{"id":584970,"date":"2023-04-09T00:00:00","date_gmt":"2023-04-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/09\/e-finance-builds-bridges-with-the-ksa\/"},"modified":"2023-04-09T00:00:00","modified_gmt":"2023-04-09T00:00:00","slug":"e-finance-builds-bridges-with-the-ksa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/09\/e-finance-builds-bridges-with-the-ksa\/","title":{"rendered":"E-finance builds bridges with the KSA"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FINTECH-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">E-finance looks to enter Saudi market:<\/span><span style=\"\"> State-owned fintech player <\/span><span style=\"\">e-finance <\/span><span>has sig<\/span><span>ned <\/span><span>an MoU with Saudi-based <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/thiqah.sa\/en\/\" style=\"\">Thiqah Business Services<\/a><\/span><span> that could see them partner to provide digital solutions and e-payments services in Egypt and Saudi Arabia, it said in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/4\/e-finance_060423_325.pdf\" style=\"\">a statement (pdf)<\/a><\/span><span style=\"font-weight:400;\"> on Thursday. The partnership would be the company\u2019s first step into the Saudi market and comes as part of its strategy to expand into new markets overseas.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The Saudi connection:<\/span><span> Saudi sovereign wealth fund PIF became the single-largest <\/span><span>shareholder in e-finance last year after it <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/316415e5-ccc3-42ca-b442-80dd3b8b2e16\" style=\"\">acquired a 25% stake<\/a><\/span><span>. <\/span><span>The partnership with Thiqah \u201creflects the PIF\u2019s first efforts in catapulting [e-finance] into foreign markets,\u201d said e-finance Chairman Ibrahim Sarhan. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ENERGY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The military is building the country\u2019s first biogas-powered <\/span><span style=\"font-weight:700\">plant<\/span><span style=\"font-weight:700\">: <\/span><span style=\"\">A subsidiary of the <\/span><span>military\u2019s National Service Projects Authority has signed an agreement with<\/span><span>Al Mawarid Industrial Products Company<\/span><span> to establish the first plant in the country to generate electricity using biogas, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3mqp4Ex\" style=\"\">Al Mal<\/a><\/span><span style=\"font-weight:400;\">. The plant will produce 1 MWh of electricity by processing 85k tons of livestock manure.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wealth fund PIF is helping e-finance enter the KSA<\/p>\n","protected":false},"author":1,"featured_media":584971,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,2555,339,6681,93,72,183,219,6983],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-584970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-biofuels","tag-e-finance","tag-egypt-saudi-relations","tag-energy","tag-enterpriseam","tag-fintech","tag-saudi-arabia","tag-thiqah-business-services","wpautop","entry"],"acf":{"mongo_id":"78511b41-9f15-463d-9892-2f552d962b89","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/4\/333.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s e-finance looks to partner with Saudi fintech Thiqah. PLUS: Our first biogas plant","related_issue":[584951],"teaser":"Wealth fund PIF is helping e-finance enter the KSA","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.a2ca8ee9-36ac-4db2-9ea3-8d8450ee2b6e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>E-finance builds bridges with the KSA - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/09\/e-finance-builds-bridges-with-the-ksa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"E-finance builds bridges with the KSA\" \/>\n<meta property=\"og:description\" content=\"Wealth fund PIF is helping e-finance enter the KSA\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/09\/e-finance-builds-bridges-with-the-ksa\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-09T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/333.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/09\/e-finance-builds-bridges-with-the-ksa\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/09\/e-finance-builds-bridges-with-the-ksa\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"E-finance builds bridges with the KSA\",\"datePublished\":\"2023-04-09T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/09\/e-finance-builds-bridges-with-the-ksa\/\"},\"wordCount\":182,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/09\/e-finance-builds-bridges-with-the-ksa\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/333.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"biofuels\",\"e-finance\",\"Egypt-Saudi relations\",\"energy\",\"EnterpriseAM\",\"Fintech\",\"Saudi Arabia\",\"Thiqah Business Services\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/09\/e-finance-builds-bridges-with-the-ksa\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/09\/e-finance-builds-bridges-with-the-ksa\/\",\"name\":\"E-finance builds bridges with the KSA - 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