Investor demand was exceptionally high, with subscriptions exceeding the offer sixfold. 
This issuance is part of a broader $5 billion international sukuk program. 
The sukuk has been listed on the London Stock Exchange, increasing SRC’s global presence. 
Officials view the deal as a critical step toward achieving Vision 2030 housing and economic goals.

Announced during Web Summit Qatar 2025, the collaboration will boost digital capabilities across key sectors. 
Naseej Technology will establish a presence in Qatar, offering AI, big data, and automation solutions. 
The company will develop advanced digital platforms for libraries, museums, and cultural institutions. 
IPA Qatar will facilitate Naseej’s market entry, supporting knowledge exchange and digital skill-building. 
The initiative aligns with Qatar’s Digital Agenda 2030, expected to generate thousands of jobs and billions in economic growth.

The agreement was signed during the LEAP 2025 tech event in Riyadh. 
The partnership focuses on developing energy-efficient, AI-ready data centers. 
Saudi Arabia’s growing digital infrastructure aligns with Vision 2030 goals. 
Amanah brings expertise in construction, while MIS specializes in IT solutions. 
The collaboration aims to support businesses and government entities with scalable digital solutions.

Tawarruf and Thanawe join forces to streamline startup investment and exit processes. 
The partnership focuses on integrating digital solutions to enhance business transactions. 
Aims to bridge the gap between investors and startups through innovative tools. 
The agreement aligns with Saudi Arabia’s Vision 2030 to boost entrepreneurship. 
Key industry leaders, including NTDP Director Ibrahim Niaz, attended the signing.

Founded in July 2024 by Abdullah Bukhari, Mohammed Al-Harbi, and Sannan bin Taher.
Specializes in AI-powered legal services, including contract automation, legal analysis, and AI-driven case insights.
A graduate of MVP Lab, an initiative under the National Technology Development Program (NTDP).
Aims to enhance efficiency and accessibility in legal services through automation and AI-driven solutions.

LEAP 2025 attracted over 200,000 visitors and 1,800 companies.
The event saw investments exceeding $14,9 billion in AI and digital infrastructure.
A $1,5 billion AI-cloud computing partnership was announced between Groq and Aramco Digital.
Saudi Arabia strengthens its position as a global tech and innovation hub.
Next year&#8217;s LEAP will expand internationally with editions in Riyadh and Hong Kong.

Forus&#8217;s Ongoing Impact: Since 2019, Forus has been a financial lifeline for over 400 Saudi SMEs, providing more than $390 million in working capital.
 Amplifying Support with New Funding: The recent $60 million credit facility secured by Forus from Fasanara Capital is expected to enable the company to provide over $150 million in working capital loans to Saudi SMEs, thereby amplifying its positive impact on the local economy.
 Alignment with Saudi Vision 2030: This initiative is a robust step towards fulfilling Saudi Vision 2030&#8217;s ambitious goal of increasing SMEs&#8217; contribution to the national GDP from 20% to 35%.
 Fasanara Capital&#8217;s Global Expertise: With a track record of funding over $80 billion to fintech lenders across 60+ countries in the past 14 years, Fasanara Capital brings a wealth of global experience to the partnership.

SupplyPro Bridges the Gap: The platform connects NHC contractors directly with a curated list of trusted suppliers, simplifying procurement. 
 Tackling Procurement Pain Points: Aimed at overcoming the usual hurdles in housing project procurement, making life easier for contractors. 
 Aligning with Vision 2030: This move is a leap towards Saudi Arabia&#8217;s ambitious digital transformation goals. 
 Penny Software&#8217;s Rising Star: Founded just a few years ago, in 2020, Penny Software is making waves in procurement tech and B2B marketplaces. 
 Massive Housing Goals Ahead: NHC is on a mission to deliver 300,000 homes by 2025 and double that to 600,000 by 2030.

