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Even with falling sales and higher costs, cement companies’ bottom lines grew in 1H
Plus: Petrochemicals firm Chemanol plans to start producing methyl diethanolamine in 4Q 2027
PostEx plans KSA expansion following pre-series A round
The funding round saw participation from Sanabil 500
BNPL use continues to pick up in Saudi, UAE
Fintech accounted for 79% of MENA's total venture debt lending in 2023
Egypt-born fintech outfit Sahl eyes Saudi entry
The company allows users to pay their utility bills through a mobile app
PIF’s Sanabil leads USD 10 mn seed round for SiFi
The seed round was led by PIF-owned Sanabil
Rasan’s retail offering was 12.8x oversubscribed
Institutional offering reduced to 90%
Rasan prices its IPO at the top of the range ahead of retail subscriptions
The final price puts the company’s market cap at SAR 2.8 bn post-listing.
Shorooq Partners’ latest venture debt fund looking for more exposure to Saudi
Shorooq Partners is in talks to invest in two fintechs
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