Saudi startups to showcase latest projects at fintech accelerator ceremony in Riyadh

Fintech Saudi was launched by SAMA in partnership with the CMA in April 2018 (File/Twitter)
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Updated 25 July 2022
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Saudi startups to showcase latest projects at fintech accelerator ceremony in Riyadh

RIYADH: Fintech Saudi has invited 12 startups to showcase their final projects during the closing ceremony of the Fintech acceleration program taking place on July 26 in Riyadh.

The ceremony is being held under the patronage of Fahad Al-Mubarak, governor of the Saudi Central Bank, and Mohammed Al-Kuwaiz, the chairman of the Capital Market Authority.

Fintech Saudi was launched by SAMA in partnership with the CMA in April 2018 to act as a catalyst for the development of the financial services technology industry in Saudi Arabia.

The Kingdom launched a new fintech strategy last June to increase the number of fintech companies by threefold in the country.

According to the Ministry of Finance,  the number of fintech firms is expected to increase from 82 to 230 by 2025.

The strategy also seeks to increase the fintech sector’s contribution to the gross domestic product to SR4.5 billion ($1.2 billion) and create nearly 6,000 jobs by 2025.

In addition to raising the sector’s contribution to the Kingdom’s GDP to SR13 billion by 2030, the new plan also aims at increasing investments in fintech companies to SR12 billion.

 


Saudi Arabia’s NDF unveils strategic partners for MOMENTUM 2025 conference 

Updated 07 December 2025
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Saudi Arabia’s NDF unveils strategic partners for MOMENTUM 2025 conference 

RIYADH: Saudi Arabia’s National Development Fund has unveiled the lineup of strategic partners for the Development Finance Conference MOMENTUM 2025, as the Kingdom accelerates efforts to build a more integrated development-finance ecosystem.  

The conference, scheduled for Dec. 9–11 at the King Abdulaziz International Conference Center in Riyadh, will bring together policymakers, lenders and global development institutions as the Kingdom seeks to expand financing channels for key sectors. 

Saudi National Bank and Arab National Bank are named Main Partners, while Riyad Bank will serve as Banking Partner, NDF said in a press release.  

Bank AlJazira and Saudi Awwal Bank join as Enabling Partners, and public-sector participants include Invest Saudi, the Made in Saudi Program, and the Saudi Conventions and Exhibitions General Authority. 

Riyadh Municipality also joins the list as the host city partner, while Saudi Post is the logistics partner for the conference. 

“Collectively, these partnerships advance the conference’s vision of fostering collaboration among public and private sectors, contributing to Saudi Vision 2030 objectives,” the release said. 

Organized by NDF, this year’s conference is convened under the theme “Leading Development Transformation.” 

MOMENTUM 2025 reflects the NDF’s central role as a principal enabler of development in the Kingdom and as a strategic driver of the national development finance system through its 12 affiliated development funds and banks.  

“Through this conference, NDF aims to align efforts, amplify impact, enhance coordination and integration, and build meaningful partnerships with leaders across the public and private sectors. Together, these efforts are intended to ensure sustainable growth and empower strategic sectors to deliver on national and global development goals,” the release added.  

The program will feature more than 100 speakers from over 120 local and international entities, further underscoring the conference’s role as a national forum supporting the leadership’s vision of building a dynamic financing ecosystem that empowers key sectors. 

Several princes, ministers, senior officials, CEOs, global leaders, development experts, and economists are scheduled to attend the conference. 

The event will spotlight the contribution of the private sector and small and medium-sized enterprises in elevating the Kingdom’s economic growth, generating jobs, and boosting competitiveness.