We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies.

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Saudi JournalSaudi Journal
  • Home
  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Business

Bain & Company releases brief on the future of financial planning

…

Business

“Emirates Leisure Retail” signs first official agreement with “Saddle” to open a franchise at Dubai International (DXB)

…

The Saudi Real Estate refinance Company signs a portfolio acquisition agreement With Arab National Bank

Meet the First-Ever Affiliate Leaders Awards 2025 Shortlist and Cast Your Vote!

Facebook Twitter Instagram Pinterest
Latest posts:
  • Bain & Company releases brief on the future of financial planning
  • “Emirates Leisure Retail” signs first official agreement with “Saddle” to open a franchise at Dubai International (DXB)
  • The Saudi Real Estate refinance Company signs a portfolio acquisition agreement With Arab National Bank
  • Meet the First-Ever Affiliate Leaders Awards 2025 Shortlist and Cast Your Vote!
  • Interview with Rasmus Sojmark, CEO & Founder, SBC
  • Mazad launches all-new seller portal, enabling users to sell products online with ease
  • DEWA’s R&D Centre secures CE product certification for OmniHub IoT terminal
  • ADX welcomes Thndr as its first remote retail trading member
Facebook Twitter Instagram Pinterest
Saudi JournalSaudi Journal
  • Home

    Bain & Company releases brief on the future of financial planning

    “Emirates Leisure Retail” signs first official agreement with “Saddle” to open a franchise at Dubai International (DXB)

    The Saudi Real Estate refinance Company signs a portfolio acquisition agreement With Arab National Bank

    Meet the First-Ever Affiliate Leaders Awards 2025 Shortlist and Cast Your Vote!

    Interview with Rasmus Sojmark, CEO & Founder, SBC

  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Saudi JournalSaudi Journal
Home » The Ministry of Investment of Saudi Arabia (MISA) Signs MoU with Ant International to Expand Business in Saudi Arabia, Supporting Regional Digital Innovation
Business

The Ministry of Investment of Saudi Arabia (MISA) Signs MoU with Ant International to Expand Business in Saudi Arabia, Supporting Regional Digital Innovation

Facebook Twitter Pinterest LinkedIn WhatsApp
Share
Facebook Twitter LinkedIn Pinterest WhatsApp

The Ministry of Investment of Saudi Arabia (MISA) has signed a Memorandum of Understanding (MoU) with Ant International, to facilitate the business expansion into the Kingdom.

Ant International’s President, Douglas Feagin, met with Mr. Eng Saleh Khabti, Deputy Minister of Investment of Saudi Arabia during a signing ceremony held in Riyadh, to welcome the new partnership and sign an agreement outlining shared goals for technological innovation and economic growth opportunities in Saudi Arabia.

Through this partnership, MISA welcomes and supports Ant International’s expansion plan to establish an entity in Saudi Arabia, enabling assistance when acquiring licences and certificates to expand and enhance its service offerings.

Ant International will use Saudi Arabia as a key gateway into the Middle East to further expand the reach of its payment and financial services. Local merchants of all sizes will benefit from riding the wave of digitalization to achieve further growth.

Mr. Eng Saleh Khabti, Deputy Minister for Investment at MISA said “we have worked closely with Ant International on its expansion into the Kingdom which will not only benefit thousands of merchants across the country but potentially hundreds of thousands of businesses right across the Middle East. We are seeing tremendous growth in digital payments in Saudi Arabia and we expect this trend to continue with Ant International’s expansion which will further boost the financial services sector in the Kingdom.”

Douglas Feagin, President of Ant International, said “we see an enormous opportunity for expansion in the Middle East and in particular Saudi Arabia, which has been supportive of technological innovations and digitalization, empowering its businesses to thrive.”

“Through our agreement with MISA, Ant International enters an exciting new chapter of opportunity within Saudi Arabia. We’re delighted to build upon our progress in the Middle East to support merchants’ access to our world class payment solutions and inclusive financial services, providing Saudi businesses with various tools to grow and benefit from international travel and trade.”

Ant International’s strategy is comprised of four services for global merchants: (i) Alipay+ cross-border mobile payment and digitalization technology solutions, (ii) Antom merchant payment services, (iii) WorldFirst digital payment and financial services for cross-border trade, and (iv) ANEXT Bank, a digital wholesale bank regulated by the Monetary Authority of Singapore, and other embedded financial services.

Share. Facebook Twitter Pinterest LinkedIn WhatsApp

Related Posts

Business

Bain & Company releases brief on the future of financial planning

Business

“Emirates Leisure Retail” signs first official agreement with “Saddle” to open a franchise at Dubai International (DXB)

Business

The Saudi Real Estate refinance Company signs a portfolio acquisition agreement With Arab National Bank

Business

Meet the First-Ever Affiliate Leaders Awards 2025 Shortlist and Cast Your Vote!

Business

Interview with Rasmus Sojmark, CEO & Founder, SBC

Business

Mazad launches all-new seller portal, enabling users to sell products online with ease

Business

DEWA’s R&D Centre secures CE product certification for OmniHub IoT terminal

Business

ADX welcomes Thndr as its first remote retail trading member

Stay In Touch
  • Facebook
  • Twitter
Business

Bain & Company releases brief on the future of financial planning

Middle East. Bain & Company has released a brief, The Future of Financial Planning Is…

“Emirates Leisure Retail” signs first official agreement with “Saddle” to open a franchise at Dubai International (DXB)

The Saudi Real Estate refinance Company signs a portfolio acquisition agreement With Arab National Bank

Meet the First-Ever Affiliate Leaders Awards 2025 Shortlist and Cast Your Vote!

Interview with Rasmus Sojmark, CEO & Founder, SBC

Bain & Company releases brief on the future of financial planning

“Emirates Leisure Retail” signs first official agreement with “Saddle” to open a franchise at Dubai International (DXB)

The Saudi Real Estate refinance Company signs a portfolio acquisition agreement With Arab National Bank

Meet the First-Ever Affiliate Leaders Awards 2025 Shortlist and Cast Your Vote!

Interview with Rasmus Sojmark, CEO & Founder, SBC

Stay informed with Saudi Journal, your trusted source for comprehensive coverage of news, events, and insights from Saudi Arabia and beyond. Explore diverse perspectives, stay updated, and engage with the latest stories shaping our world. Experience news like never before with Saudi Journal.

Facebook Twitter
Categories
  • Business (423)
  • Life (124)
  • Saudi Arabia (80)
  • Technology (75)
  • Uncategorized (1)
  • World (56)
    • Africa (11)
    • Asia (25)
    • Europe (5)
    • US (3)
Our Picks
Business

Egyptian Swiss Group for Pasta and Milling explores trade exchange opportunities with official delegation from the DRC

Business

From Global Markets to Next-Gen Tech: SBC Summit 2025 Brings a Revamped Conference Programme to Lisbon

Business

EDGE Group Advances Anti-Drone Cooperation with the Brazilian Navy

© 2025 Saudi Journal.
  • Home
  • Saudi Arabia
  • Business
  • Technology
  • Life
  • English
  • العربية

Type above and press Enter to search. Press Esc to cancel.