The Wire

Saudi CMA Caps Money Market Funds' Overseas Investments at 5% of NAV

Managers above the new ceiling get up to two years to comply, while funds with more than a fifth of net asset value abroad must cut that exposure within six months.

Tariq Benali

Funding & Investment

Saudi rental platform Rize draws $50M Murabaha facility from Jadwa Investment

Tariq Benali

Fintech

Standard Chartered to Custody Digital Assets for LMAX Group in DIFC and Luxembourg

Karim El-Sayed

Funding & Investment

Saudi Payments Firm Barq Raises $329.5M Series A at $1.85B Valuation

Tariq Benali

Fintech

NEOPAY and CBD partnership opens financing route for eligible UAE merchants

Nadia Mansour

Fintech

barq Raises US$329.5M to Become Saudi Fintech Unicorn

Nadia Mansour

Funding & Investment

COFE Tech's $178M Round and Its CEO's Case for Riyadh as the Region's Silicon Valley

Karim El-Sayed

Funding & Investment

BRKZ Raises $31M to Push AI Procurement Across Saudi Building Materials

Tariq Benali

Fintech

Tarabut Raises US$50M From Saudi Banks to Expand SME Lending

Nadia Mansour