Saudi Arabia

Saudi fintech Stream raises $4M to power MENA fintech growth

Saudi fintech Stream, founded in 2024 by Ibrahim Aldlaigan, raised $4 million in seed funding led by Outliers VC with participation from BYLD Ventures and Careem co-founder Abdullah Elyas, to expand its automated billing and payments platform across the MENA region.

Saudi Arabia’s noon, Jahez merge to take on rising competition from Keeta and HungerStation

Saudi Arabia’s noon and Jahez have agreed to merge their delivery platforms, integrating food and quick commerce services. The deal, disclosed on the Saudi Exchange, intensifies competition with HungerStation, Careem, Mrsool, and China’s Meituan-backed Keeta in the Kingdom’s $20 billion delivery market.

Saudi Arabia’s HUMAIN and Blackstone’s AirTrunk form US$3 B data-centre alliance

HUMAIN, the AI company owned by Saudi Arabia’s PIF, and AirTrunk, backed by Blackstone and CPP Investments, have entered a strategic US$3 billion partnership to develop a hyperscale data-centre campus in the Kingdom of Saudi Arabia, marking AirTrunk’s entry into the Middle East and supporting the country’s AI-driven economy ambitions.