In a move that signals growing confidence in Saudi Arabia’s evolving fintech sector, Tali Ventures, the investment arm of stc Group, has acquired a minority stake in Tarmeez Capital. This partnership marks a significant step forward for Tarmeez as it looks to scale its corporate credit financing operations and deepen its role in the Kingdom’s debt market.
Powering Expansion Through Strategic Backing
Tarmeez Capital, founded in 2022, specializes in debt issuance and investment solutions guided by Islamic Sharia principles. Since its inception, the firm has facilitated SAR 2.3 billion in financing and is licensed by the Capital Market Authority (CMA). It offers sukuk-based investment opportunities, playing a key role in developing Saudi Arabia’s fixed-income landscape.
The investment from Tali Ventures gives Tarmeez the financial momentum to:
- âś… Expand into corporate credit financing
- âś… Broaden its range of Islamic finance products
- ✅ Grow its footprint within Saudi Arabia’s capital markets
Asset Management License and Future IPO Plans
According to Nasser Alsaadoun, CEO of Tarmeez Capital, the firm expects to secure an asset management license later this year. This will enable the company to not only issue but also manage credit financing solutions tailored for private businesses.
In a forward-looking statement, Alsaadoun also revealed that an IPO may be considered within the next three years, signaling long-term ambition and confidence in the company’s growth trajectory.
Aligned with stc’s Digital Innovation Agenda
The move aligns with Tali Ventures’ mission to invest in tech-driven ventures that complement stc Group’s digital transformation goals. Previous investments by Tali Ventures include:
-  Nile – a startup specializing in networking infrastructure
-  Rawaa – a platform focused on inventory management
-  Nearpay – a rising player in digital payments
With Tarmeez now in the mix, Tali Ventures continues to strengthen its fintech portfolio, reinforcing its support for emerging technologies that drive financial inclusion and innovation.
Supporting Vision 2030 Goals
This partnership goes beyond capital. It contributes to Saudi Arabia’s Vision 2030 by supporting:
- âś… Diversification of financial services
- âś… Development of non-oil sectors
- âś… Deeper integration of fintech in capital markets
By combining Tarmeez’s expertise in Islamic debt products with Tali Ventures’ strategic backing, the collaboration is aiming to reshape how credit financing evolves in the Kingdom.