Saudi-based fintech company Halalah rebrands to Hala

Esam Al-Nahdi, founder and CEO of Hala.
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Updated 17 June 2020
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Saudi-based fintech company Halalah rebrands to Hala

A fast growing fintech company in Saudi Arabia, Halalah, has changed its brand name to Hala, in a move to reintroduce its financial services in the Kingdom and grow regionally with a spectrum of digital banking services.

An early industry entrant, Halalah started operations in 2018, and in 2019 acquired a sandbox license to offer its services, before becoming one of the first fintech companies in Saudi Arabia to be fully regulated by the Saudi Arabian Monetary Authority (SAMA) in 2020.

“We aim to redefine the concept of digital banking in the region,” said Esam Al-Nahdi, founder and CEO. “Accordingly, this rebranding took place as we want to be more accessible and friendlier to our customers in the Kingdom and the region.”

The choice of the new name came after “a thorough rebranding exercise that redefined the company’s brand and product strategy, as it plans to swiftly roll out a set of services that will reflect its customer-centric proposition and values,” Al-Nahdi added.

Starting in Saudi Arabia with clear ambitions for the regional fintech market, the company was licensed in the UAE in 2017 by the FSRA’s Fintech RegLab in Abu Dhabi Global Market (ADGM), before coming back to the Kingdom to kick-start its operations in November 2018.

“With its new operating model, and robust infrastructure and product engine, Hala is now in the right position to cater to the needs of the new generation of customers. Coupled with its strategic partnerships with different major industry players, the company is in the right position to achieve its local, regional and global plans,” said Maher Loubieh, co-founder and chief strategy officer.

Al-Nahdi said that under the new name, Hala’s next milestone is to relaunch its proposition with a new set of financial services that will reflect its strategy and ambitions.


‘Deal Day’ connects water startups with investors at Jeddah conference

Updated 11 December 2025
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‘Deal Day’ connects water startups with investors at Jeddah conference

Deal Day, held as part of the Innovation in Water Sustainability Conference in Jeddah, brought together leading innovators and investors at one of the region’s most significant platforms for advancing water technologies. The event showcased 36 startups presenting innovative solutions for the water sector, including 12 winners of the Global Prize for Innovation in Water, to an audience of more than 50 investors and investment funds representing 10 countries.

Participants presented innovative solutions focused on water production, treatment, and reuse. The combined market value of the participating companies exceeded SR1 billion ($266.6 million), reflecting strong investment momentum and the expanding opportunities in water technology development.

Deal Day is organized under the umbrella of the Saudi Water Innovation Center, the innovation arm of the Saudi Water Authority. The center focuses on developing innovations and building startups specializing in desalination, treatment, and reuse. It strengthens the national innovation ecosystem through incubation programs, accelerators, and the transfer of technologies from the research and development stage to commercial application.

The event featured two main tracks. The first is the Innovation Track, which focuses on transforming ideas into practical applications during hackathon stages, through a development environment that encourages collaboration and learning, serving innovators, researchers, and entrepreneurs.

The second is the Investment Adoption Track, which accelerates the adoption of ready-to-implement innovations and directly connects patents to the market, enabling investors and creating practical opportunities for startup growth while speeding technology transfer.

Deal Day serves as an investment platform that bridges innovation with funding through project pitch sessions and one-on-one meetings that help build commercial agreements and partnerships. It supports the transition of innovations from development to real-world implementation across vital sectors.

This event enhances the presence of startups in the water sector both locally and internationally, aligning with future technology development trends and expanding investment in sustainability solutions.