Riyadh-based BNPL startup Tabby completes a secondary share sale of existing shareholders' stakes, valuing it at $4.5B ahead of a possible IPO
Riyadh-based Hala, which offers payment services to 142K+ small businesses in the Gulf region, raised a $157M Series B, a source says at a ~$900M valuation
Aisha S Gani / Bloomberg : LinkedIn: Riyad Abou Jaoudeh and Aisha S Gani LinkedIn: Riyad Abou Jaoudeh : So excited to finally announce HALA 's $157M series B co-led by TPG and Sanabil Investments wit...
Riyadh-based Humain debuts Humain Chat, an Arabic and English conversational AI app powered by its Allam LLM and designed around Islamic values and heritage
Omar El Chmouri / Bloomberg : X: @humainai X: @humainai : HUMAIN Chat Beta is a Saudi innovation that will help drive the country's transformation towards achieving Vision 2030. HUMAIN CEO @TareqAmin...
Riyadh-based Lucidya, which develops customer experience software, raised a $30M Series B led by Impact46, marking the largest AI funding round in Saudi Arabia
Yassmin Jabri / Bloomberg :
Riyadh-based food delivery service Jahez agrees to acquire a 77% stake in Qatari e-commerce platform Snoonu for $245M in cash and stock, set to close in H2 2025
Yassmin Jabri / Bloomberg :
A look at the intensifying race for super apps in the Gulf, as Careem, Talabat, Amazon, Botim, and Noon consolidate various services into single platforms
From Dubai to Riyadh, apps are consolidating ride-hailing, payments, and delivery into single platforms. — The race for super-apps is intensifying in the Middle East. Bluesky: @restofworld.org Blues...
Humain, Saudi Arabia's new state-owned AI company, says it is seeking investment from US tech companies and investors, and plans to launch a $10B VC fund
PIF-backed Humain courts US tech investors and plans $10bn venture fund — Andrew England and Ahmed Al Omran in Riyadh
Nvidia CEO Jensen Huang says the company will send AI chips to Saudi Arabia's Humain for a 500 MW data center buildout, as President Trump visits the kingdom
Nvidia Chief Executive Officer Jensen Huang announced the partnership on stage at the Saudi-US Investment Forum in Riyadh, the Gulf nation's capital.
Saudi Arabia launches Humain, a multibillion-dollar AI company chaired by Crown Prince Mohammed bin Salman, the main vehicle to drive the kingdom's AI strategy
Riyadh's latest multibillion-dollar push will bring new focus to Crown Prince Mohammed bin Salman's tech ambitions
Riyadh-based BNPL startup Tabby raised a $160M Series E led by Blue Pool Capital at a $3.3B valuation; CEO Hosam Arab is looking at an IPO in the next 18 months
Federico Maccioni / Reuters :