{"id":103417,"date":"2025-12-28T00:00:00","date_gmt":"2025-12-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=103417"},"modified":"2025-12-28T04:16:45","modified_gmt":"2025-12-28T04:16:45","slug":"newera-raises-funding-eec-wraps-up-capital-optimization-plan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/12\/28\/newera-raises-funding-eec-wraps-up-capital-optimization-plan\/","title":{"rendered":"Newera raises funding, EEC wraps up capital optimization plan"},"content":{"rendered":"

\n

Newera joins AI startup funding wave<\/p>\n

<\/strong>Riyadh-based <\/strong>Newera.ai<\/a><\/strong> raised USD 2.1 mn (SAR 8 mn) in a pre-seed funding <\/strong>round led <\/strong>by Embark<\/strong>, with participation from unnamed angel investors, it said in a press release<\/a>. The startup \u2014 founded by Abdulrhman Alsuliman (LinkedIn<\/a>) \u2014 will use the funding to \u201cscale Newera.ai\u2019s AI-driven solutions locally, strengthen its research and development capabilities, and launch products tailored specifically to the Saudi market,\u201d the company said.<\/p>\n

Newera.ai is the latest to join the AI startup galore: <\/strong>More than a few AI-driven startups raised funding this year, including cybersecurity firm Cognna<\/a>, regtech outfit Stamp<\/a>, customer support startup DOO<\/a>, and digital health firm Kilow<\/a>.<\/p>\n

\n

EEC wraps up capital optimization plan<\/p>\n

Emaar the Economic City (EEC) completed all elements of its <\/strong>SAR 8.7 bn<\/strong> capital <\/strong>optimization plan<\/strong>, first disclosed in September 2024<\/a>, it said in a disclosure to Tadawul<\/a> on Thursday. The plan included rescheduling banking facilities, securing a new shareholder loan, and reducing capital to offset accumulated losses, followed by increasing capital through debt conversion.<\/p>\n

EEC listed new shares issued as part of its capital increase through debt conversion<\/strong>, following approval at a general assembly meeting last week, it said in a separate disclosure<\/a>. The shares were issued to the Public Investment Fund in exchange for outstanding debt.<\/p>\n","protected":false},"excerpt":{"rendered":"

Newera is the latest to join the AI startup galore<\/p>\n","protected":false},"author":1,"featured_media":103418,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[2564],"tags":[54,1282,10,1493],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-emaar-the-economic-city","tag-enterpriseam-ksa","tag-saudi-central-bank-sama","wpautop","entry"],"acf":{"mongo_id":"35691adf-1c7a-40f7-b411-00b9d427d623","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/12\/1322.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Newera raises funding, EEC wraps up capital optimization plan","related_issue":[103407],"teaser":"Newera is the latest to join the AI startup galore"},"yoast_head":"\nNewera raises funding, EEC wraps up capital optimization plan - 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