tabby, the leading buy now, pay later (BNPL) provider in Saudi Arabia and the UAE, has raised $50 million in a new equity round which values the company at $300 million. This comes one month after tabby raised $50 million in debt financing bringing tabby’s total funding to over $130 million in less than two
Tanmiah Food Company(“Tanmiah”)has listed on the Saudi Exchange following a successful IPO in which its shares achieved an institutional coverage ratio of 9,534% and a retail coverage ratio of 1,170%. The shares were offered to institutions and individuals at SAR 67, at the top of the range previously set at SAR 59-67. The sale of
Rotana, one of the leading hotel management companies in the region with hotels across the Middle East, Africa, Eastern Europe and Turkey, has signed new management agreements with Al Marasem Development and Marina Way Lagoon. The agreement includes the management of two new properties – Lake Residence, serviced apartments in New Cairo which will also
Gulf Air, the national carrier of the Kingdom of Bahrain, will increase its direct flights to Istanbul starting from tomorrow 02nd August to be daily. Due to popularity and relaxed entry restrictions, Istanbul has been one of the airline’s favourite destinations for Bahrain and GCC customer base and the airline has responded to the demand
Ahead of its historic listing on NASDAQ New York via proposed merger with Vistas Media Acquisition Company, a special purpose acquisition company (NASDAQ:VMAC) Anghami, the Middle East and North Africa’s largest music platform, announced today the launch of an innovative entertainment venue named “Anghami Lab” in the heart of Dubai to be followed by KSA’s
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