Wasl Platform
Saudi fintech venture of Saudi Azm and the National Housing Company, set up in 2025 to run a digital financing brokerage platform; licensed by the Saudi Central Bank in August 2026.
Industry: Finance aggregation and digital brokerage | Location: Saudi Arabia
About Wasl Platform
Wasl Platform for Communications and Information Technology Company is a Saudi fintech venture of Saudi Azm for Communication and Information Technology, which is listed on the Saudi Exchange, and the National Housing Company. It was set up to develop, operate and manage a digital platform that offers technology and fintech services, with digital brokerage solutions for financing at its core.
Azm and the National Housing Company signed a memorandum of understanding in September 2023 covering advanced technologies and new financial solutions. On 5 May 2025 Azm told the Saudi Exchange that the two had signed a partnership agreement to create a specialised entity for digital services and financial brokerage, owned 50 percent by each. The agreement and its projects were subject to approval by the relevant Saudi regulators, and the capital and each side's investment were not stated.
Azm disclosed on 4 August 2025 that the Saudi Central Bank had given preliminary approval for Wasl to conduct digital brokerage activity, and said a preliminary approval was not a final licence. On 6 August 2026 the Saudi Central Bank announced that it had licensed Manasat Wasl Company for Communications and Information Technology to provide finance aggregation services in Saudi Arabia. Azm reported the same day that Wasl Platform had received its final licence for digital brokerage services for financing entities. TechScoop's report on the licence links Manasat Wasl to the Wasl venture. Azm said the financial impact would be reported in its financial statements.
Mubasher's profile of Azm lists Wasl as a wholly owned subsidiary, while Argaam describes equal ownership with the National Housing Company. Argaam's August 2026 report names Firas Al-Mosli as a board member of Wasl. The same report names him as chief executive of AZM FinTech, which Azm signed a non-binding memorandum to study acquiring on 2 August 2026.
Leadership
- Firas Al-Mosli, Board member of Wasl Platform; chief executive of AZM FinTech