Category: News

Key Steps for Company Formation: Starting a business in Saudi Arabia involves obtaining an investment/MISA licence, choosing business activities per the licence type, selecting a trade name, and establishing managerial authority. Investment/MISA Licence Importance: Foreign investors with non-GCC shareholders must secure an investment/MISA licence to legally operate in Saudi Arabia, as it varies based on […]

HissaTech, a Saudi Arabia-based proptech startup, successfully raised $670,000 in a pre-seed funding round, led by angel investors. Founded by Ali Alshareef in 2024, HissaTech’s platform enables individuals to co-own real estate properties, providing access to rental income and capital gains while reducing investment barriers for smaller investors. The company plans to use the funding […]

Reachware, a Saudi Arabia-based SaaS provider founded in 2021, has raised $3 million in Seed funding, primarily led by Sadu Capital, with participation from 500 Sanabil Investments and Elm Company. The company specializes in automation and system integration, offering services like system integration, process automation, and advanced analytics to enhance operational efficiency for businesses. With […]

Funding Achievement: Syarah, a Saudi Arabia-based autotech company, has successfully raised $60 million in a Series C funding round, led by Artal Capital, increasing its total investment to over $82 million since its founding in 2015. Business Model and Growth: Founded by Salah Sharef and Fayez Al-Anazi, Syarah transitioned from a classified ads platform to […]

Fundraising Success: Malaa, a fintech company based in Saudi Arabia, secured $17.3 million in a Series A funding round, led by SNB Capital and supported by other investors such as Derayah Financial and Khwarizmi Ventures. Wealth Management Focus: Founded in 2021, Malaa provides a wealth management platform designed to help individuals and organizations make informed […]

Acquisition Announcement: Tabby, a leading fintech in Saudi Arabia, has finalized an agreement to acquire Tweeq, a digital wallet licensed by the Saudi Central Bank (SAMA), during a prominent fintech event in the country. Expansion of Services: This acquisition will enhance Tabby’s financial offerings by integrating Tweeq’s digital wallet, allowing for the provision of digital […]

Thakaa Med, a Saudi Arabia-based healthtech company founded in 2022, has secured a Seed round investment through the Falak Angels syndicate to enhance its AI-driven healthcare solutions. The funding will primarily be used to improve Thakaa Med’s AI models and launch its flagship products, Dental IQ and Chest IQ. This investment aligns with Falak Angels’ […]

The entrepreneurship licence in Saudi Arabia offers unique advantages, including reduced licensing fees and premium residency eligibility, aimed at fostering innovation and supporting startups. This special licence allows foreign investors to establish new businesses in Saudi Arabia without needing an existing company, unlike traditional licences which require established operations. Key benefits include a 60,000 SAR […]

The Tourism Development Fund (TDF) in Saudi Arabia celebrated the first cohort of the "TDF Grow Accelerator" program, highlighting the achievements of 15 startups in the tourism sector at a demo day held in Riyadh. The graduates included 11 local startups and 4 regional and international projects, all of which completed over 20 training and […]

Funding Acquisition: Yalla Plus, a foodtech startup based in Saudi Arabia, secured $2.7 million in a Seed investment round led by Merak Capital, with involvement from Khwarizmi Ventures, Isometry Capital, and various angel investors. Service Offering: Founded in 2022 by Abdullah Alrabeh and Bader Alnasser, Yalla Plus provides a comprehensive integrated POS system that encompasses […]