The Ministry of Investment announced that Tabby, a leading fintech services provider in MENA, is set to establish its headquarters in the Kingdom ahead of listing its shares on the Saudi Exchange (Tadawul).
The ministry signed a memorandum of understanding today, Sept. 28, with Tabby to support financial inclusion and SMEs in the Kingdom, the ministry said on X, formerly known as Twitter.
Tabby was established in the UAE in 2019. It operates in the field of financial technology, according to Argaam's data.
In July, the Saudi Central Bank (SAMA) gave the green light for Tabby to provide buy now, pay later solutions.
Source : Argaam