Mobily reported a 20.21% YoY increase in net profit for Q1-2025, reaching SAR 767 million. Revenues grew by 5.10% to SAR 4.77 billion, and earnings per share rose to SAR 1. Despite a quarterly decline, Mobily’s annual profit growth was notable, with a 39.20% increase for 2024.
ZainTECH has secured a commercial license in Saudi Arabia, enabling the company to establish regional offices and expand its technology solutions across sectors like IoT, cybersecurity, AI, and cloud services. This move aligns with Saudi Vision 2030, strengthening local collaborations and contributing to the Kingdom’s digital transformation.
stc Group has partnered with Kyndryl to enhance its digital services with advanced multicloud management capabilities. This collaboration, in line with Saudi Vision 2030, aims to simplify cloud adoption and provide secure, scalable solutions, benefiting both stc and its customers through innovative digital offerings, AI capabilities, and integrated platforms.
Sadq, a digital signature provider based in Riyadh, raised $1.46 million in a Pre-Series A round led by X by Unifonic. The funds will help the company scale its infrastructure, enhance security, and support the growing demand for paperless workflows in line with Saudi Arabia’s Vision 2030 digital transformation agenda.
Sadq, a Saudi startup, raised USD 1.46 million in pre-Series A funding, led by X by Unifonic Fund. The investment will help the company enhance its technology, scale services, and expand its digital signature solutions. Founded in 2022, Sadq focuses on digital trust and secure workflow authentication in Saudi Arabia.
Saudi Arabia is advancing its quantum technology capabilities by establishing a Quantum Valley in collaboration with Aramco, SDAIA, and global quantum firms like IBM and Pasqal. This initiative aims to develop the Kingdom’s first quantum computer and support advancements in various sectors, aligning with Saudi Arabia’s Vision 2030.
The second SaudiFood Manufacturing show, set for April 13-15 in Riyadh, will spotlight industry innovation, sustainability, and emerging business models in the Kingdom’s food sector. With over 550 international brands and thought leaders, the event aligns with Saudi Arabia’s Vision 2030, driving growth and local food production.
Telr has partnered with Saudi Awwal Bank (SAB) to enhance payment services and support Saudi Arabia’s Vision 2030 goal for a cashless economy. This collaboration provides merchants with advanced payment solutions, including BNPL and digital invoicing, while improving transaction speed, security, and compliance with local regulations.
SS&C Technologies has opened a new office in Riyadh to deepen its ties with Saudi Arabia’s financial sector. This expansion supports the company’s growth in the region, where it already serves 150 clients. The new office will focus on enhancing collaboration with local regulators and providing tailored services.
Tata Communications and Mobily have strengthened their partnership to enhance Mobily’s international roaming services, providing customers with seamless connectivity and advanced monitoring through RoamPulse. This collaboration aims to improve operational efficiency, reduce costs, and offer a superior roaming experience, while driving new revenue opportunities for Mobily.
