EFG Hermes KSA Archives

Saudi Arabia's Extra to List 30% Stake in Financial Services Unit

United Electronics Co. (Extra) plans to list a 30% stake in its financial services unit, United International Holding Co., on the Saudi main market, offering 7.5 million shares....Read More

by WAYA Staff - Oct 22, 2024

Energy

Fuel Prices Drop in Morocco & UAE After Global Oil Prices Fall

Fuel Prices What happened? Current global oil prices are decreasing as the trade war continues to impact the global demand...

by WAYA Staff - Apr 17, 2025

Startups

Flat6Labs & Tawilcom Partner to Launch an Accelerator Program in Morocco

Flat6Labs What happened? Flat6Labs, a MENA venture capital firm, and Tamwilcom signed a partnership, aiming to accelerate the growth of...

by WAYA Staff - Apr 17, 2025

Markets

Iraq’s Growing Economy: Diversification and International Investment Gains

Iraq What happened? According to the World Bank, Iraq is one of the most oil dependent countries in the world....

by WAYA Staff - Apr 17, 2025

Startups

Saudi’s Sadq Raises USD 1.46M to Expand in the Digital Trust Sector

Sadq What happened? Saudi-based Sadq secured USD 1.46 million (SAR 5.50M) in a pre-series A funding round. The round was...

by WAYA Staff - Apr 16, 2025

Markets

China-Algeria Trade Hits USD 4.5B as Partnership Deepens

China and Algeria What happened? Algerian Minister of Industry and Mines, Sifi Ghrieb, emphasized the government’s support for partnership between...

by WAYA Staff - Apr 16, 2025

Money

TruBuild Raises USD 1M in Seed Funding to Expand AI Construction Platform

TruBuild What happened? TruBuild raised USD 1 million in a seed funding round led by Wa’ed Ventures in partnership with...

by WAYA Staff - Apr 16, 2025

Startups

Hong-Kong’s ViAct Raises USD 7.3M to Expand into the Middle East

ViAct What happened? ViAct, Hong Kong based AI startup closed USD 7.3 million in a series A funding round. The...

by WAYA Staff - Apr 16, 2025

Markets

Dubizzle Expands Real Estate Footprint with Property Monitor Acquisition

Dubizzle What happened? Dubizzle announced its acquisition of Property Monitor. The group owns and operates dubizzle, Bayut, Drivearabia, and Hatla2ee...

by WAYA Staff - Apr 15, 2025

Markets

NEOM Backs Liberation Labs to Power Saudi’s Food Biotech Future

NEOM What happened? NEOM Investment Fund (NIF), the investment arm of NEOM, announced an investment in Liberation Labs. What is...

by WAYA Staff - Apr 15, 2025

Money

Fintech BKN301 Raises USD 23.8M to Expand into MENA

BKN301 What happened? BKN301 Group, global baking as a service (BaaS) technology provider closed a USD 23.80 million capital increase. ...

by WAYA Staff - Apr 15, 2025

EFG Hermes KSA

Saudi Arabia's Extra to List 30% Stake in Financial Services Unit

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