SAMA greenlights Hala Finaning

NOHA.GAD

May 16, 2024

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Riyadh - Sharikat Mubasher: The Saudi Central Bank (SAMA) licensed Hala Financing to provide debt-based crowdfunding solutions in the Kingdom, bringing the total number of authorized companies offering debt-based crowdfunding solutions in Saudi Arabia to 11.

In a statement, the apex bank revealed that there are now 62 SAMA-licensed finance companies in the Kingdom.

This decision underscores SAMA’s commitment to enhancing the financial sector, increasing the efficiency of financial transactions, and fostering innovative financial solutions for financial inclusion in Saudi Arabia.

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Riyadh - Sharikat Mubasher: MDD, a Saudi provider of supply chain and procurement solutions, secured an undisclosed Series A round from an individual investor.In a statement, MDD clarified that the investment came through selling a 5% stake in the company at a valuation exceeding SAR 100 million.Founded in 2019, MDD provides a full suite of innovative and effective solutions to tackle challenges facing businesses and suppliers and meet the needs of different suppliers through its digital platform.It enables clients to connect their systems and enterprise resource systems (ERP) seamlessly, allowing them to track requests efficiently and more accurately.

University of Strathclyde to open branch in Saudi Arabia

Riyadh - Sharikat Mubasher: The University of Strathclyde plans to open a branch in Saudi Arabia in partnership with Princess Nourah Bint Abdulrahman University, to become the first UK higher education institution to establish a physical presence wit

SAMA greenlights Hala Finaning

Beyon Solutions to acquire Link Development

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Alkhorayef: 4IR technologies boost industrial transformation

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SAMA greenlights Hala Finaning

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