Cash My Stock launches in Saudi Arabia with UAE’s AstroLabs to boos B2B e-commerce

Cash My Stock launches in Saudi Arabia with UAE’s AstroLabs to boos B2B e-commerce

Riyadh – Mubasher: The Dubai-based AstroLabs has announced the launch of Cash My Stock in Saudi Arabia to transform the B2B e-commerce landscape in the Kingdom through its digital trading platform.

The platform of Inoovate Holding LTD’s subsidiary, Cash My Stock, focuses on helping companies monetise excess and aging inventory while meeting the expansion and growth needs of retail, wholesale, and distribution firms across Europe, the Middle East, and Africa.

AstroLabs, the business expansion platform in the Gulf area, noted in a press release that the platform will become an instrumental player in revolutionising the B2B e-commerce sector in addition to offering efficiency, transparency, and connectivity to businesses across the region.

Co-Founder and CEO of Cash My Stock, Mohamed Issa, said: “KSA's strategic location as a gateway to the Middle East and its status as one of the largest economies in the region make it an attractive market for B2B e-commerce.”

Issa added: “Expanding into KSA offers Saudi companies the opportunity to expand market reach into the MEA region and help companies improve tied-up working capital in slow-moving or aging inventory.”

He concluded: “Our platform is designed to empower Saudi businesses, enabling them to unlock new growth avenues and streamline their inventory management through our