Unified AI Platform: vminds ai brings together over 150 AI tools into one intuitive platform. 
 Future Plans: An enterprise version is set to launch in the third quarter of 2025. 
 Innovative Leadership: Founded by seasoned expert Ahmed Al-Mashhadi of VEEM Solutions. 
 User-Centric Approach: Aims to simplify AI, making it as user-friendly as possible. 
 Ambitious Growth: Targets reaching one million users within the next two years.

Multiple accelerator and incubator programmes are now accepting applications. 
Opportunities span various industries, including tech, language, literature, and water technologies. 
High-profile backers include NEOM, Misk, and Sanabil Investments. 
Some programmes offer global partnerships, such as 500 Global and Orbit Startups MENA. 
Aimed at nurturing startups with funding, mentorship, and market access.

SDAIA&#8217;s Innovative Leap: Launches an accreditation to uplift AI application maturity and bolster public confidence. 
 Aligning with Vision 2030: This move echoes Saudi Arabia&#8217;s ambitious goal to lead in advanced technologies. 
 Ethical AI in Focus: Accreditation levels from &#8216;conscious&#8217; to &#8216;pioneer&#8217; spotlight commitment to ethical AI practices. 
 Easy Participation: Entities are encouraged to join the movement via the National Data Governance platform. 
 Annual Milestones: Certificates last for a year, pushing for continual growth and innovation in AI services.

Major Funding Secured: Lendo has clinched a $690 million (SAR 2,6 billion) warehouse facility, with global banking powerhouse JP Morgan leading the initiative. 
 Boosting SME Support: The substantial funding will amplify Lendo&#8217;s lending capacity and pave the way for innovative financial products tailored to SMEs. 
 Alignment with Vision 2030: The deal supports Saudi Arabia&#8217;s ambitious Vision 2030 goal to increase SME lending from 4% in 2018 to 20% by 2030. 
 Impressive Track Record: Since its launch, Lendo has facilitated over $667 million in financing across more than 5,000 transactions, delivering solid returns to investors. 
 Strong Investor Confidence: The company recently raised $28 million in a Series B round led by Sanabil Investments, a subsidiary of Saudi Arabia&#8217;s Public Investment Fund, highlighting robust investor trust.

Founders’ Vision: Established in Palestine in 2021 by brothers Fawaz and Saber Samara, Nabeeh began as a simple idea to reduce frustration around home repairs. 
Rapid Growth: The platform reports a 300% increase in user activity year over year, thanks to word-of-mouth and solid customer satisfaction. 
On-Demand Service: Users can book cleaning, maintenance, and renovation services through the Nabeeh app, which also offers real-time updates and transparent pricing. 
Investment Goals: With Ibtikar Fund’s support, Nabeeh plans to double its user base, add predictive maintenance features, and form more partnerships with B2B clients. 
Market Impact: Both Ibtikar Fund and Nabeeh believe this move will help transform how properties and businesses manage day-to-day upkeep in Saudi Arabia’s booming real estate sector.

Historic Acquisition: Elm will acquire full ownership of Thiqah Business Services from PIF for $907 million, marking one of the most significant deals in the Saudi ICT sector. 
Advancing Saudi Vision 2030: The acquisition aims to bolster the local information and communication technologies sector, propelling the nation&#8217;s digital transformation and economic diversification efforts. 
Financial Strategy: Demonstrating strong confidence in its financial health, Elm plans to finance the acquisition through its own resources and available facilities.

Empowering Career Advancement: UpLevel provides smart, sustainable solutions for personal career growth and enhanced organizational performance. 
 Comprehensive Services: Offers specialized career coaching, creative mentorship, and training programs aligned with international best practices. 
 Founded by Visionaries: Established in 2024 by entrepreneurs Idrees Al-Shaya and Hamad Al-Luhaidan. 
 Boosting Employee Performance: Connects employees with seasoned coaches possessing real-world experience to elevate their professional journey. 
 Vision for the Future: Aims to make a significant impact on career development in Saudi Arabia and beyond.