DUBAI: Trella, the region’s fastest growing digital freight marketplace, has completed a $42 million funding round.
The deal involved $30 million in new equity and $12 million of debt facilities, the company said in a statement.
The equity element was led by Maersk Growth — the corporate venture arm of global multinational A.P. Moller – Maersk, and Raed Ventures — a Saudi Arabian Venture Capital firm.
“Trella’s product innovation has enabled them to grow significantly in the past year despite the tough operating environment,” said Omar Almajdouie, founding partner of Raed VC.
Other investors include Algebra Ventures, Vision Ventures, Next Billion Ventures, Venture Souq, Foundation Ventures and Flexport.
The debt facilities are being provided by Lendable and other local financial institutions.
Trella is a technology platform for the region’s $50 billion trucking industry and operates in Egypt, Saudi Arabia and Pakistan.
Proceeds from the funding round will be used by Trella to invest in tech capacity and product development, it said.
The company, which has a management team that includes former Uber executives, currently works with more than 350 shipper partners that include Coca-Cola, Maersk, Mondi, Henkel, Orascom and Cemex. It also has more than 15,000 carrier partners.
Saudi-backed Trella closes $42m funding round
https://arab.news/pwgw2
Saudi-backed Trella closes $42m funding round
- The deal involved $30 million in new equity and $12 million of debt facilities
Closing Bell: Saudi main index slips to close at 11,228
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, lost 23.17 points, or 0.21 percent, to close at 11,228.64.
The total trading turnover of the benchmark index was SR2.99 billion ($797 million), as 170 of the stocks advanced and 82 retreated.
On the other hand, the Kingdom’s parallel market Nomu gained 449.38 points, or 1.90 percent, to close at 24,093.12. This comes as 43 of the stocks advanced while 27 retreated.
The MSCI Tadawul Index lost 6.07 points, or 0.40 percent, to close at 1,511.36.
The best-performing stock of the day was Obeikan Glass Co., whose share price surged 7.54 percent to SR27.66.
Other top performers included Alamar Foods Co., whose share price rose 6.80 percent to SR47.10, as well as Saudi Kayan Petrochemical Co., whose share price climbed 6.79 percent to SR5.66.
Saudi Investment Bank recorded the steepest drop, falling 3.21 percent to SR13.56.
Jahez International Co. for Information System Technology also saw its share price fall 3.15 percent to SR13.55.
Rabigh Refining and Petrochemical Co. declined 2.78 percent to SR7.34.
On the announcements front, Tanmiah Food Co. reported its annual financial results for the period ending Dec. 31. According to a Tadawul statement, the company recorded a net loss of SR18.8 million, compared with a net profit of SR95.8 million a year earlier.
The net loss was mainly due to ongoing market challenges that resulted in continued pricing pressures in fresh poultry, inflationary cost pressures, higher financing expenses, and depreciation and ramp-up costs from new facilities, partially offset by increased production volumes and cost-optimization initiatives.
Tanmiah Food Co. ended the session at SR58.20, up 3.72 percent.
United International Holding Co., also known as Tas’heel, announced its annual financial results for the period ending Dec. 31. A bourse filing showed the company recorded a net profit of SR273.64 million in 2025, up 23.05 percent from 2024, primarily driven by a 23.4 percent rise in revenues. The revenue growth helped lift gross profit by 23.7 percent.
Tas’heel ended the session at SR146.80, down 0.28 percent.
