Saudi Fund for Development signs $77m loan agreement to set up solar energy plant in Belize

Saudi Fund for Development signs $77m loan agreement to set up solar energy plant in Belize

CAIRO: Saudi Arabia is fast becoming an attractive destination for regional fintech heavyweights thanks to the Kingdom’s carefully regulated operations to ensure ease of doing business in an environment conducive to investments.

Tabby, a leading buy now, pay later platform based in the UAE, is one of the key fintech players to have obtained a permit from the Saudi Central Bank, also known as SAMA, to expand its operations to the Kingdom.

In an interview with Arab News, Tabby CEO Hossam Arab described it as a crucial step that would help solidify the company’s presence in the Kingdom and help boost its growth. 

“Millions of people in Saudi Arabia rely on Tabby today, so it’s an incredibly important step to crystalize our foundations in the Kingdom and continue building toward financial freedom for our community,” Arab said. 

Tabby has outlined ambitious strategies to reinforce its standing in the Saudi market. 

“Having obtained the permit, we are even more excited about the opportunities it presents and our potential for further growth in the Saudi market as we work closely with the regulator in order to further enhance and diversify our offering by introducing new features and flexible payment options that cater to the evolving needs of