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EdfaPay raises USD 5 mn in pre-series A round
Proceeds will go towards supporting expansions into new markets
Fintech startup Mala closes USD 7 mn pre-seed funding round
Homegrown fintech Hala is now part of the Saudi Unicorns Program
Saudi fintech in 2023 wrapped
Fintech adoption rates in Saudi exceed global peers
Indian firms land major infrastructure contracts in the Kingdom
VA Tech Wabag landed a UAD 317 contract to build a desalination plant in Yanbu
Al Rajhi Bank acquires majority stake in fintech startup Drahim
The investment will be used to enhance Drahim’s existing products
Malaa Technologies closes a SAR 65 mn series A
Malaa raised SAR 6.4 mn in a seed funding round in 2022
Rotana opens the doors to a new hotel in Riyadh
Plus: Zannier Hotels has partnered with Neom to launch an eco-resort on the Gulf of Aqaba coast
Newly established businesses jump in 2Q 2024
Women-led businesses accounted for 47% of all actively running companies by the end of 2Q
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