"1957 Vetsshers" reveals an investment fund of 800 million Riyals in "FINTEK 24"

The “Fentak 24” conference held in Saudi Arabia was witness to the launch of the 1957 Fund Fund, with a volume of over 800 million rows, the largest of its kind of investment in the emerging financial technology companies in the kingdom. The conference was held in the Riyadh Front Center for Exhibitions and Conferences, with the presentation of the Financial Sector Development Program, the Saudi Central Bank “SAMA”, the Capital Market Authority, the insurance authority, with a joint organization of “Saudi Arabia” and “Alliance” and “Alliance Security, Programming and Druze Security, “Informa International”, and the investment opportunities, and his work continued from Thursday to Thursday. The CEO of “1957 Women’s” Emad Qashqari indicated during one of the conference sessions to the leadership role of Saudi Arabia in the Middle East and North Africa financial technologies, which after the Saudi Arabia’s acquisition of 58% of the daring capital investments in the region for the year 2023. The largest financial technology conferences worldwide this year. The Deputy Governor of the Saudi Central Bank for Control and Technology, Khaled Bin Walid Al -zahir, emphasized the importance of the conference as a dialogue platform between policymakers, sector leaders, international talents and organizers to improve the financial technology system. While Annabel Mander, the first vice president of an Alliance Company, indicated that the number of registered outside the kingdom exceeded 10 thousand participants, while the speakers reached 350, including 252 speakers worldwide, and the conference also offered 500 investors in the VentureScape initiative to make local startups in the kingdom. During the last day of the conference, several agreements were signed, including a collaboration agreement between the Saudi -“FinTek” and the ‘function’ of credit rating with the aim of providing low -cost services to financial services companies, an agreement between Saudi ‘Fintek’ and King Fahd University of Petroleum and Minerals to establish a center to support a third agreement between ‘Ventak’ Saudi Arabia, and a third agreement between ‘Ventak’ Saudi Arabia, the singing, and a third agreement between ‘Ventak’ Saudi Arabia, the Singapore, and a third agreement between ‘Ventak’ Saudi Arabia to support “Ventak” association to support financial technologies in Singapore and the kingdom. The conference sessions were about axes that include the future of financial technologies, banking, development of traditional portfolios to digital banking and the growth of financial technology in the kingdom. ‘Fentak 24’ was also a witness to the Saudi Fental Bank’s announcement to sign an agreement with the company ‘Samsung Pay’ in the Kingdom during the fourth quarter of the year 2024, as part of the ongoing efforts led by the central bank to improve the digital payment system in the kingdom, in accordance with the objectives of the financial sector development program, one of the 2030s Kingdom. It has also been announced that “Tabi Ali” Tuwaiq has been announced for the purpose of expanding the scope of its financial services. It has also been announced that Solutions by STC has joined the “Enabled” program as a partner in providing strategic management services, as the program aims to enable entrepreneurs and startups in the financial technology sector by supporting technology, wool computer science and cyber security.