Tarabut, MENA’s leading regulated Open Banking platform, has officially inaugurated its regional headquarters in Riyadh, marking a significant long-term commitment to the Kingdom of Saudi Arabia. The new headquarters will serve as a central hub for Saudi-focused product development and client delivery, reinforcing the company’s role as the core technology infrastructure for open banking in the nation. The launch event was attended by distinguished guests from strategic partners including SNB, SAB, Alinma Bank, Bank Aljazira, and GIB.
A Long-Term Commitment to the Kingdom
The establishment of the Riyadh headquarters signals Tarabut’s deep-rooted pledge to support and grow alongside the Kingdom’s financial sector and its ambitious Vision 2030 goals. This move aims to deepen collaboration with regulators and the banking sector, fostering innovation from within Saudi Arabia.
Speaking at the inauguration, Abdulla Almoayed, Founder and CEO of Tarabut, said: “Saudi Arabia has shown that transformation is not a buzzword, it is a blueprint. Establishing our headquarters in Riyadh is a long-term commitment to the Kingdom, and our pledge to build, to serve, and to grow alongside our regulator, partners, shareholders, and team. I would like to thank the Saudi Central Bank, our partners, and our people – in particular, the outstanding Saudi talent at Tarabut – for being part of this journey.”
Accelerating Open Banking Adoption
With a permanent base in Riyadh, Tarabut is positioned to accelerate the adoption of open banking and embedded finance use cases across the Kingdom. The company has already achieved full connectivity to all major Saudi banks and has signed landmark partnerships with leading financial institutions. The new headquarters will build on this foundation, enabling financial institutions and fintechs to address key challenges in areas such as financing, credit decisioning, and customer experience.
About Tarabut
Tarabut is MENA’s leading regulated financial technology platform, with regulations in Saudi Arabia, the UAE, and Bahrain. The company provides secure, compliant API infrastructure that allows financial institutions and digital platforms to deliver seamless and personalized financial experiences, driving financial inclusion throughout the region.
Source: MEA TechWatch
