Company Insights Alrajhi Bank Banking and Finance Alrajhi Bank News Microsoft-backed Indian tech firm in Mena expansion Indian HR software provider Darwinbox is increasing its Middle East headcount as part of its push into the region following Microsoft’s investment in the company. Microsoft bought a stake in the tech firm, which is based in Hyderabad, with the duo forming a partnership that enables both companies to share leads and what Darwinbox describes […] January 20, 2023 Transport Invygo, Gulf’s largest car subscription startup, raises $10m Invygo, the Gulf’s first car subscription operator, has secured $10 million in new funding, endorsing a trend for businesses to opt for renting over ownership. Headquartered in Saudi Arabia and the UAE, Invygo is an app-based service that allows people to choose, drive and swap cars. Founded in 2019, the new funding was led by […] October 31, 2022 Tourism Saudi Arabia plans lifestyle hotels in new $400m deal Lifestyle hotel brands such as Mama Shelter, The Hoxton and 25hours are set to debut in Saudi Arabia as part of a new $400 million deal. The kingdom’s Tourism Development Fund (TDF) today announced the signing of a tripartite deal with Ennismore, the world’s largest and fastest-growing lifestyle hospitality company, and Saudi-based asset manager Al […] July 20, 2022 Saudi Al Rajhi Bank reports 24% rise in Q1 profit Saudi Arabian lender Al Rajhi Bank has announced a nearly 24 percent rise in quarterly earnings, fuelled by a jump in net financing for customers, and higher investment income and fees from banking services. The bank reported a net profit of 4.1 billion riyals ($1.09 billion) for the first quarter ended March 31, up 3.34 […] April 27, 2022 Posts navigation Previous 1 … 4 5
Microsoft-backed Indian tech firm in Mena expansion Indian HR software provider Darwinbox is increasing its Middle East headcount as part of its push into the region following Microsoft’s investment in the company. Microsoft bought a stake in the tech firm, which is based in Hyderabad, with the duo forming a partnership that enables both companies to share leads and what Darwinbox describes […] January 20, 2023
Transport Invygo, Gulf’s largest car subscription startup, raises $10m Invygo, the Gulf’s first car subscription operator, has secured $10 million in new funding, endorsing a trend for businesses to opt for renting over ownership. Headquartered in Saudi Arabia and the UAE, Invygo is an app-based service that allows people to choose, drive and swap cars. Founded in 2019, the new funding was led by […] October 31, 2022
Tourism Saudi Arabia plans lifestyle hotels in new $400m deal Lifestyle hotel brands such as Mama Shelter, The Hoxton and 25hours are set to debut in Saudi Arabia as part of a new $400 million deal. The kingdom’s Tourism Development Fund (TDF) today announced the signing of a tripartite deal with Ennismore, the world’s largest and fastest-growing lifestyle hospitality company, and Saudi-based asset manager Al […] July 20, 2022
Saudi Al Rajhi Bank reports 24% rise in Q1 profit Saudi Arabian lender Al Rajhi Bank has announced a nearly 24 percent rise in quarterly earnings, fuelled by a jump in net financing for customers, and higher investment income and fees from banking services. The bank reported a net profit of 4.1 billion riyals ($1.09 billion) for the first quarter ended March 31, up 3.34 […] April 27, 2022
