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    Home » Saudi Arabia’s Abikhdmh closes $800,000 Seed round
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    Saudi Arabia’s Abikhdmh closes $800,000 Seed round

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    The “Abikhdmh” app has successfully raised a SAR3 million Seed funding round, backed by a group of undisclosed investors. This funding aims to enhance the app’s ability to deliver innovative e-transaction services and expand into new areas that meet the growing needs of its users.

    Founded by brothers Abdulmohsen and Mohammed Al-Mufadli, “Abikhdmh” seeks to establish an integrated system offering cutting-edge technological solutions. The app plans to utilise the new funding to develop its platform further and expand its services to include:

    • Flight bookings.
    • Business services.
    • Recruitment solutions.

    The e-services sector in Saudi Arabia is witnessing remarkable growth, driven by an increasing reliance on digital solutions for completing both government and private transactions. This growth supports the Kingdom’s Vision 2030, which aims to build a robust technological infrastructure that facilitates digital transformation.

    Abdulmohsen Al-Mufadli, co-founder and CEO of “Abikhdmh,” stated:“Our goal is to build an integrated and secure e-services system that empowers users to complete their transactions efficiently and seamlessly. The new funding strengthens our ability to develop digital solutions that cater to the evolving needs of society.”

    This investment round comes at a time when the Saudi market is witnessing increasing interest in tech-driven services. The funding reflects growing confidence in local apps that offer innovative solutions, addressing user needs while contributing to the Kingdom’s digital economy.

    The investments are expected to enhance the user experience and deliver high-quality services, positioning “Abikhdmh” as a leading tech application in Saudi Arabia.

    Dubai Dubai news local media Middle east news News UAE UAE media UAE News UAE News today UAE newspaper
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    Qatar Insurance (QIC) Strengthens Financial Performance With 14% Growth In Insurance Revenue To QR 7.4 Billion And Net Profit Of QR 562 Million In The First Nine Months Of 2026

    Sub-head: Gross Written Premium grew 9% to QR 8.5 billion and investment income rose 5.6% to QR 749 million, including a one-off gain on the sale of 13.75% of the QIC’s shareholding in Beema, with investment income broadly stable excluding the gain. Net profit was broadly in line with the prior-year period, with the year-on-year percentage decline narrowing through the third quarter, while the insurance service result reflected conflict-related claims and reserving. QIC’s capital and…

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