CAIRO: A wave of venture capital funding has washed over the Middle East and North Africa region, prompting transformative change in the entrepreneurial landscape. Saudi Arabia’s government is leading the shift through a subsidiary of the SME Bank, part of the National Development Fund. The Kingdom’s Saudi Venture Capital has made significant strides in … Read more
RIYADH: Saudi Arabia’s dynamic business environment is continuously drawing attention from international companies, and now Estonian ride-hailing giant Bolt is looking to expand its operations in the Kingdom. Established in 2013, the company has become a prominent player in the global mobility industry, operating in 45 countries and 500 cities, with a current valuation of €7.4 … Read more
RIYADH: Saudi Arabia has launched the subscription to its first savings product dedicated to individuals – Sah – with a yield reaching 5.64 percent on the first issuance. Registration for the Islamic-compliant bond, issued by the Ministry of Finance, started on Sunday, Feb. 4, at 10 a.m. and will end on Tuesday, Feb. 6, at … Read more