Saudi Exchange clears Albilad Capital as market maker for three ETFs
Summary
Saudi Exchange approved Albilad Capital as a market maker for three of its ETFs under the exchange’s ETF market-making framework. Perfect Presentation for Commercial Services renewed and expanded a sharia-compliant credit facility to support newly awarded projects. Abwab.ai raised SAR 15 million in seed funding to grow its AI-powered SME lending infrastructure, expand its product set, hire engineers, and enter new GCC markets. Masar sold land in Makkah to Al-Diyar for residential and hospitality development, and Akdital acquired a majority stake in a hospital in Makkah as it expands its healthcare footprint in Saudi Arabia.
Funding
Amount
$100.3M
Total raised
Date
September 22, 2026
Announcement date
Investors
Middle East Venture Partners (MEVP)
Lead investors
Company
2p.com.sa
Funded company
AskAI Classifications
Sectors
Fintech, Banking and Payments
General FinTech
Loan Software
Functions
Governance, risk and compliance
Developer and IT Infrastructure
GRC Reporting
Linked Companies
Abwab
up to $1M