Saudi Arabia’s Thabet Investment Company has partnered with Singapore-based Five Keys Investment to launch Everbridge Capital, a new USD 100 million (SAR 375 million) fintech company headquartered in Riyadh. The firm aims to address one of Saudi Arabia’s most pressing financial challenges: the SR300 billion SME financing gap.
Building a Bridge for SME Growth
Everbridge Capital has been established to provide innovative and accessible financing solutions for small and medium enterprises (SMEs). The platform seeks to empower businesses that struggle to access traditional financing by offering data-driven, technology-led credit solutions.
According to Dr. Abdulelah bin Ahmed Saleh, CEO of Everbridge Capital and a PhD graduate from King Abdullah University of Science and Technology (KAUST), the company’s mission is straightforward:
“We aim to be the bridge that enables SMEs to cross over to growth and prosperity. Our goal is to transform the SR300 billion financing gap into an opportunity for sustainable expansion.”
Everbridge Capital’s core focus areas include:
- Simplifying credit access for SMEs through digital platforms
- Offering customized financing products based on business performance and potential
- Partnering with banks, fintechs, and regulators to expand credit availability
- Promoting financial inclusion and innovation across the Saudi market
Supporting Vision 2030 and Financial Sector Growth
The launch of Everbridge Capital directly supports the Financial Sector Development Program (FSDP), a key component of Saudi Vision 2030. The FSDP aims to increase the share of SME financing in the Kingdom’s total lending portfolio from 9.4 percent to 20 percent by 2030.
This initiative represents a broader effort to build a diversified and innovation-driven economy. This will foster entrepreneurship and strengthens private sector participation.
Abdulrahman bin Ahmed Saleh, CEO of Thabet Investment, highlighted the strategic importance of this collaboration:
“The launch of Everbridge Capital demonstrates our national commitment to Vision 2030. Partnering with Five Keys allows us to bring world-class financial innovation to Saudi Arabia. Empowering SMEs is not only an economic priority but also a catalyst for long-term growth and job creation.”
Global Collaboration, Local Impact
Everbridge Capital combines Saudi financial expertise with international investment experience from Singapore’s Five Keys. This partnership brings together regional insight and global standards in fintech innovation.
The company will leverage advanced analytics, artificial intelligence, and risk modeling to streamline credit evaluation and expand financing access to previously underserved segments. Its operations will initially focus on Saudi Arabia, with plans to extend into other GCC markets in the future.
By mobilizing capital efficiently and fostering collaboration between investors, regulators, and entrepreneurs, Everbridge Capital aims to redefine SME financing across the Middle East.