- Tamara has secured the region’s largest asset-backed debt facility worth $2.4 billion, backed by Goldman Sachs, Citi, and Apollo funds.
- The deal includes an initial $1.4 billion tranche, with an additional $1 billion available over the next three years.
- This financing will support the company’s expansion into credit products and new payment solutions, while strengthening Saudi Arabia’s position as a regional financial hub.
Tamara, Saudi Arabia’s first fintech unicorn, has announced securing a record $2.4 billion asset-backed debt facility — the largest of its kind in the region — with backing from major global financial institutions including Goldman Sachs, Citi, and Apollo funds. This facility restructures and expands upon the company’s previous $500 million facility arranged by Goldman Sachs.
The announcement was made during the Money20/20 Middle East conference in Saudi Arabia, with the deal comprising an initial $1.4 billion tranche and an additional $1 billion available over the next three years, subject to required approvals. The financing is set to support Tamara’s vision to expand its credit products and launch innovative payment solutions.
This milestone is fully aligned with the pillars of Saudi Vision 2030 and the Financial Sector Development Program, enabling financial institutions to drive private sector growth, develop capital markets, and reinforce the Kingdom’s role as a leading regional hub for global fintech investment.
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