Tabby’s move to acquire local fintech startup Tweeq raised a signal to VC investors that there is a path for successful startup exits in Saudi, Bloomberg quotes pundits as saying during the 24 Fintech conference in Riyadh last week. “The window for exit activity in Saudi Arabia is likely to come into fruition in the next 2-3 years,” Magnitt CEO Philip Bahoshy said, noting that the average exit timeline for a MENA company is 7-8 years.

YOUR MANDATORY SPORTS STORY-

Chilean pro golfer Joaquin Niemann is calling out the Presidents Cup for its LIV player ban, saying that the tournament is not allowing the best golfers in the world to compete in the team-based event which will start on Tuesday, 24 September in Montreal, Canada, Reuters reports.

BACKGROUND- The tournament comes around every two years, pitting a US team against an international team. The ban started when PIF-backed LIV launched in 2022.

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