Tarabut Raises US$50 Million to Fund SME Lending in Saudi Arabia
Tarabut, based in Bahrain, has raised US$50 million (SAR 187 million) from a group of Saudi banks and family business groups. Backers include Riyad Bank, the X-Tech Fund run by SAB Invest, GIB Saudi Arabia and Zamil Group. Kanoo Ventures, part of the Yusuf bin Ahmed Kanoo Group, also joined, alon...