{"id":31058,"date":"2024-08-17T13:02:33","date_gmt":"2024-08-17T10:02:33","guid":{"rendered":"https:\/\/entarabi.com\/?p=31058"},"modified":"2024-08-17T13:05:58","modified_gmt":"2024-08-17T10:05:58","slug":"al-rajhi-bank-acquires-65-stake-in-saudi-fintech-company-darahem","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/08\/al-rajhi-bank-acquires-65-stake-in-saudi-fintech-company-darahem\/","title":{"rendered":"Al Rajhi Bank Acquires 65% Stake in Saudi Fintech Company Darahem"},"content":{"rendered":"\n<p>Al Rajhi Bank announced its financial results for the second quarter of 2024, revealing that it acquired a 65% stake in &#8220;Darahem,&#8221; a Saudi fintech company. The acquisition took place in June 2024, without disclosing the value of the deal.<\/p>\n\n\n\n<p>Founded in 2021, Darahem quickly gained recognition through its participation in Y Combinator&#8217;s Summer 2022 program and the Sanabil 500 MENA Seed Accelerator. The company also obtained licenses for open banking services and robo-advisory from the Saudi Central Bank, solidifying its position as a key player in the Kingdom&#8217;s fintech market.<\/p>\n\n\n\n<p>This acquisition is a strategic move for Al Rajhi Bank, aiming to expand its digital services and strengthen its presence in the growing fintech sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Al Rajhi Bank announced its financial results for the second quarter of 2024, revealing that it acquired a 65% stake in &#8220;Darahem,&#8221; a Saudi fintech company. The acquisition took place in June 2024, without disclosing the value of the deal. Founded in 2021, Darahem quickly gained recognition through its participation in Y Combinator&#8217;s Summer 2022 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":31052,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[5456,5457],"class_list":["post-31058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-al-rajhi-bank","tag-darahem"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/31058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=31058"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/31058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/31052"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=31058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=31058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=31058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}