Sign in
DEBT WATCH-
GCC-focused investment partnership Amplify Growth launched a USD 100 mn private debt fund, serving tech-driven companies across the Mena+Turkey region, according to a press release. The fund will be mainly dedicated to firms in the series A to series C stages.
Amplify has already sealed its first transaction with an unnamed Saudi-based fintech company. A second investment from the fund will be announced soon, fund head Sharaf Sharaf said.
About Amplify Growth: The partnership was recently established by the Dubai-based asset manager Ajeej Capital acting as the fund’s management, and the venture capital platform Nuwa Capital serving as an advisor.
Nomu-listed healthcare supplier Lana Medical obtained a SAR 5 mn, three-year Shariah-compliant loan from Banque Saudi Fransi to fund letters of guarantee, according to a disclosure to Tadawul.
SPORTS-
Al Hilal TV incoming? Al Hilal plans to launch a global channel via the sports streaming service DAZN, which will be sponsored by Riyadh Season, according to a post on X from the reigning Saudi Pro League champion. The three parties signed an MoU on Tuesday.
EDUCATION-
Saudi Electronic University will roll out the country’s first apprenticeship bachelor’s degree in project management in partnership with UK University of Cumbria and aerospace and defense firm BAE Systems, according to a press release. The program aims to integrate theoretical education with practical training.
FINTECH-
SAB taps PayerMax’s digital payment solutions: Saudi Awwal Bank (SAB) partnered with Singapore-based e-payment firm PayerMax to offer new digital payment solutions for local merchants, according to a press release (pdf).
REAL ESTATE-
US-based real estate developer Colossal Properties partnered with Saudi entrepreneur Prince Faisal Al Saud to launch its business in Riyadh, with a focus on residential and commercial properties, the company said in a press release. Colossal has recently received a construction license from the Investment Ministry.
INFRASTRUCTURE-
PIF-owned real estate developer Roshn and the Riyadh Infrastructure Projects Center will cooperate on infrastructure planning in the Riyadh Province under an MoU they signed, state news agency SPA reports. No further details were provided on the exact projects they will work on.
