Newsroom

PayTabs Since 2014, the world’s most straightforward and reliable payments have been available. PayTabs is a global B2B online payments solution provider that has won numerous awards. Details of the startup: State: Ash Sharqiyah City: Al Khobar Started in: 2014 Founders: Abdulaziz Fahad Al Jouf Industries: E-Commerce, Financial Services, FinTech, Mobile Payments, Payments Number of […]

Riyadh – Mubasher: Saudi Telecom Company (stc) penned cooperation agreements with digital platform PayTabs as well as information technology (IT) solution provider Brightware during their participation in Seamless Saudi Arabia 2023. stc signed the agreement with Brightware on the first day of the event, 4 September, to develop digital payment systems by offering SADAD Aggregator service. The solution […]

The Kingdom of Saudi Arabia has rapidly emerged as a hub for fintech innovation in recent years, fueled by the country’s ambitious Vision 2030 plan and a supportive regulatory environment. As a result, numerous startups have burst onto the scene, leveraging cutting-edge technology to disrupt the financial services sector. In this article, we explore the […]

Over the last decade, MENA’s technology scene has evolved from a relatively disparate collection of markets that largely followed the lead of economies such as the US and China, to a region confidently forging its own technological identity. And with a comparatively young, tech-savvy population of around 578 million, an e-commerce market set to surpass […]

Meet Huda Al Benmoussa, the Business Development Country Manager, KSA, PayTabs Group, an online mobile, social, and next-generation payment processing powerhouse for merchants and super merchants. In 2014, Abdulaziz Fahad Al Jouf, a pioneer for Fintech startups, established PayTabs – the payment processing company after gaining extensive experience founding innovative startup companiesfocused on sales optimization and events management. […]

Meet Johnson Sasikumar, the Group Head of Strategy, PayTabs, an online mobile, social, and next-generation payment processing powerhouse for merchants and super merchants. With an impressive track record as a serial entrepreneur and over 29 years of expertise as a leader in the digital payments industry, Johnson possesses a wealth of knowledge in driving business development, shaping operational […]

Saudi Arabia’s fintech sector is booming. While fintech across the MENA region may be growing rapidly, it is growing exponentially in Saudi Arabia, especially when compared to previous years. In 2022, fintech emerged as the most funded industry in the kingdom with $239 million raised, a 167% increase compared to 2021, according to Magnitt’s 2022 […]

Fintech was a nascent industry, and eCommerce was in its formative stages in Middle Eastern and North African nations in the early 2010s. So when a Saudi Arabian eCommerce entrepreneur — with several startups already under his belt — began searching for an efficient way to facilitate digital payments, traditional banking firms were his only […]

Startups in the Middle East and North Africa region (Mena) raised $125 million in December 2022 across 38 deals, taking the total amount raised last year to approximately $3.6 billion (a rise of 13 per cent compared to 2021) spread over 628 deals. Funding in December was down 40 per cent compared to December 2021 […]

Dubai International Financial Centre (DIFC) As fintech skyrockets in the Middle East, we track the top 10 fintechs to watch in 2023, from all-digital banks to ride-share companies and beyond Fintech in the Middle East has had an enthusiastic welcome. And it’s little wonder that adoption has been high considering the region’s excellent mobile penetration […]

From e-payments to open banking and crypto-assets exchanges, Fintech companies are booming across MENA, driven by high demand from a young and increasingly digital-first population. According to a report by KPMG, investment in Fintech companies in Europe, the Middle East, and Africa (EMEA) hit $77.4 billion in 2021, across 1,859 deals, compared to $26.7 billion […]

Abdulaziz Fahad Al Jouf is a Saudi entrepreneur and the founder and CEO of PayTabs, a revolutionary payment processing firm that he founded in Saudi Arabia in January 2014. Abdulaziz founded PayTabs after gaining extensive experience in founding previous e-commerce businesses such as SaleTab and Extabs. His team refers to him as AA, and he […]

This article showcases our top picks for the best Arab World based E-Commerce companies. These startups and companies are taking a variety of approaches to innovating the E-Commerce industry, but are all exceptional companies well worth a follow. We tried to pick companies across the size spectrum from cutting edge startups to established brands. We […]

