Best Financial Services Companies in Saudi Arabia
The 116 best Financial Services companies in Saudi Arabia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Saudi Investment Bank.
Financial Services in Saudi Arabia is moving fast, and this directory ranks 116 tracked companies by disclosed equity funding and recent funding momentum to help you find where the capital is actually flowing. Total disclosed funding across the cohort sits at $697M, with Saudi Investment Bank commanding the lion's share at $666M, leaving names like Rasan ($24M) and Sindbad Tech ($5M) to carve out space further down the stack. No unicorns yet, but the sector's trajectory toward a forecast ~$88.7B market by 2030 at a 9.9% CAGR keeps that conversation very much alive. Regulatory compliance is the friction point everyone's watching, and I'd argue it's reshaping which players can scale fastest.
So what's the live signal right now? Median app install growth of +23% YoY across 2,216 financial services apps tells you mobile adoption isn't slowing. Coverage heat is clustering around earnings reports and quarterly financials, which means institutional scrutiny is intensifying just as new entrants try to build trust. As 2018 research shows, information systems quality directly shapes financial firm performance under exactly this kind of competitive pressure. Active backers here include the Public Investment Fund, Alkhabeer Capital, and Arcapita, and their continued presence signals the Saudi market isn't consolidating quietly. It's consolidating loudly.
Ranked: Best Financial Services companies in Saudi Arabia
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | App-install YoY | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Saudi Investment Bank Financial services provider | $666M | 114 mo ago | Public | Faisal Al-Omran CEO | 1976 | +17% | — |
| 2 | Rasan Developer of digital platforms providing insurance aggregation, leasing insurance, and auto auction services | $24M | 55 mo ago | Public | Moayad Alfallaj Co-Founder & CEO | 2015 | — | — |
| 3 | Sindbad Tech Provider of automated stock trading via algorithms and cloud robotics | $5M | 8 mo ago | Seed | Mohammed Agbawi Co-Founder & CEO | 2013 | — | — |
| 4 | Rakeez Provider of financial services and investment opportunities through sukuk issuance solutions | $2M | 27 mo ago | Seed | Saeed AlAhmari Founder & CEO | 2022 | — | — |
| 5 | Saudi Reinsurance Provider of third party administration services | — | 17 mo ago | Public | Fahad Al-Hesni CEO | 2008 | — | — |
| 6 | APICORP Provider of investment management services | — | 56 mo ago | Funding Raised | Khalid AlRuwaigh CEO | 1975 | — | 1 job opening · 2 awards |
| 7 | Savola Group Diversified investment management firm | — | 83 mo ago | Public | Waleed Fatani Co-CEO | 1979 | — | — |
| 8 | Banque Saudi Fransi Commercial bank | — | 105 mo ago | Public | Rayan Mohammed Fayez CEO & MD | 1977 | — | — |
Top 8 Financial Services companies in Saudi Arabia
#1
Seed · Riyadh, Riyadh Province · founded 2013$4.8Mraised▾
Provider of automated stock trading via algorithms and cloud robotics. The company offers automated stock management through buying and selling within investment portfolios. It uses data analysis and learning to inform trading strategies. The platform provides tools designed to protect assets from market downturns.
- Sep 2025Seed$4.8M
#2
Public · Riyadh, Riyadh Province · founded 1976 · 1600 employees$666.4Mraised▾
The Saudi Investment Bank is a financial service provider. It offers traditional wholesale, retail banking, investment banking, asset management, leasing, mortgages, insurance, credit cards and commercial banking products to individuals and corporate clients. In 2017, the company recorded the total revenues of $25.01M and a net income of $0.38M.
#3
Seed · Riyadh, Riyadh Province · founded 2022$2Mraised▾
Rakeez Capital is a Saudi-based financial technology company that specializes in providing debt instruments and sukuk issuance solutions. They recently closed a $2 million Seed investment round led by Core Vision, aiming to support financial technology services in Saudi Arabia. With a focus on automated Sukuk issuance platforms, Rakeez Capital is a key player in the fintech industry in the region.
- Mar 2024Seed$2M
#4
Public · Riyadh, Riyadh Province · founded 2015 · 209 employees$24Mraised▾
Developer of digital platforms providing insurance aggregation, leasing insurance, and auto auction services. It offers an online insurance aggregator, a B2B leasing insurance platform, and an online auto auction platform for salvage and repossessed vehicles. Additionally, it provides car repair services through a network of workshops and data analytics solutions for insurance companies, enhancing portfolio performance monitoring and pricing.
- Nov 2021Series B$24M
#5
Public · Riyadh, Riyadh Province · founded 2008 · 25 employees—raised▾
Provider of third party administration services
- Jan 2025Post IPO—
#6
Funding Raised · Dammam, Eastern Province · founded 1975—raised▾
Provider of investment management services
#7
Public · Jeddah, Makkah Province · founded 1979 · 29759 employees—raised▾
Diversified investment management firm
#8
Public · Riyadh, Riyadh Province · founded 1977 · 3000 employees—raised▾
Commercial bank
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Financial Services coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.