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Tarabut Opens Riyadh HQ To Drive Saudi Open Banking
MENA’s leading regulated financial platform has opened a regional headquarters to support Saudi Arabia’s open banking rollout in line with Vision 2030.
Tarabut, a leading regulated financial technology platform in Saudi Arabia, the UAE and Bahrain, has opened its regional headquarters in Riyadh, underlining its commitment to the Kingdom’s financial transformation agenda.
The new base will anchor Saudi-focused product development and client delivery, cementing Tarabut’s role as the main infrastructure and intelligence layer of this burgeoning financial technology.
The inauguration drew senior figures from partners including SNB, SAB, Alinma, Bank Aljazira and GIB, alongside board members and Tarabut leadership. Their presence showed the company’s close work with local banks and its role in the fintech ecosystem.
“Saudi Arabia has shown that transformation is not a buzzword, it is a blueprint,” said Abdulla Almoayed, founder and CEO of Tarabut. “Establishing our headquarters in Riyadh is a long-term commitment to the Kingdom, and our pledge to build, to serve, and to grow alongside our regulator, partners, shareholders, and team.” He credited the Saudi Central Bank and Tarabut’s Saudi talent for supporting the rollout of the fintech transformation.
Also Read: A Guide To Digital Payment Methods In The Middle East
With a permanent base in Riyadh, Tarabut will accelerate open banking and embedded finance use cases at a pivotal moment in the Kingdom’s rollout. The platform has already achieved full connectivity with all major Saudi banks and signed partnerships with SNB, Alinma and SAB. The company says its infrastructure will help financial institutions and fintechs tackle challenges in financing, credit decisioning and customer experience, while aligning with Vision 2030 goals.
The Riyadh HQ will also serve as a collaboration hub for regulators, banks and fintechs. By embedding itself locally, Tarabut aims to strengthen trust in the market and drive adoption at scale.
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For etisalat, More Bandwidth Is A Matter Of Digital Sovereignty
The etisalat group plans to expand its international capacity from 20 Tbps to more than 500 Tbps by 2030, with new routes designed for speed and resilience.
By 2030, etisalat group plans to lift its international connectivity capacity to more than 500 terabits per second (Tbps), more than 25 times the 20 Tbps it has today. The group presented the expansion as preparation for rising AI demand and an important move for the UAE’s digital sovereignty.
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, witnessed the launch of the project, which covers the UAE and international markets. Sheikh Mansour is also Chairman of the Emirates Investment Authority, etisalat group’s main shareholder.
He emphasized the role of coordinated national efforts in advancing the UAE’s AI and digital economy ambitions. “AI is a central pillar in our development journey moving forward,” he said, adding that developing the country’s digital capabilities would empower every institution, public and private, to build and innovate with AI “at the scale the coming decade will demand”.
“This project reflects our conviction that the UAE should not simply adopt AI, but govern it and build with it,” said H.E Jassem Mohamed Bu Ataba Alzaabi, Chairman of etisalat group. “That requires digital infrastructure at a scale that would prepare us for the future”. He cast greater international connectivity as a strategic answer to the challenges of processing and moving data globally.
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Beyond raw bandwidth, the expansion will introduce new connectivity routes intended to improve reliability and efficiency, and Alzaabi tied them directly to the sovereignty goal. “Delivered through diversified routes and low-latency design, the project is set to keep the country’s connection to the global digital economy fast, direct and resilient, while ensuring the UAE’s digital sovereignty,” he said.
He also linked the plan to the group’s 50-year commitment to building infrastructure for the nation. The announcement didn’t mention what the expansion will cost. Nor did it name the new routes or say who will build them, the details that would show what digital sovereignty means in practice.
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