Saudi fintech unicorn Tamara has secured a sharia-compliant asset-backed facility of up to $2.4bn, marking one of the largest financing deals of its kind in the Middle East. The agreement is backed by Goldman Sachs, Citi, and Apollo funds.
Tamara plans to use the funding to expand its credit and payment products, broadening its customer offering and driving regional growth.
The deal underscores the growing role of asset-backed financing in the region’s fintech sector and highlights investor confidence in the company’s long-term strategy.
Gulf Economist Staff Writer