Social Development Bank concludes FintechHub program

The FintechHub program culminated in the graduation of 26 entrepreneurs specializing in tech startups.
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Updated 16 September 2024
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Social Development Bank concludes FintechHub program

Saudi Arabia’s Social Development Bank concluded the FintechHub program in partnership with the United Nations Conference on Trade and Development and its Empretec program, with support from Fintech Saudi. This initiative marks the first of its kind under the Empretec Center and is part of SDB’s ongoing commitment to driving innovation and supporting entrepreneurship in the financial technology sector.

Held from Sept. 8-12 in Riyadh, the FintechHub program focused on fostering innovation in financial technology by developing a robust economic ecosystem designed to support emerging ventures and aspiring entrepreneurs. Participants were introduced to the latest trends in fintech and provided with knowledge and tools to develop their projects and achieve sustainable success.

The program highlights SDB’s strong collaboration with key players in the financial technology sector, including Fintech Saudi, which plays a pivotal role in enhancing the Kingdom’s fintech ecosystem. The initiative is also supported by certified trainers from the Empretec program, alongside leading global fintech entrepreneurs, offering participants access to expertise and industry insights.

Throughout the program, participants explored cutting-edge technologies and innovations to ensure they stay ahead of market developments. They also learned how to create sustainable, effective business models aligned with consumer needs and designed to drive economic growth. 

In addition, the program provided a valuable networking platform, enabling participants to connect with fellow entrepreneurs and industry leaders, further supporting their journey toward success.

As part of the program’s activities, participants had the opportunity to present their projects to a group of prominent investors in the Kingdom, including Rakan Al-Fadl from Takamol, Abdullah Al-Duwaish from Flat6Labs, and Philip Matos, CEO of ABstartups. The program also featured inspiring talks from successful local entrepreneurs, including Maher Loubieh, CEO and co-founder of HALA, who shared his experience and insights on building a startup in the fintech sector.

The FintechHub program culminated in the graduation of 26 entrepreneurs specializing in tech startups, showcasing the initiative’s success in building a strong foundation of business leaders within the financial technology space.

This program underscores SDB’s dedication to supporting the growth of the fintech sector and promoting sustainable economic development through innovation and entrepreneurship.


iCAUR V27 conquers city roads with new energy technology

Updated 23 February 2026
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iCAUR V27 conquers city roads with new energy technology

A media test drive event focused on premium on-road driving was held in Jeddah. On Feb. 5, iCAUR invited representatives from media outlets, including leading automotive outlet Motory, to take part in an in-depth driving experience featuring the all-round hybrid SUV V27 across urban roads and intercity highways.
Guests gathered at Jeddah’s premium landmark, Millionaire Restaurant, where the iCAUR Saudi Arabia team introduced the V27’s design philosophy and key technologies. Open discussions followed, helping members of the media gain a clearer understanding of iCAUR’s brand vision and the V27’s core strengths ahead of the test drive.
The test drive route covered urban roads in Jeddah as well as inter-city highways leading to King Abdullah Economic City, providing an ideal setting to evaluate the V27’s on-road performance across varied conditions. During long-distance highway driving, range and power remain key considerations, and the iCAUR V27 demonstrated solid on-road performance. As the brand’s first mass-production model equipped with the Golden REEV system, the V27 features a dedicated 1.5T range-extender engine with a thermal efficiency of 45.79 percent. It generates 3.71 kWh of electricity per liter of fuel and delivers a combined range of over 1,000 km, effectively addressing long-distance travel concerns.
On city streets with moderate traffic, the V27 impressed with its smooth and quiet ride. The electric motors deliver responsive, linear acceleration, with seamless start-stop performance that keeps driving relaxed even in traffic. Once on open intercity highways, pressing the accelerator fully unleashes 455 hp from the dual motors, propelling the SUV from zero to 100 km/h in about five seconds. Overtaking and lane changes feel effortless, with no hint of lag at any point.
Even more impressive, this five-meter-long SUV, with a chassis tuned by the internationally renowned racing team Prodive and equipped with an intelligent all-wheel drive system, maintained precise handling at high-speed corners. The steering felt responsive and refined, while the suspension offered solid support, completely defying the typical perception of large SUVs as cumbersome. “I didn’t expect such a large SUV to handle so nimbly — it was enjoyable to drive from start to finish,” one media guest remarked after the test drive. “The intelligent cockpit exceeded all expectations, making long-distance driving both comfortable and enjoyable!”
During the test drive, several media representatives praised the V27’s Stellar Cockpit. The 15.4-inch 3K HD touchscreen delivers crisp, detailed visuals, while the smart infotainment system powered by the 8155 chip ensures smooth operation comparable to a premium tablet, with seamless swiping and no lag. Meanwhile, a temperature-controlled armrest compartment, along with ventilated and heated seats precisely calibrated to the driver’s comfort, kept the driving experience enjoyable throughout the long-distance journey.
Previous test drives at Riyadh’s Edge of the World demonstrated the V27’s off-road capabilities under challenging conditions. The Jeddah media test drive, however, offered a first-hand experience of the V27’s impressive performance in city commuting and intercity highway scenarios. It not only overcomes the typical trade-off between power and range found in conventional new energy vehicles but also seamlessly combines intelligent technology with precise handling, meeting the key expectations of Saudi drivers for on-road performance.
As a model tailored for the Middle East market, the iCAUR V27 made its global debut in the UAE on Feb. 8, followed by a launch in Bahrain on Feb. 10. The arrival of the V27 is expected to bring fresh energy and new possibilities to the region’s premium new energy mobility segment.