– Tawaref, a Saudi-based investment community, has acquired Amaana.ai to strengthen its AI-driven services for startups and investors in the MENA region.

– Amaana.ai specializes in automating key business processes like licensing and banking setup, enhancing Tawaref’s ability to deliver innovative financial and technological solutions.

– The acquisition aligns with Tawaref’s mission to support startups with advanced AI solutions, expanding its services to include AI-driven business solutions, company formation, and government registration through the Saudi Landing Program.

Tawaref, a Saudi-based investment community supporting startups across the MENA region, has announced the acquisition of Amaana.ai, an advanced AI solutions provider. This acquisition enhances Tawaref’s ability to offer AI-driven services to its expanding network of startups and investors.

Amaana.ai is known for its expertise in automating critical processes such as licensing and banking setup, facilitating business entry into Saudi Arabia. This strengthens Tawaref’s capacity to deliver innovative financial and technological solutions, focusing on collaboration and leveraging AI technologies across various industries.

Saeed Al Ansari, CEO of Tawaref, stated: “The integration of Amaana.ai allows us to elevate our service offerings and reinforce our mission to support startups with advanced, AI-driven solutions. By blending our expertise, we’re providing smarter and more efficient solutions that will help our clients navigate the Saudi market with ease.”

Su Le, CEO of Amaana.ai, who will transition to an advisory role at Tawaref, added: “This acquisition marks a significant milestone, uniting two companies with a shared vision of innovation and market leadership. Together, we’re empowering entrepreneurs with the tools they need to accelerate their success in one of the world’s fastest-growing markets.”

Njoud AlYousef, Tim Abbott, and Chris Hafner, co-founders of Amaana.ai and fellow advisors, highlighted the strategic value of this acquisition in driving entrepreneurship and innovation.

Tawaref’s expanded offerings now include AI-driven business solutions, company formation, legal and accounting services, and government registration through the Saudi Landing Program.