- Thabet Investment and Singapore-based Five Keys Investment have launched Everbridge Capital, a Riyadh-headquartered fintech company.
- The company was established with a capital of SAR 375 million to provide innovative financing solutions for SMEs.
- The initiative aims to bridge a funding gap exceeding SAR 300 billion and increase SME financing to 20% by 2030.
Thabet Investment has announced a partnership with Singapore-based Five Keys Investment to launch Everbridge Capital, a Saudi fintech company headquartered in Riyadh.
The new company was established with a capital of SAR 375 million, aiming to provide advanced financing solutions for small and medium-sized enterprises (SMEs) and to help bridge the funding gap exceeding SAR 300 billion in the local market.
The launch of Everbridge Capital aligns with the Financial Sector Development Program under Saudi Vision 2030, which seeks to increase SME financing from 9.4% to 20% by 2030.
Commenting on the launch, Dr. Abdulelah bin Ahmed Saleh, the newly appointed CEO of the company, said:
“It is an honor to lead the company at such a pivotal stage in the Kingdom’s economic transformation. Our mission is clear: to be the bridge that enables SMEs to achieve growth and prosperity, turning the funding gap challenge into a real opportunity, and contributing to raising SME financing to 20% in line with the goals of the Financial Sector Development Program.”
Everbridge Capital is expected to play a key role in supporting the national financial ecosystem through flexible financing products that foster local economic growth and empower entrepreneurs across sectors.
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