Abdulaziz Al Jouf, CEO & founder of PayTabs – a cutting-edge payment solutions and payment processing company, founded in Saudi Arabia in 2014. PayTabs is an award-winning, B2B, payments solutions powerhouse. Our payment processing company caters to growing small and medium enterprises, large corporations, and the e-commerce market by empowering merchants with comprehensive digital payment solutions. PayTab’s […]

RIYADH: Abdulaziz Fahad Al-Jouf is the founder and CEO of PayTabs, a payment processing company founded in Saudi Arabia in January 2014 and now it has offices is the Kingdom, UAE, and Egypt. He graduated from Riyadh’s Imam Muhammad Ibn Saud Islamic University in 1999 with a bachelor’s degree in Islamic business and subsequently obtained a […]

In the United Arab Emirates (UAE), digital payments and cashless transactions are becoming the new norm as both consumers and small and medium-sized enterprises (SMEs) continue to actively embrace these solutions. A new research study by Visa found that compared to global averages, UAE SMEs and consumers are showing a higher level of willingness to […]

Forbes Middle East has released its annual ranking of the Top 50 Most-Funded Startups in the Middle East and North African (MENA) region. Out of these 50 companies, 14 are fintech firms, making the sector the most represented one across all tech sectors. Combined, these 14 fintech companies had raised a total of US$611.1 million, […]

EFG Hermes, the first universal bank in Egypt and the leading investment bank in Frontier Emerging Markets (FEM), has launched an advanced version of its flagship “EFG Hermes One” trading platform. Announcing its launch at the RiseUp Summit 2021, EFG Hermes said the new application will feature a wider range of brokerage services, a fully […]

FINTECH MAPS IN SAUDI ARABIA View full media release

  This article showcases our top picks for the best Saudi Arabian based FinTech companies. These startups and companies are taking a variety of approaches to innovating the FinTech industry, but are all exceptional companies well worth a follow. We tried to pick companies across the size spectrum from cutting edge startups to established brands. […]

This article showcases our top picks for the best Saudi Arabia based Payment & Fintech companies. These startups and companies are taking a variety of approaches to innovating the Payment & Fintech industry, but are all exceptional companies well worth a follow. We tried to pick companies across the size spectrum from cutting edge startups […]

Do you also like to have instant access to the amount paid by your clients using all major credit cards from all over the globe on your websites or mobile apps with just one click? Then go no farther than this comprehensive payment processing solution for your company. Allow your business to take payments immediately […]

This article showcases our top picks for the best Saudi Arabia based Mobile Payment companies. These startups and companies are taking a variety of approaches to innovating the Mobile Payment industry, but are all exceptional companies well worth a follow. We tried to pick companies across the size spectrum from cutting edge startups to established […]

The Middle East online payment gateway market registered a value of around USD 2300 Million in the year 2019 and is further estimated to reach around USD 9500 Million by the year 2028, by growing at a CAGR of 16.80% Over the forecast period of 2020-2028, increasing internet penetration, advancements in online payment technology, rise […]

AROUND FALL 2019, Egyptian digital-payments provider Paymob’s three founders were expecting a year of steady growth. The startup had onboarded about 60 merchants onto their platform that September, and as digital payments grew in popularity, the co-founders were optimistic that they would soon begin adding around 100 merchants a month. Then the pandemic hit, and […]

ArabFinance: From an idea on a Starbucks napkin in 2013 to one of the region’s leading fintech startups, PayTabs has been in the Egyptian market for just over a year and the company has already established itself through a myriad of partnerships with key players. Arab Finance sat down with Hany Soliman the company’s Egypt […]

MENA region is one of the hotspots that has seen Fintech’s grow. From Setting up Sandbox to establishing ‘Reglab’, which eases Fintech establishment; this region has it all. At the same time, Fintechs are anchoring the reforms and bringing in massive opportunities to grow, enabling the MENA region to attract top international company’s investments. This […]

Born out of an idea scribbled on a Starbucks napkin, PayTabs describes itself as the one-stop shop for managing your online business. From a robust payment platform to state-of-the-art technology for developers, PayTabs lures its customers in with the promise of no hidden fees and straightforward pricing. It pays particular attention to the security of […]

Middle East Online Payment Gateway Market report involves growth factors of the worldwide market based on end-users. Also, the industry changing factors for the market segments have been discovered in this report. The market document forecasts the innovative applications of the product market on the basis of several estimations. International Middle East Online Payment Gateway […]

