Morabaha Marina Financing Company signs strategic MoU with hunger station

Morabaha Marina Financing Company signs strategic MoU with hunger station

Riyadh, Saudi Arabia: Morabaha Marina Financing Company (“MRNA”, or “the Company”), a fully independent non-bank Saudi financing company, and Hunger Station, the leading technology company dedicated to facilitating delivery operations, today announced the signing of a strategic memorandum of understanding agreement (“MOU”).

Under the agreement, MRNA will provide innovative digital financing products and services to Hunger Station’s partners and customers, which will be designed in line with MRNA’s strategic objectives to expand its offering through innovative and leading services and products to better serve the digital financial sector. The strategic partnership will offer unique products in the Kingdom, which will help meet Hunger Station’s partner and customer needs, in compliance with Sharia and the Saudi Central Bank regulations.

The partnership is also in line with Hunger Station’s ambitions to provide advanced and pioneering digital financing solutions to its partners and customers through strategic partnerships with financial companies that are licensed by the central bank of Saudi Arabia.

The product was jointly designed by MRNA and Hunger Station in collaboration with relevant authorities and entities. Customers of Hunger Station will enjoy a smooth and simple experience obtaining MRNA’s digital financing products and services.

The agreement comes as part of MRNA’s continuous efforts to support the