Page 7 - Financial Sector Development Program News Today

Abdullah bin Saleh Kamel, chairman of the Boards of Directors of the Makkah Chamber of Commerce and the Islamic Chamber of Commerce, Industry and Agriculture, reaffirmed the commitment to accomplish the vision set by Manafea Forum in terms of investing the sacred status of Makkah and Madinah in the world to turn them into centers of attraction for business activities and a platform for knowledge and creativity in the Islamic world

This is in addition to progress in the regulatory, technical, and operational aspects of the sector has contributed to the recent transformation towards electronic payments.

RIYADH: The use of the electronic mode of payments continues to accelerate in Saudi Arabia, with the retail sector surpassing the 60 percent target set by the…

Hakbah, the Saudi-based fintech savings platform, announces its successful closing of a US$2 million, pre-Series A, funding round. Global Ventures - MENA’s leading venture capital firm and DIFC-based Aditum Investment Management participated in the round, providing Hakbah with its first institutional capital. The funding follows approval granted by the Saudi Central Bank

Hakbah, the Saudi-based fintech savings platform, announces its successful closing of a US$2 million, pre-Series A, funding round.

With fintech and sustainability driving the funding activity in the Middle East, the week saw key deals being struck in the startup space ranging from ......

Spend management fintech Qashio has entered an exclusive partnership with Alinma Bank, the youngest and fast-growing bank in the Kingdom, to launch its operations in the Kingdom. This is the first time that a Saudi bank has joined hands with a fintech company to provide solutions to its corporate banking customers, a milestone for the country’s tech space. With this

Saudi Venture Capital Company (SVC) has launched an $80 million Investment in Fintech VC Fund, in partnership with the Capital Market...

He said that the conference is organized by Financial Sector Development Program partners as one of the main programs of the Saudi Vision 2030, represented by the Ministry of Finance, Saudi Central Bank and the Capital Markets Authority.

Saudi Venture Capital has launch a key investment product in partnership with Capital Market Authority and Financial Sector Development Programme. Funds worth SR300 million ($80 million) have been allocated from the investment portfolio for this product.