Technology KSA Edition

equities

Prince Alwaleed acquired 2.3% stake in Snapchat in a deal worth $250mln

The investment was made in May at a cost of $11 a share, making Prince Alwaleed a significant individual shareholder

aviation

GACA taps SITA for tech revamps at Saudi airports

SITA to implement a sweeping transformation of airport, communication technology across 26 airports

technology

York technology helps Saudi theme park cut energy costs

These technologies enabled the theme park to achieve an annual power saving of up to $399,960

technology

Saudi Arabia appoints Apple co-founder Steve Wozniak as tech ambassador

Wozniak is considered as one of the most important minds that have changed the history of the world

digital

Saudi teenager Mosaad Al-Dossary wins $250k prize at FIFA eWorld Cup final

Al-Dossary clinched the prize in the competition held at The O2 in London

equities

Saudi Prince Alwaleed's firm takes $266.7mln stake in Deezer

Prince Alwaleed bin Talal’s Kingdom Holding has completed $266.7mln deal to buy newly issued shares in the French music streaming service Deezer

financial services

Saudi Arabia start-ups raise $3mln funding in Q2 2018

Individual investors were the most active in terms of funding size

technology

Crowd Analyzer eyes expansion in Saudi Arabia

Data intelligence start-up Crowd analyzer is looking to invest $1.1mln loan in its expansion in Saudi Arabia and the Middle East and North Africa

technology

Saudi start-ups raise $3.110mln funding in 2nd quarter of 2018

The funding scene in Saudi Arabia was able to keep pace in the second quarter of 2018, showing strong signs of ecosystem growth in the Saudi market, according to the latest Badir report.

ecommerce

Samsung smartphones now available on Wadi website in Saudi Arabia

Wadi.com will be offering Samsung’s full range of smartphones and its accessories through its websit