Saudi Arabia has consistently seen a surge in the use of FinTech and related technologies during the global health crisis. There has been a rise in the use of contactless payments, and other forms of digital banking channels. The faster adoption of FinTech has exceeded expectations as part of the country’s Financial Sector Development (FSD) […]

Egypt-based peer-to-peer (P2P) financial technology (fintech) startup Flick, has raised a $1 million a pre-seed funding round from an angel investor. Founded in September, Flick digitises cross-border, end-to-end money transfer and hopes to launch its service early 2021. It allows both the sender and recipient to complete a money transfer from anywhere in the world […]

PayTabs Egypt, a joint venture between EFG Hermes and PayTabs, announced today that existing and prospective clients will be offered access to set up a payment gateway free of charge for a three-month period. The move is unprecedented in the MENA region and marks the widest charge-free extension of an online payment and checkout platform. […]

The GCC stands apart from other regional economies with a vivacious business environment that lends easy access to markets, provides regulatory support, and embraces a streamlined gateway to financial access and expertise. With Fintech being such a novelty in the Gulf region, only coming into existence in 2017, it needs such financial and regulatory infrastructure […]

What is a payment gateway? A payment gateway is a portal that is integrated into an eCommerce website to facilitate the transfer of payment securely from buyer to seller (who in this case is the eCommerce website). These are either provided by banks or third-party companies. The whole process involves several levels of security to […]

A payment gateway is a technology which merchants use to accept customers’ debit or credit card purchases. The concept encompasses not just the traditional card-reading machines used in brick-and-mortar retail stores but also the online stores’ payment processing portals. View full media release

There are certainly many entrepreneurs who have become incredibly successful in their own right: Jeff Bezos, Mark Zuckerberg, or Saudi Arabia’s Abdul Aziz Al-Jouf, CEO and founder of the payment processing company PayTabs. These individuals are testament to the personal success that an entrepreneur can achieve. But the true impact of entrepreneurship goes beyond one […]

While ordering a cup of coffee in 2018, Fatma Khalifa found herself in an all-too familiar situation; she had left her wallet at home. She quickly called her brother Mohamed to come rescue her from the situation and pay the check. On the awkward ride home, the siblings kept thinking of all the different ways […]

They say necessity is the mother of all invention. This statement rings true with the story behind PayTabs and its dynamic founder, Saudi entrepreneur, Abdulaziz Al Jouf. Born on a Starbucks napkin, PayTabs is a secure, trusted payment gateway for all types of transaction processing. What started as a Saudi-born startup, has become a global […]

Author: Fintechnews Middle East As the Fintech industry continues to rise – particularly in the Middle East and UAE, which saw over 100 Fintech firms registered by the DIFC in 2019 – we countdown the top fintech organisations in the region based on funds raised and the company’s scalability. View full media release

Author: Fintechnews Middle East Fintech is booming in the Middle East and North Africa (MENA), now representing one of the hottest industries in the region, according to a new report by investment data platform Magnitt and the Abu Dhabi Global Market (ADGM) international financial center. Since 2015, a total of US$237 million has been invested […]

Author: Gulf Today Staff GIB Saudi Arabia recently hosted ‘Digital Banking 4.0 – the new frontier’ event as part of the Fintech Tour 19. The event took place at GIB’s Innovation Centre located at its new offices in Al Khobar, Saudi Arabia. View full media release

Author: STARTUP MGZN Staff FinTech Tour 19, organized by FinTech Saudi, is a cluster of events and activities hosted by FinTech Saudi’s Partners across Saudi Arabia and the GCC. FinTech Tour 19 will take place between 1st December and 12th December 2019 focusing on the core themes of “Spreading FinTech Knowledge” and “Accelerating FinTech Entrepreneurship”. […]

Author: Satish Kanady With digitalisation of financial services happening at an unprecedented pace in the Mena region, Fintech industry is seeing an immense growth in the region. From payments, banking, financial advisory, capital market and insurance, artificial intelligence (AI), data analytics, cloud and blockchain have reimagined the financial services sector in the region resulting in […]

Author: AA FinTech, as an industry and as a technological solution in this information age of ours, is in the process of taking the world by storm. This point has been made many times in the business press and beyond, so as to hammer home the fact that the rise of the fintech industry will […]

