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17 September 04:22 PM
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Riyadh-based Spare raises $5m pre-Series A funding to fuel expansion in GCC

Riyadh - Mubasher: Saudi fintech Spare has secured $5 million in a pre-Series A round led by anb Seed Fund, with participation from 500 MENA, Vision Ventures, SEEDRA Ventures, MEVP, Boubyan Ventures, and others. The new funding will be used to …
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Oumla secures $2.4m funding round to expand regional business
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Space42, Viasat to launch Equatys JV for global D2D 5G service
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Saudi Hala closes $157m Series B round co-led by PIF’s Sanabil Investments
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Sohar International backs Oman-GCC energy project via $500m financing
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Tamara secures $2.4bn facility at Money 20/20 Middle East conference
Kuwait Arab Global Commodities
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Volume 424,141,889 Turnover 93,647,123 No. of Trades: 24,896
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Riyadh-based Spare raises $5m pre-Series A funding to fuel expansion in GCC Companies Investments
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Oumla secures $2.4m funding round to expand regional business Companies Investments
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Space42, Viasat to launch Equatys JV for global D2D 5G service Companies Investments
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Saudi Hala closes $157m Series B round co-led by PIF’s Sanabil Investments Global Economy
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Sohar International backs Oman-GCC energy project via $500m financing Global Economy
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Tamara secures $2.4bn facility at Money 20/20 Middle East conference Global Economy
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Jamjoom Pharma partners with Bio-Thera to secure Cosentyx biosimilar in MENA Companies Investments
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flydubai and TAROM
flydubai grows international network through partnership with TAROM Global Economy
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Visa Middle East
Visa initiates regional product in UAE for high-net-worth individuals Global Economy
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ALEC Holdings
ALEC Holdings plans to float 20% of share capital on DFM; operations focused in GCC Management Decisions
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Saud Altassan, CEO at EFG Hermes KSA
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Wang Hu, the President and Co-Founder of PayerMax
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JANE delegation with NTG's Chairman Al Ballaa
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Ali Al Baqali, the CEO of Alba
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Kafaa Capital’s founder announces new financing channels at Seamless KSA 2024 – Interview Global Economy
Saad bin Atyan, Founder of Madkhol, at Seamless KSA 2024
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Awfar deploys AI tools to improve customer experience – CEO in interview at Seamless KSA 2024 Companies Investments
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Islamic Finance
Lumena by OMNIYAT
OMNIYAT raises $900m through Sukuk financing Companies Investments
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Al Rajhi Bank to issue USD Tier 2 social Sukuk Sukuk and Islamic Finance
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Knowledge Economic City obtains SAR 305m Islamic financing from Riyad Bank Banking and Finance
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SAB plans to offer USD-denominated Tier 2 green notes Sukuk and Islamic Finance
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Alnima Bank intends to issue dollar-denominated offering Companies Investments
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Banque Saudi Fransi to issue USD-denominated Tier 2 notes Banking and Finance
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Binghatti prices $500m benchmark Sukuk under $1.5bn program Sukuk and Islamic Finance
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ADIB allocates AED 17.3bn for sustainable finance in 2024 Banking and Finance
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SAB intends to issue SAR-denominated Tier 1 Sukuk Companies Investments
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Arab Markets
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solutions, Aramco team up for digital computing infrastructure project Companies Investments
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Social Development Bank records SAR 6.5bn financing since start of 2025 Banking and Finance
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Riyadh-based Spare raises $5m pre-Series A funding to fuel expansion in GCC Companies Investments
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Sipchem’s CEO resigns; Al Rushoud takes over Management Decisions
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Oumla secures $2.4m funding round to expand regional business Global Economy
Firas Alhamdan and Faisal bin Dukhail, Founders of LDUN
Saudi fintech startup LDUN closes $4.8m funding round Companies Investments
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DP World Egypt, Elsewedy Industrial Development create $29m cold storage facility Companies Investments
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Aman Holding, partners launch EGP 5bn vehicle financing initiative with Nissan Egypt Banking and Finance
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Space42, Viasat to launch Equatys JV for global D2D 5G service Global Economy
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Cenomi Retail inks SAR 2.9bn facility deals with Al Futtaim Retail, Emirates NBD Banking and Finance
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International Markets
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