Saudi Electronic Info Exchange Company (TABADUL), the leading provider of innovative digital and intelligent financial services for the business and logistics industries, announced the signing of a Memorandum of Understanding (MoU) with the Fintech Saudi initiative in Riyadh. The MoU will strengthen cooperation between the two parties to launch joint projects to support the fintech industry in line with the Saudi Vision 2030.
The MoU was signed by Feher Alshareif, Chief Strategy & Innovation Officer of Tabadul, and Nezar Alhaidar, Fintech Hub Manager at Fintech Saudi. The MoU aims to support fintech startups, expand their logistics capabilities, and introduce initiatives to promote the fintech industry in the Kingdom.
Feher Alshareif, Chief Strategy & Innovation Officer at Tabadul, said, “This MoU strengthens Tabadul’s position and helps increase the adoption of our fintech solutions for the logistics sector through various fintech channels in collaboration with our strategic partners at Fintech Saudi. This also supports our goal of becoming the leading integrated digital logistics solutions provider in the Kingdom and one of the leading digital logistics providers globally.”
According to the MOU, the two parties will work together to build and develop a suitable fintech ecosystem and raise industry awareness. The two parties will launch joint projects and initiatives and create new opportunities for entrepreneurs to build their businesses and products. They will also expand their cooperation, share expertise to achieve common goals, and establish a clear framework for their collaboration.
It is worth noting that the MoU with Fintech Saudi will help achieve Tabadul’s ambitious goals of investing in digital solutions and applications in various fields, including e-commerce while promoting integration and electronic information exchange among relevant entities.
The MoU also serves Fintech Saudi’s strategic goal of transforming the Kingdom into an innovative fintech hub with a thriving and responsible fintech ecosystem.