Tarabut Opens Riyadh HQ To Drive Saudi Open Banking

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.

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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.