🌟 A Transformative Investment
- Lead investor: Tali Ventures, under the stc group umbrella, spearheaded the round.
- Financial details: While exact figures remain undisclosed, Tarmeez has facilitated more than SAR 2 billion in Sharia‑compliant financing to date.
- Growth trajectory: Sukuk issuances have posted a staggering 459% increase over the past year.
🔧 Strengthening Saudi Arabia’s Debt Capital Market
Tarmeez Capital—a platform regulated and licensed by the Capital Market Authority (CMA)—has digitized sukuk issuance, drastically reducing turnaround times. Its proprietary tech toolkit enables candidates to issue Sukuk seven times faster than conventional methods.
This streamlined digital model equips businesses—such as Red Sea International and RASF Real Estate Development—with rapid access to ethical, Sharia-compliant financing—essential for project delivery in infrastructure and housing.
🎯 Scaling Up into Private Credit and Asset Management
Beyond its sukuk success, Tarmeez plans to broaden its service offerings:
- Private Credit Fund: The company is preparing to raise up to SAR 1 billion ($267 million) over the next two years to finance private firms.
- Asset Management License: Expected approval by the end of 2025 will allow Tarmeez to originate and manage credit for private companies.
- IPO Ambition: An initial public offering is under consideration within the upcoming three-year window.
🗣️ What Leaders Are Saying
- Majed Al Jarboua, GM of Corporate Fund & Entrepreneurship at stc group, commented: “Tarmeez Capital is gaining ground in a sector central to how companies access capital in Saudi Arabia. stc group is proud to back a homegrown fintech pushing the boundaries of digital finance.”
- Nasser Al‑Saadoun, Founder & CEO of Tarmeez Capital, emphasized: “This investment marks a pivotal milestone… We’re glad to partner with stc group, whose vision aligns with ours in advancing innovative, Sharia‑compliant financial solutions.”
📈 Riding the Wave of Saudi Fintech & Vision 2030
The investment follows a surge in Saudi Arabia’s digital debt capital markets:
- Total corporate debt reached SAR 140 billion in 2024, with digital platform issuances soaring to SAR 3.5 billion—a 127% annual increase.
- Digital issuances numbered 4,527 last year, up 318% from the previous period.
These trends are aligned with Vision 2030’s ambition to deepen capital markets and broaden financial inclusion through digital innovation.
⚡ What This Means for Fintech & Investors
- Democratizing Sukuk: Tarmeez is pioneering retail access to sukuk, blending ethical, Sharia-compliant finance with ESG principles—appealing to younger and underserved investors.
- Tech-driven Efficiency: Fintech platforms like Tarmeez reduce friction, expedite issuance, and democratize capital access across institutional and retail segments.
- Expansion Playbook: As Tarmeez integrates private credit and asset management, it positions itself as a comprehensive digital finance hub.
