Saudi Arabia's Ministry of Investment and IAMAI signed a three-year fintech and startup cooperation agreement covering investment, market access and cross-border expansion.
How Gulf sovereign capital is financing AI, cloud, data centres and technology platforms across Saudi Arabia and the UAE, and why fund commitments must be separated from project-level spending.
First Abu Dhabi Bank and Qatar National Bank sit at the top of the regional ranking, while Saudi and UAE lenders account for much of the Gulf's banking scale.
Draft risk-based capital rules would tie insurer solvency requirements more closely to the risks on their books, raising the value of scale, data and sophisticated risk management.
The Central Bank of the UAE and Core42 are building dedicated cloud infrastructure for the financial sector, turning data sovereignty and operational resilience into shared financial infrastructure.
As AI campuses move into the hundreds of megawatts, financing increasingly depends on long-lived physical assets, power contracts and committed customers rather than venture-style growth alone.
Bank balance sheets can expand through property, government entities, households or private companies, with very different implications for the economy.
Tamara secured a Sharia-compliant asset-backed facility of up to $2.4 billion from Goldman Sachs, Citi and Apollo funds. The financing matched a consumer-credit business with institutional debt rather than relying on equity to fund receivables.
Tabby raised $160 million at a $3.3 billion valuation after annualised transaction volume passed $10 billion. The company had added a card, subscription product and the Tweeq wallet, reducing dependence on checkout BNPL alone.
Tamara raised $340 million at a $1 billion valuation led by SNB Capital and Sanabil Investments. The round was designed to move the business beyond BNPL into shopping, payments and broader financial services.
Tabby raised $200 million in Series D funding at a valuation above $1.5 billion, with more than $6 billion of annualised transaction volume. The company explicitly linked the round to a planned Saudi IPO.