Latest news with #AlJaziraCapital
Argaam
22-05-2025
- Business
- Argaam
IT market likely to reach 2x telecom: AlJazira Capital
Jassim AlJubran, Head of Sell-Side Research at AlJazira Capital, expects rapid growth in the software and digital services sector. This sector surpassed telecommunications in 2021, reaching SAR 101 billion in 2024 versus SAR 79 billion for telecom. Growth is driven by digital transformation and ongoing government spending. In an interview with Argaam at the 2025 Telecom and Technology Indicators Forum, AlJubran said the IT market is forecasted to become twice the size of telecom in the coming years due to strong growth potential. He noted that telecom has seen major operational changes recently, fueled by 5G expansion, fiber optic access, and rising data demand. These changes have boosted financial results for major firms, with revenue compound annual growth rate (CAGR) rising to 6.6% from 2018 to 2024, compared to negative growth in earlier years. AlJubran pointed out that unifying telecom tower assets under one entity, backed by the Public Investment Fund, is a strategic move improving efficiency and speeding up 5G rollout. On investment, he said capital expenditure climbed to 16.5% of revenues in 2024, up from a 14% average during 2021–2023. This increase supports data center upgrades, 5G expansion, and AI and cybersecurity investments.
CairoScene
27-03-2025
- Business
- CairoScene
Dubai Fintech Startup YAP Raises $41 Million to Expand Regionally
The digital banking platform will use the funds to grow operations in Saudi Arabia, Pakistan, Ghana, and Egypt. Mar 27, 2025 Dubai-based digital banking startup YAP has secured $41 million in funding to support its ongoing expansion across the Middle East and Africa, with new market entries planned for Saudi Arabia, Pakistan, Ghana, and Egypt. The funding round was led by Saudi Arabia's AlJazira Capital, with participation from Abu Dawood Group, Astra Group, and Audacia Capital. Founded in 2021, YAP offers a digital banking platform that provides tools for budgeting, spending analytics, card controls, and real-time transaction notifications. Since launch, the app has attracted over 130,000 users. The start-up operates without a banking licence, instead partnering with traditional financial institutions to deliver its services. As part of its expansion into Saudi Arabia, YAP is collaborating with Bank AlJazira to roll out consumer and business banking services. The company has also secured regulatory approval in Pakistan and Ghana, and is preparing to enter the Egyptian market. YAP's product offering includes physical debit and prepaid cards, as well as virtual cards, tailored to streamline financial access in its target markets. The company expects to close its Series A funding round by the end of 2025.
Argaam
23-02-2025
- Automotive
- Argaam
AlJazira Capital says Mobily's Q4 2024 net profit beats estimate, reiterates rating
Logo of Etihad Etisalat Co. AlJazira Capital said Etihad Etisalat Co.'s (Mobily) Q4 2024 net profit of SAR 980 million surpassed i
Daily Tribune
12-02-2025
- Business
- Daily Tribune
Unipal closes Pre-Series A round to further fuel its growth across Saudi Arabia
Unipal, the biggest youth benefits platform in the region, successfully raised its Pre-Series A investment round. The round was led by Plus VC with participation from Al Jazira Capital, RZM Investments, Falak Angels, Doha Tech Angels and other prominent angel investors. Unipal connects brands to the most important customer base, the youth, through a personalized experience in its innovative App. Since its launch in 2020, Unipal created a strong foothold in Bahrain, with 98% of the student population registered on the platform. In less than a year of expanding to Riyadh, Unipal grew to 250,000 users and 700 brands. This investment marks a strategic milestone in strengthening Unipal's position as the leading youth benefits provider across the GCC. It marks a step towards Unipal's expansion to officially launch in Jeddah, Madinah, Dammam & Khobar this year. It's also aiming to launch its new App with enhanced algorithms to create a Netflix-like experience for its users. 'We're here to double down on the growth and the investment represents a significant step forward in our goal to become the number one youth platform in the whole region. We're also proud to have prestigious investors who provide both investment and strategic support, believing in Unipal's potential as much as we do.' shared Ali Alalawi, Cofounder of Unipal. Hasan Haider, Managing Partner at Plus VC, said: 'Unipal is a game-changer, redefining how the youth enjoy exclusive discounts and interact with different brands. Their growth trajectory and ability to create value for the youth and businesses make them an outstanding investment opportunity. We believe in supporting ventures that drive tangible benefits for their communities.' Abdulla Alkasabi, CEO of RZM Investment, elaborated on their decision to invest saying 'Unipal has demonstrated remarkable traction in a short period. Their vision aligns with our commitment to investing in innovative solutions that create lasting value.' Adwa Aldakheel, CEO of Falak Investment Hub, said: 'Unipal is more than a discount platform; it's a partner for brands aiming to connect with influential youth, and a supporter of enhancing the daily lives of the youth. This investment reflects our commitment to empowering impactful startups that deliver tangible solutions.' Rawan AlRasheed, Head of Impact Lab at Al Jazira Capital, shared her thoughts: 'We believe Unipal will play a crucial role in advancing financial accessibility for the youth while contributing to the growth of the fintech ecosystem. Our investment reflects our commitment to supporting startups that drive meaningful financial solutions, foster financial inclusion and empower future generations'. This comes as part of Unipal's participation in Bahrain's pavilion, organized and supported by the Labour Fund (Tamkeen), at the annual LEAP Technology Conference, in Riyadh, the Kingdom of Saudi Arabia.
