Americana in Adnoc stations, Local firms awarded gravel sites, Fintech Arib raises USD 23.5 mn
Summary
Americana Restaurants will open up to 200 dining outlets across Adnoc Distribution service stations in Saudi Arabia, the UAE, and Egypt, giving the chain access to high-traffic roadside locations. The Saudi Industry and Minerals Resources Ministry awarded 11 local firms gravel mining sites at the Al Saman Crushers Complex to secure raw materials for infrastructure projects. Saudi fintech Arib raised USD 23.5 million in a round led by Merak Capital, including shariah-compliant Murabaha facilities, and will use the proceeds to upgrade technology, expand operations, and launch new financing products. Arib operates an online financing marketplace founded in 2018 that connects customers with banks and licensed lenders to compare and apply for financing digitally.