a day ago
Tasheel sets up fintech payroll processing firm in Saudi Arabia
United International Holding Co. finalized the establishment of a new company (Now Access), which is specialized in providing payroll administration and processing services through Fintech in the Kingdom, with SAR 10 million capital and a total investment of SAR 75 million.
The ownership structure will be 75% for United International and 25% for NowPay Corp, it said, in a statement to Tadawul.
The company expects the related financial impact to reflect on financial results for the third quarter of 2025.
According to Argaam 's data, the company signed, on Jan. 2, a non-binding memorandum of understanding (MoU) with NowPay Corp., a fintech company, to establish a specialized company for payroll administration and processing services in Saudi Arabia, with SAR 75 million initial investment.
