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Reading: Fintech lights up Saudi Arabia’s venture space  
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UAE News Room > News > UAE > Finance > Fintech lights up Saudi Arabia’s venture space  
Finance

Fintech lights up Saudi Arabia’s venture space  

UAE Newsroom
Last updated: 2023/11/27 at 11:46 AM
UAE Newsroom 2 years ago
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CAIRO: With an objective to host 525 fintech companies by 2030, Saudi Arabia has emerged as a prime destination for both regional and global firms eager to tap into its burgeoning market.  

Following the financial sector development strategy unveiled last year, the Kingdom is on track to position itself as a regional hub for the industry. 

On that note, US-based fintech company Tribal Credit has renewed its $150 million debt facility to fuel its expansion into Saudi Arabia.  

Founded in 2016 in Silicon Valley by Amr Shady, Duane Good, Hariraj Jayakumar, Mark Graves, Mohamed…



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