Emirates to add fourth daily flight to Riyadh

The fourth daily flight will be serviced by the Boeing 777-300ER in a three-class configuration.
Updated 28 August 2018
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Emirates to add fourth daily flight to Riyadh

Emirates will boost its services to Riyadh with the addition of a fourth daily flight to the Saudi capital from Sept. 1. The addition of the fourth daily service will take the total number of weekly Emirates flights serving Riyadh to 28. 

Adil Al-Ghaith, senior vice president commercial operations, Gulf, Middle East and Iran, said: “Emirates’ expanded schedule to Riyadh will offer more travel options and choice for business travelers and families alike who are looking to visit Dubai. There are strong passenger flows between Riyadh and Dubai so enhancing our services makes business sense, and further underscores Riyadh’s importance within our global network.”

The fourth daily flight will be serviced by the Boeing 777-300ER in a three-class configuration. Emirates flight EK813 will depart Dubai at 3 p.m. arriving in Riyadh at 3:50 p.m. The return flight, EK814 will depart Riyadh at 5:50 p.m. and will arrive in Dubai at 8:40 p.m. The late afternoon departure offers an additional option for travelers, complementing the existing morning and evening flights.

Dubai’s attractiveness as a destination for Saudi travelers continues to be strong and in 2017 more than 1.5 million Saudis visited the city, according to data published by the Department of Tourism and Commerce Marketing (Dubai Tourism). Dubai offers an extensive array of leisure and family activities catering to every taste, in addition to hotels for all budgets. 

As a commercial and business hub, Dubai has become a platform for a myriad of businesses seeking exposure in emerging markets, and is also a springboard for investments coming into the region. Saudi Arabia is the UAE’s largest trading partner in the region, with non-oil trade reaching an estimated 88 billion dirhams ($24 billion) in 2017, according to UAE Federal Customs Authority data. 


Muhlah closes $7.5m seed round led by BIM Ventures and Japan’s SBI Group

Updated 10 March 2026
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Muhlah closes $7.5m seed round led by BIM Ventures and Japan’s SBI Group

Muhlah Zamaniyah for Finance, operating under the brand Muhlah, a Saudi fintech-enabled consumer microfinance company licensed by the Saudi Central Bank, announced the closing of its seed investment round totaling SR28.25 million ($7.5 million).

The round was led by BIM Ventures and SBI Group, a Japanese financial conglomerate, with participation from AlSuhaimi Holding Group and Fakhr Investment Holding Company. Muhlah is a venture-studio spinoff from BIM Ventures, established to deliver regulated, scalable financing solutions supported by strong governance and compliance.

This round reflects the growing attractiveness of Saudi Arabia to foreign capital within a well-regulated financial sector. The participation of SBI Group represents foreign direct investment supporting Muhlah’s expansion and accelerating its ability to deliver Shariah-compliant financing solutions, building on the strategic partnership between BIM Ventures and SBI Group.

Muhlah intends to progressively expand its financing capacity through Shariah-compliant structures, including off-balance-sheet and partner-backed arrangements. The company intends to explore additional funding channels and international partnerships to support its growth, subject to market conditions and further agreements.

Yoshitaka Kitao, representative director, chairman, president and CEO, said: “The shareholders, BIM and SBI Group, entered into the memorandum of understanding in May 2024, under the support of the Ministry of Investment, regarding a strategic business alliance that includes the joint establishment and management of investment funds. This transaction represents one of the concrete initiatives undertaken pursuant to that alliance.”

Mohamed Amine Merah, managing partner and CEO, BIM Ventures, said: “From inception, Muhlah was designed to bridge local market expertise with global financial depth. Our partnership with SBI Group, one of Asia’s largest financial conglomerates, brings a unique combination of fintech know-how and access to Japanese and international capital markets into Saudi Arabia’s consumer finance sector. This round reflects what the BIM-SBI alliance was built to achieve: creating investable, regulation-ready platforms that attract world-class partners to the Kingdom.”

Abdulaziz Al-Rammah, CEO of Muhlah, will lead the company’s next phase of growth, focused on expanding access to Shariah-compliant consumer microfinance through responsible products that strengthen transparency, affordability, and sustainable repayment outcomes.