Themar
Saudi debt-based crowdfunding platform, licensed by the Saudi Central Bank in 2023, that connects small businesses seeking purchase financing with investors under Sharia principles.
Industry: Debt crowdfunding for SME purchase financing | Location: Saudi Arabia
About Themar
Themar is a Saudi debt crowdfunding platform, described on its website as a crowdlending platform that helps small and medium enterprises finance purchases in line with Islamic Sharia principles. It connects businesses seeking purchase financing with investors who want to diversify their portfolios. The website has separate portals for investors and borrowers, and it describes the investments as high risk, warning that investors may lose their capital.
The Saudi Central Bank licensed Themar in August 2023 as the seventh company authorised to offer debt-based crowdfunding in the Kingdom, and the website cites licence number 75/AC/2023. Sharikat Mubasher reported on 8 October 2023 that the platform had launched, describing it as the first peer-to-peer purchase financing company. At that launch Amer Siddiki was co-founder and chief executive and Yousef AlDabbagh co-founder and chief operating officer. The website says the founders are business owners with more than a decade of experience at global banks and companies working with small businesses, in banking, law, digital development and marketing. It says the company contributes to Saudi Vision 2030 by supporting the economy and creating jobs.
On 2 July 2026 Beehive Group Holdings, a Dubai-headquartered digital SME funding platform founded in 2014, announced that it had completed the acquisition of a majority stake in Themar Al Aamal Commercial Company, the holding company of the Themar platform. Financial terms were not disclosed. Beehive said it has financed more than 3,000 small businesses across the Gulf, has operated in Saudi Arabia since 2020 through banking partners, and that the deal makes it the first digital SME financing platform regulated in three Gulf markets. It also plans a structured funding facility in Saudi Arabia modelled on its UAE arrangement with Goldman Sachs and Magellan Capital.
A TechScoop article of 17 June 2026 lists Themar among Saudi debt crowdfunding platforms, in a market where the central bank counted SAR 11 billion of cumulative financing since 2016 and 12 of 75 licensed finance companies active in debt crowdfunding as of June 2026.
Leadership
- Amer Siddiki, Co-founder and Chief Executive Officer
- Yousef AlDabbagh, Co-founder and Chief Operating Officer