Zawya
11-02-2025
- Business
- Zawya
Unipal closes Pre-Series A round to further fuel its growth across Saudi Arabia
Riyadh, Saudi Arabia: Unipal, the biggest youth benefits platform in the region, successfully raised its Pre-Series A investment round. The round was led by Plus VC with participation from Al Jazira Capital, RZM Investments, Falak Angels, Doha Tech Angels and other prominent angel investors. Unipal connects brands to the most important customer base, the youth, through a personalized experience in its innovative App. Since its launch in 2020, Unipal created a strong foothold in Bahrain, with 98% of the student population registered on the platform. In less than a year of expanding to Riyadh, Unipal grew to 250,000 users and 700 brands. This investment marks a strategic milestone in strengthening Unipal's position as the leading youth benefits provider across the GCC. It marks a step towards Unipal's expansion to officially launch in Jeddah, Madinah, Dammam & Khobar this year. It's also aiming to launch its new App with enhanced algorithms to create a Netflix-like experience for its users. 'We're here to double down on the growth and the investment represents a significant step forward in our goal to become the number one youth platform in the whole region. We're also proud to have prestigious investors who provide both investment and strategic support, believing in Unipal's potential as much as we do.' shared Ali Alalawi, Cofounder of Unipal. Hasan Haider, Managing Partner at Plus VC, said: 'Unipal is a game-changer, redefining how the youth enjoy exclusive discounts and interact with different brands. Their growth trajectory and ability to create value for the youth and businesses make them an outstanding investment opportunity. We believe in supporting ventures that drive tangible benefits for their communities.' Abdulla Alkasabi, CEO of RZM Investment, elaborated on their decision to invest saying 'Unipal has demonstrated remarkable traction in a short period. Their vision aligns with our commitment to investing in innovative solutions that create lasting value.' Adwa Aldakheel, CEO of Falak Investment Hub, said: 'Unipal is more than a discount platform; it's a partner for brands aiming to connect with influential youth, and a supporter of enhancing the daily lives of the youth. This investment reflects our commitment to empowering impactful startups that deliver tangible solutions.' Rawan AlRasheed, Head of Impact Lab at Al Jazira Capital, shared her thoughts: 'We believe Unipal will play a crucial role in advancing financial accessibility for the youth while contributing to the growth of the fintech ecosystem. Our investment reflects our commitment to supporting startups that drive meaningful financial solutions, foster financial inclusion and empower future generations'. This comes as part of Unipal's participation in Bahrain's pavilion, organized and supported by the Labour Fund (Tamkeen), at the annual LEAP Technology Conference, in Riyadh, the Kingdom of Saudi Arabia. About Unipal: Starting in Bahrain in 2020, Unipal today is the gateway to the youth community. With over 250,000 users and 700 local partners across Bahrain and Riyadh as well as 100,000+ global offers, it's positioned itself as the leading youth platform. Unipal covers all categories, from F&B to cinema to healthcare & many more. It has become the core connection between brands and the youth. Unipal's innovative App, incorporates multiple algorithms to create a personalized 'Netflix-like' experience for its users. Unipal is available on the iOS and Google Play stores. For more information on Unipal, please contact: Name: Hessa Aldoseri Title: Marketing Lead Email:
