Muhlah bags SAR 28.3 mn in seed investment

Homegrown microlending fintech Muhlah secured SAR 28.3 mn (c. USD 7.5 mn) in a seed round led by BIM Ventures and Japan’s SBI Group, according to a press release. The round saw participation from Al Suhaimi Holding Group and Fakhr Investment Holding Company.

Where will the money go? The funding will help Muhlah expand its shariah-compliant financing capacity, using off-balance-sheet and partner-backed structures. The company also plans to explore additional funding sources and international partnerships to support future growth.

About Muhlah: Founded by Abdulaziz AlRammah (LinkedIn) in 2024 and licensed by Sama, Muhlah is a BIM Ventures venture-studio spinoff focused on providing consumer financing solutions.

Aldawaa Medical Services divests subsidiaries outside KSA

Aldawaa Medical Services will liquidate its subsidiaries abroad, transferring their operations into the Kingdom, it said in a disclosure to Tadawul. This includes Hollinz GmbH and Ronzak GmbH in Germany as well as Glanzzen Freezone and Aldawaa Medical Services Freezone in Dubai.

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