Author: PYments Cross-border B2B payments firm Payoneer has inked a new collaboration with Saudi-based payments processing company PayTabs. Reports in The Hindu Business Line on Friday (July 26) said the companies are collaborating on a solution for B2B vendors selling on proprietary websites, rather than large online marketplaces, to integrate a payment gateway and receive […]

Author: KR Srivats Small and medium businesses (SMBs) and service providers from India selling goods or services through their own websites to customers abroad now have a seamless way to collect and move the payments. View full media release

Saudi Digital Payments Company (STC Pay) signed an agreement with Paytabs to offer digital payment solutions. View full media release

Author: TMS Staff Over the last couple of years, several changes in technology have an impact on financial and banking services as well. Now everyone is aware of the term FinTech which means usage of technology in the financial sector. Definitely, fintech influencers had their piece of share in making fintech an enormous thing by […]

Author: Arab News Staff Abdul Aziz Al-Jouf has been the CEO and founder of the ground-breaking Saudi payment processing company PayTabs since November 2013. A serial entrepreneur and self-confessed risk-taker Al-Jouf, along with his highly successful PayTabs business, has received numerous accolades and awards. View full media release

Author: EN Staff PayTabs joins BTX Saudi Arabia Edition 2019 as the online payment solutions partner to be held on 23rd April 2019 at The Al Faisaliah Hotels, Riyadh. PayTabs is an innovative payment processing and fraud prevention company, built to provide buyers and sellers an advanced technology to pay and get paid. PayTabs is […]

Author: SG Staff RIYADH — ZOHO, the operating system for business – a single online platform capable of running an entire business – has launched Zoho One for Startups program in the Kingdom of Saudi Arabia. The aim of the program is to help startups focus on building a profitable business from the ground up […]

Zoho launches Arabic website, integrates with local payment gateway PayTabs to support businesses in the GCC region. Zoho, a global provider of cloud-based business software, today announced its plans for expanding and reinforcing its presence in the UAE and GCC region. The announcement was made on the sidelines of the company’s annual user conference, Zoholics […]

Author: Bayaan Al-A’abed Remember how awesome STEP 2019 was?! (Check out our coverage of Day 1 & Day 2). Well, what if we tell you it’s happening again, right next to you – just a causeway away from B-Town actually. You heard right, buckle up because STEP is coming to you in Riyadh on March […]

From paper napkin to reality, our CEO & founder explains the growth of PayTabs in the EFMA MIDDLE EAST REGIONAL REVIEW 2019 View full media release

Author: Aneesh Mathew Paytabs in partnership with Flat6Labs hosts a live demonstration of “local startup, now global” View full media release

Author: Entrepreneur ME Staff This year’s Arabnet Riyadh falls under the theme of “Rise of the Innovation Kingdom”. Thousands of digital business leaders, entrepreneurs and investors will gather in Riyadh on Dec 12-13, and will feature two events taking place simultaneously: ArabNet Riyadh for 1,000+ corporate executives and senior government leaders, and the Monsha’at Startup […]

Author: Shereen Ahmed Saudi Arabia has become such a business hub, especially in recent years. According to a report done through a study, the number of funds, co-working spaces, incubators and accelerators and entrepreneurship support organisations have grown TRIPLE in size. View full media release

Consultancy-me.com Firms from four Middle Eastern nations have made this year’s KMPG Fintech 100 list, with Bahrain, the UAE, Jordan and Israel represented among the world’s top established and emerging financial technology innovators. KPMG’s annual Fintech100 list, compiled in collaboration with fintech capital investors H2 Ventures, recognises the world’s leading innovators operating in the fintech […]

Authors: Jason Lasrado, Ranju Warrier, Ahmed Mabrouk  Fintech startups have created quite a buzz in the region, raising over $100 million in the last five years. Investment in this sector is well warranted, considering the fact that traditional banks have had limited success in the region, where 70% of the population do not even have […]

Author: Sarah Willis Recently, a collection of social enterprise and entrepreneurship experts convened at Amity University in Dubai for the second annual National Treasure Conference, a gathering focused on the role that socially responsible for-profit ventures should play in achieving the Sustainable Development Goals set by the United Nations in 2015. One conversation that was […]

