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Saudi Arabia

Saudi Arabia

+2

The AI announcements from LEAP 2026 worth knowing

Sep 4, 2026

•

2 min read

The AI announcements from LEAP 2026 worth knowing

LEAP closed in Riyadh yesterday after four days dominated by Saudi Arabia’s AI buildout, with HUMAIN responsible for a fairly extraordinary share of the announcements.

Jamie Lane
Jamie Lane

Food Delivery

+2

Keeta records first profitable month in Saudi Arabia after 22 months as delivery price war bites

Sep 4, 2026

•

6 min read

Keeta records first profitable month in Saudi Arabia after 22 months as delivery price war bites

Keeta took 29 months to reach the same milestone in Hong Kong, where it launched in May 2023.

Jamie Lane
Jamie Lane

Saudi Arabia

+3

HUMAIN says planned $10B global VC fund could be larger, unveils separate Saudi-focused vehicle

Sep 4, 2026

•

2 min read

HUMAIN says planned $10B global VC fund could be larger, unveils separate Saudi-focused vehicle

The Saudi AI company will create HUMAIN Limitless, a separate initiative specifically focused on investing in and supporting AI companies within Saudi Arabia.

Jamie Lane
Jamie Lane

Startups

+4

Sirdab raises $10M Series A from Elm and BECO to expand Saudi logistics platform across GCC

Sep 3, 2026

•

1 min read

Sirdab raises $10M Series A from Elm and BECO to expand Saudi logistics platform across GCC

The profitable Saudi logistics startup has grown revenue 20x since Y Combinator and now connects more than 850 businesses to a network of 120+ warehouses and 60+ transport providers.

Jamie Lane
Jamie Lane

Startups

+4

ZenHR raises $6M bridge round led by Impact46 to expand AI products and EWA

Sep 3, 2026

•

2 min read

ZenHR raises $6M bridge round led by Impact46 to expand AI products and EWA

The Saudi HR software company is expanding its AI products and earned wage access offering across 11 markets in MENA, four years after raising a $10 million growth round.

Jamie Lane
Jamie Lane

Fintech

+3

FlyAkeed raises $25.2M across Sanabil-led equity round and Artal sukuk

Sep 3, 2026

•

1 min read

FlyAkeed raises $25.2M across Sanabil-led equity round and Artal sukuk

The Saudi corporate travel platform is adding a deferred-payment layer to its software, with the new financing split between equity and Shariah-compliant debt.

Jamie Lane
Jamie Lane

Fintech

+3

Saudi SME lending startup Abwab.ai raises $4M led by Speedinvest and MEVP

Sep 3, 2026

•

2 min read

Saudi SME lending startup Abwab.ai raises $4M led by Speedinvest and MEVP

The startup says its technology is used by more than 13 financial institutions and has processed over SAR 1 billion in SME loans.

Jamie Lane
Jamie Lane

Foodtech

+6

COFE closes $43M pre-IPO round at $178M valuation, targets Saudi listing by 2029

Sep 2, 2026

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2 min read

COFE closes $43M pre-IPO round at $178M valuation, targets Saudi listing by 2029

Wa’ed Ventures returns three years after leading its $15m Series B, as the Kuwait-born coffee-ordering app remakes itself into enterprise procurement and commerce software.

Jamie Lane
Jamie Lane

Startups

+4

Adam Neumann’s Flow enters UAE with DIFC licence, targets first openings in early 2027

Sep 2, 2026

•

2 min read

Adam Neumann’s Flow enters UAE with DIFC licence, targets first openings in early 2027

a16z-backed residential operator plans communities in Dubai and Abu Dhabi as its portfolio grows to 8,500 homes under management or development.

Jamie Lane
Jamie Lane

Saudi Arabia

+4

HUMAIN invests in Arabic.AI and Tarjama to expand Saudi enterprise AI offering

Sep 1, 2026

•

1 min read

HUMAIN invests in Arabic.AI and Tarjama to expand Saudi enterprise AI offering

Undisclosed investment brings Nour Al Hassan’s Arabic language technology business into the PIF-backed AI group’s growing application stack.

Jamie Lane
Jamie Lane

Results

+5

Talabat generated 94% of Delivery Hero’s MENA profit as Saudi losses narrowed

Aug 28, 2026

•

5 min read

Talabat generated 94% of Delivery Hero’s MENA profit as Saudi losses narrowed

Regional GMV rose 11.6% even as profit slipped, with Saudi Arabia appearing to move back towards breakeven ahead of Uber’s €13B takeover of the Berlin group.

Jamie Lane
Jamie Lane

Saudi Arabia

+4

Saudi's Khwarizmi Ventures partially exits Bosta at around 3x

Aug 21, 2026

•

1 min read

Saudi's Khwarizmi Ventures partially exits Bosta at around 3x

The Saudi venture firm, which first backed Bosta at Series A and invested in two subsequent rounds, has partially sold its stake in the Egyptian logistics company at a net multiple of about 3x.

Jamie Lane
Jamie Lane

Saudi Arabia

+2

Pinnacle Capital launches fund combining Saudi growth rounds and secondaries

Aug 21, 2026

•

1 min read

Pinnacle Capital launches fund combining Saudi growth rounds and secondaries

The CMA-licensed Riyadh firm, established in 2021 and affiliated with the Watar Partners network, will invest through primary rounds and secondary transactions.

