Tarmeez Capital, a rapidly growing Saudi fintech specializing in Sharia-compliant sukuk and debt instruments, has raised a strategic funding round led by Tali Ventures, the corporate venture capital arm of stc group. Founded in 2022 by Nasser Alsaadoun, Tarmeez leverages proprietary technology to streamline sukuk issuance at seven times the speed of traditional methods, serving over 180,000 users with accessible Islamic finance solutions.
Licensed by the Capital Market Authority (CMA), Tarmeez has facilitated more than SAR 2 billion in financing across sectors, growing sukuk issuances by 459% in the past year alone. The investment supports stc group’s strategy to back high-growth digital platforms shaping Saudi Arabia’s financial future and strengthening its capital markets.
Saudi Arabia’s corporate debt market reached SAR 140 billion in 2024, with digital platform issuances surging 127% year-on-year. Tarmeez’s collaboration with stc group is expected to scale its offerings, expanding retail sukuk access and advancing Vision 2030’s financial inclusion goals.
Majed Al Jarboua, General Manager at stc group, highlighted Tarmeez’s growing influence in digital finance infrastructure, while CEO Nasser Al-Saadoun praised the partnership and CMA’s supportive regulatory environment.
Clients benefiting from Tarmeez’s platform include Red Sea International, which accessed Sharia-compliant capital for major infrastructure projects, and RASF Real Estate Development, deploying sukuk financing for a middle-class housing project in Al Khobar.
By democratizing access to ethical, Sharia-compliant finance, Tarmeez aligns with rising ESG investment demand and Vision 2030 ambitions. The company aims to deepen market participation and contribute to expanding Saudi Arabia’s sukuk and debt market to SAR 954 billion by 2030.