Author: Lubna Hamdan Abdulaziz Al Jouf urged entrepreneurs to balance value and profit in order to scale successfully Business owners who focus more on profit than on value will ultimately fail, according to the CEO of Saudi-based payment solutions company PayTabs. Speaking to Arabian Business, Abdulaziz Al Jouf urged entrepreneurs to balance the two factors […]

Author: Bernd Debusmann Jr For decades, tiny Bahrain – population 1.5 million – has punched above its weight in the banking and financial services industry, rivalled only relatively recently in the Gulf by regional powerhouse Dubai. But rather than rest on its laurels, the small Gulf kingdom is striving to be on the cutting edge […]

Author: Lubna Hamdan Saudi-based fintech company to speed up remittance through cryptocurrency Abdulaziz Al Jouf, CEO of Saudi-based digital payment solutions company PayTabs. Despite remaining widely unregulated and highly volatile, cryptocurrency will continue to be used, according to the CEO of Saudi-based digital payment solutions company PayTabs. Speaking to Arabian Business, Abdulaziz Al Jouf said […]

Author: Lubna Hamdan Abdulaziz Al Jouf, CEO of Saudi-based payment solutions company PayTabs, is planning on using elements from cryptocurrency to blockchain and artificial intelligence to ease the payment processes ranging from remittances to SME bank transactions “I was always against working for someone else. I never wanted to be an employee.” It’s the reason […]

Author: Lubna Hamdan Abdulaziz Al Jouf says there has been ‘massive’ change in regional support towards SMEs, but that there remains much more to be done AbdulAziz Aljouf, CEO of Saudi-based digital payment solutions company PayTabs. SMEs in the MENA region require additional support from private and banking sectors, as opposed to governments, according to […]

Author: Bayan Al-A’abed Ever planned of opening a new business in Bahrain but the rumors of how bureaucratic and incredibly challenging it is to do that crawled up into your head and chased that awesome-life-changing idea away? Well, that’s why it’s our job as Startup MGZN to bring you some influential and inspirational people who […]

PayTabs CEO Abdulaziz Al Jouf was interviewed by Entrepreneur Middle East during StartUp Bahrain week back in March. View full media release

Author: Jeremy Lawrence Kuwait’s leading entrepreneurs and CEOs were honoured at the at Arabian Business Achievement Awards, which took place at Jumeirah Messilah Beach Hotel on May 6. The sixteen winners revealed the diversity of Kuwait’s business environment, with entrepreneurs, family heads, corporate CEOs and successful women all scooping the top honours. Finance honours Three awards […]

Author: Sam Mahdavi The MENA startup scene has undergone a true transformation over the last 4 years – both in the number of deals and the amount invested. According to our 2017 Analytics report, the Compound Annual Growth Rate (CAGR) of investment (excluding investments in both Souq and Careem) was almost 75% between 2014 and […]

Author: Jeremy Lawrence The United Arab Emirates remains a hotspot for fintech to grow, closely followed by Jordan as per a recent Forbes report. Similar to the Financial Conduct Authority‘s Regulatory Sandbox in the United Kingdom, The Financial Services Regulatory Authority of the Abu Dhabi Global Market commissioned the first regulatory lab called ‘RegLab‘ which […]

Author: Aashika Jain As India is moving forward in the arena of alternate payment methods, a large number of international companies are making a beeline to leverage their payment networks. Bahrain-based PayTabs, a one of its kind payment platform which is available in 21 countries sees India as a huge potential market. The company is […]

Author: Aseel Bashraheel JEDDAH: Saudi Arabia is brimming with talent, creativity and the drive for innovation. Vision 2030, led by the Crown Prince Mohammed bin Salman, further corroborates the Kingdom’s support for aspiring youth and local businesses to thrive. These are six Saudi start-ups to look out for: YOUPOSITIVE YouPositive is an electronic platform founded […]

Author: Kathryn Semcow The government of Bahrain is expecting 2,500 entrepreneurs from around the region to gather in Manama for its first Start-Up Bahrain Week, which kicked off on Sunday. The event is part of an aggressive strategy by the Bahrain Economic Development Board (EDB) to turn Bahrain into a leading innovation hub for the […]

Author: Jennifer Aguinaldo Paytabs’ payment gateway has acquired 19,000 merchants across 21 countries in three years Bahrain-based online payment gateway Paytabs has managed to onboard 4,000 new merchants in 2017, bringing its total customers to 19,000, according to Punit Dinesh Thakker, the Senior VP of Business Development. Such growth has triggered the company, founded in […]

