In a proactive move towards regional expansion and integration into the financial technology sector in the Kingdom of Saudi Arabia, “ElGameya,” a leading Egyptian company in financial technology renowned for its services in the rotating savings and credit associations (ROSCA) system, has announced a strategic partnership with “Saad Khalid Al-Moajil,” one of the leading investment companies in the region. This partnership aims to expand the scope of “ElGameya” business in the Saudi market, delivering advanced solutions tailored to the rotating financial cooperatives sector, aimed at enhancing customer experience based on the company’s accumulated expertise in the sector over the years, in addition to targeting underserved segments in the Saudi market. This partnership has been established in collaboration with the specialized financial technology company builder, Fin Ventures, as a partner and strategic advisor.
This collaboration is set to provide innovative financial solutions in the Saudi market, leveraging the extensive expertise of “ElGameya” in this field, heralding a new era in digital cooperative financial management in the Kingdom. The partnership includes a strategic investment from “Saad Khalid Al-Moajil” to support the launch of “ElGameya’s” services in the Saudi market.
About the Partnership
Ahmed Abdeen, the Founder and CEO of “ElGameya,” stated: “The synergy between ‘ElGameya’s’ innovative approach in financial technology and ‘Al-Moajil’s’ deep presence in the Saudi market creates unprecedented opportunities for empowerment and financial inclusion.” In this regard, Saad Khalid Al-Moajil affirmed, “This partnership aligns with our commitment to adopting innovative solutions that meet the evolving needs of our customers and the market as a whole.”
Meanwhile, Fin Ventures expressed enthusiasm for facilitating “ElGameya’s” entry into the Saudi market. The company’s CEO, Haitham Al-Sahafi, stated, “Our role in this fruitful partnership underscores our commitment to nurturing innovative ideas in financial technology that can propel the financial sector in the region to unprecedented levels.”
“ElGameya” Revolutionizes Financial Circles
“ElGameya” offers its services through a unique financial platform that transforms and simplifies the ROSCA system, enabling users to join financial circles, create their own, manage their savings efficiently, and access a range of exclusive benefits. In a short period, “ElGameya” has achieved remarkable success in the financial technology sector, making it one of the leading companies in the field.
About “Saad Khalid Al-Moajil”
Founded in 2012 and headquartered in Dammam, “Saad Khalid Al-Moajil” quickly became a prominent name in the investment sector in the Kingdom, owning a diverse portfolio of companies in trade, real estate development, and financial services. In recent years, the company has focused on expanding its scope through investing in promising startups in the financial technology sector in the region, affirming its commitment to innovation and economic development in the Kingdom.
About Fin Ventures
A leading company in developing and establishing projects in the financial technology sector in the Kingdom of Saudi Arabia, Fin Ventures’ partnership with “ElGameya” and “Saad Khalid Al-Moajil” is a testament to its commitment to driving technological advancement and financial inclusion in the region.
This collaboration marks a significant step towards empowering the Saudi market in advanced financial technology, paving the way for a future characterized by more efficient and accessible financial management in the financial technology sector. Through innovation and the delivery of advanced financial solutions, this partnership aims to make a tangible impact on the lives of individuals and institutions alike, contributing to economic growth in the Kingdom of Saudi Arabia.
“ElGameya,” “Saad Khalid Al-Moajil,” and “Fin Ventures” present a model of strategic cooperation that can bring about positive and sustainable change in the digital financial sector in the Kingdom of Saudi Arabia.