Jamie Lane
Jamie Lane

Saudi Arabia

+3

Saudi edtech AILA raises $3M pre-Series A led by Rua Growth Fund

Aug 19, 2026

•

1 min read

Saudi edtech AILA raises $3M pre-Series A led by Rua Growth Fund

Jordanian edtech Jo Academy also joins the cap table as a strategic investor alongside 500 Global, Bunat Ventures and Fikr Ventures, backing a platform whose AILA Tests product runs personalised exam preparation in Saudi schools.

Jamie Lane
Jamie Lane

Fintech

+2

Tamara’s Saudi Q2 revenue more than doubles as new lending book closes in on BNPL

Aug 11, 2026

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3 min read

Tamara’s Saudi Q2 revenue more than doubles as new lending book closes in on BNPL

Q2 revenue more than doubled to SAR 707 million as consumer-financing receivables reached SAR 3.14 billion, just behind the SAR 3.36 billion held in pay-in-instalments.

Jamie Lane
Jamie Lane

Fintech

+2

Tabby's Saudi unit Q2 profit falls 54% as revenue grows 21% year on year

Aug 10, 2026

•

3 min read

Tabby's Saudi unit Q2 profit falls 54% as revenue grows 21% year on year

The Riyadh-headquartered BNPL lender's repayments outpaced new lending by roughly SAR 360 million between April and June, as its new SAMA licence opens a push into longer-term consumer and SME lending.

Jamie Lane
Jamie Lane

Startups

+3

Saudi's Rime raises $2M+ seed to run AI agents on-site for retail chains

Aug 4, 2026

•

1 min read

Saudi's Rime raises $2M+ seed to run AI agents on-site for retail chains

Seedra Ventures led again after backing the pre-Seed, in a round joined by Athlah Investment and Unity Invest Partners, behind a platform that runs decisions on-site through edge computing rather than sending footage to remote data centres.

Jamie Lane
Jamie Lane

Food Delivery

+3

Uber agrees €13B takeover of Delivery Hero, taking Talabat and HungerStation

Jul 16, 2026

•

3 min read

Uber agrees €13B takeover of Delivery Hero, taking Talabat and HungerStation

Delivery Hero's boards unanimously back the offer and Prosus has irrevocably committed to tender, lifting Uber's economic interest to around 53%, while every Middle East asset, Talabat's eight markets and Saudi Arabia's HungerStation, goes to Uber.

Jamie Lane
Jamie Lane

Jordan

+4

Jordan's ISSF partners with STV to bring the Google-backed AI Fund to Jordanian founders

Jul 10, 2026

•

1 min read

Jordan's ISSF partners with STV to bring the Google-backed AI Fund to Jordanian founders

The tie-up marks ISSF's second fund partnership in a month after its $7 million commitment to Endeavor Catalyst V opened the Kingdom's second investment phase.

Jamie Lane
Jamie Lane

Fintech

+3

Beehive completes majority acquisition of Saudi debt crowdfunding platform Themar

Jul 3, 2026

•

1 min read

Beehive completes majority acquisition of Saudi debt crowdfunding platform Themar

The deal makes the Dubai-born SME lender the first digital SME financing platform regulated across the UAE, Oman and Saudi Arabia, converting a Saudi presence run through banking partnerships since 2020 into a fully regulated operation. Terms were not disclosed.

Jamie Lane
Jamie Lane

Fintech

+3

Tabby secures consumer and SME finance licences from SAMA, opening up larger purchases and working capital

Jun 30, 2026

•

2 min read

Tabby secures consumer and SME finance licences from SAMA, opening up larger purchases and working capital

The two SAMA licences let Tabby offer Saudi customers longer instalment plans of up to SAR 50,000 on bigger-ticket purchases alongside its existing four-payment product, and extend working capital to the retailers on its platform.

Jamie Lane
Jamie Lane

E-Commerce

+7

Revora and raises $2M seed to build an AI sales layer for ecommerce merchants

Jun 24, 2026

•

1 min read

Revora and raises $2M seed to build an AI sales layer for ecommerce merchants

The round, co-led by Pakistan's i2i Ventures and Dubai's Oraseya Capital, backs a pivot from conversational-commerce tool to a broader AI platform, as the company leans into a Saudi market where it says revenue has grown tenfold since late 2024.

Jamie Lane
Jamie Lane

Foodtech

+3

Saudi's Foodics completes full acquisition of Greek AI startup Norma

Jun 22, 2026

•

1 min read

Saudi's Foodics completes full acquisition of Greek AI startup Norma

The Norma team now joins a dedicated Foodics AI division, with its analytics agent and business intelligence application folded into the core product.

Jamie Lane
Jamie Lane

Food Delivery

+4

Ninja hires Goldman Sachs, Citi, UBS and Riyad Capital to advise on potential Delivery Hero asset bid

Jun 19, 2026

•

2 min read

Ninja hires Goldman Sachs, Citi, UBS and Riyad Capital to advise on potential Delivery Hero asset bid

A source told Asharq Business the Saudi q-commerce unicorn is working with four advisers as it weighs a move on HungerStation and parts of Talabat.

Jamie Lane
Jamie Lane

Fintech

+4

Egypt's Thndr receives initial approval for Saudi brokerage licence, targets Q1 2027 launch

Jun 12, 2026

•

2 min read

Egypt's Thndr receives initial approval for Saudi brokerage licence, targets Q1 2027 launch

The Saudi push comes as the EGX ranked Thndr the largest of its 120 brokerages by value traded in the first four months of 2026, with a 12.9% market share and $1 billion in assets under custody across its products.

Jamie Lane
Jamie Lane
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