Author: Bahrain EDB Manama: Bahrain FinTech Bay (“BFB”), the largest Fintech hub in the Middle East & Africa, is pleased to announce its Founding Partners, coinciding with its launch today in Bahrain. BFB is the region’s largest fintech hub and will work with established industry leaders and new entrants from Bahrain, the region and around […]

Author: Zawya Manama, 21 February 2018: Bahrain FinTech Bay (“BFB”), the largest Fintech hub in the Middle East & Africa, is pleased to announce its Founding Partners, coinciding with its launch today in Bahrain. BFB is the region’s largest fintech hub and will work with established industry leaders and new entrants from Bahrain, the region […]

Author: The Daily Tribune Manama: The Bahrain Economic Development Board (EDB) announced the first Fintastic Bahrain Week from February 19 to 21. The week-long series of activities will bring together around 700 international and regional financial services experts to explore disruptive innovation across the industry. Hosting Fintastic Bahrain Week is part of the EDB’s efforts towards […]

Author: Clifford Alvares How Bahrain is seeking to diversify its economy away from oil, and attract Indian and global fintech startups and entrepreneurs It is a good time to start something in fintech in Bahrain,” says Vinod Nagar, VP, Marketing, PayTabs. “So our founder Abdulaziz Aljouf thought Bahrain more cost effective and we got really […]

Author: Sindhu Hariharan MAGNiTT, a platform that tracks and reports developments in the MENA entrepreneurship space, starts 2018 by taking a look at the year gone by and how it treated the region’s startups. Releasing its annual State of MENA Funding report, MAGNiTT finds that in 2017, MENA’s startups attracted US$560 million of investment across […]

Author: Muhammad Riaz Usman Armed with a business degree, Abdulaziz Fahad Al Jouf left for the United States to pursue a second bachelor’s degree. He searched for an economical school in the US and landed in Missouri where he studied software engineering at the University of Missouri-Kansas City. During that time, he founded the first […]

Author: Jennifer Aguinaldo In the Middle East and North Africa (MENA), the financial technology sector, or fintech, is coming of age with regulators and governments across the region thinking more deeply about the impact that fintech companies will have on the broader economy. Over the past decade, fintech startups in the region have raised over […]

Author: Red Herring The Middle East has risen, in a short space of time, from a digital backwater to a region of immense tech promise. The Gulf Cooperation Council (GCC) sits atop its valued metrics. The GCC was formally established in 1981, and includes all the Arab nations of the Persian Gulf except Iraq: Saudi […]

Author: Endeavor SA Endeavor Saudi Arabia, August 19th, 2017 – Saudi entrepreneurs and experts in Fintech discussed the future of technology in financial services during the 4th edition of #ReviveSharqiya meetup. The event was organized by Endeavor Saudi Arabia, Wamda and Global Shapers Khobar Hub, part of the World Economic Forum community, and took place at Al […]

Author: Tarek Ali Ahmed Al Arabiya English exclusively interviewed PayTabs Chief Executive Officer Abdulaziz F. AlJouf for his contributions to ecommerce in the Arab world. PayTabs is economy payment processing and fraud prevention company built to provide buyers and sellers an advanced technology to pay and get paid according to the company’s website. The company […]

Author: Regina Mihindukulasuriya The need to fight fraud online came when PayTabs founder Abdulaziz Aljouf saw millions of money wiped out from an account. There were probably some tears involved too. What’s special about PayTabs is not that it comes from a relatively small gulf nation or that most of its market is in the […]

MANAMA, BAHRAIN: PayTabs, a premier gateway solution company in the Middle East, plans to venture into South-East Asia next year. Founder and chief executive officer Abdulaziz F. Al Jouf said the expansion into 10 countries in the region, including Malaysia, Singapore and Myanmar, is aimed at small and medium enterprises (SMEs). “We are not just […]

Wa’ed Equity advocates an approach that differs from typical Venture Capital functions that focus exclusively on one objective: profit. At Wa’ed Equity, the focus is not only on profit, but also on the creation of quality jobs and economic diversification in the region. Therefore, it is a Venture Capital function with a multinational agenda supporting […]

PayTabs, a payment processing solution company co-owned by Saudi Aramco Entrepreneurship Ventures (Wa’ed), is set to launch its online