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Company News, Business

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Kadi Pay okayed for BNPL solutions

SAMA permitted Kadi Pay to offer BNPL solutions.
By Hilal Mir
October 19, 2023 9:38 pm
  • With Kadi Pay, six authorized companies are now offering BNPL solutions in Saudi Arabia, bringing the total number of licensed/ permitted finance companies to 56.
  • The BNPL solutions provide finance to customers wishing to buy products and services without incurring financing costs.

Riyadh, Saudi Arabia — The Saudi Central Bank (SAMA) has permitted Kadi Pay to provide Buy Now Pay Later (BNPL) solutions.

With Kadi Pay, six authorized companies are now offering BNPL solutions in Saudi Arabia, bringing the total number of licensed/ permitted finance companies to 56.

The BNPL solutions provide finance to customers wishing to buy products and services without incurring financing costs.

This decision reflects SAMA’s endeavor to support BNPL, finance and FinTech sectors by enhancing operational efficiency and innovative financial solutions to promote financial inclusion in Saudi Arabia, SPA reported.

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