vision-2030
(10)
Riyad Bank finances the big picture. And the small stuff.
A child’s payment bracelet and a multibillion-riyal resort loan belong to the same business. Riyad Bank’s bet is that Saudi Arabia needs a bank fluent in both.
The Company That Pumps One of Every Nine Barrels on Earth
It struck oil at a well called Dammam No. 7 in 1938. Nearly a century later, Aramco still moves roughly one of every nine barrels the world burns - and is quietly betting billions that its next act runs on gas, chemicals and code.
Bonat
The Riyadh startup that turns a coffee-shop punch card into a data engine - and just raised $6 million to teach every merchant in the Gulf how to keep a customer.
Master Works
Master Works is a Riyadh-based Saudi technology company that helps public- and private-sector organizations turn data into assets. Founded in 2010, it delivers data management, business intelligence, artificial intelligence, computer vision, cloud and digital-transformation services alongside home-grown software products such as the P+ project-management platform and the Baseer speech-analytics engine. With around 700 employees and offices across the Gulf, Egypt, Jordan and India, it serves more than 140 clients and is positioned as a national data champion for Saudi Arabia's Vision 2030.
Mnzil | منزل
Mnzil is a Riyadh-based proptech company that provides integrated housing, transportation, and catering solutions for Saudi Arabia's blue-collar and migrant workforce. Through a hybrid model of subleasing, purpose-built development, and a C2B marketplace, Mnzil lets companies outsource the housing and movement of their workers, offering furnished, regulated, and serviced accommodation at scale. Founded in 2024, it operates 60+ facilities across 13+ cities, serves 100+ corporate clients including Amazon, Nestlé, and SIXT, and raised an $11.7M Series A led by Founders Fund in November 2025.
Munjz | FM & PM Technology
Munjz is a Riyadh-based proptech company that builds cloud-native facility- and property-management software for the Saudi market. Founded in 2017 as a consumer maintenance marketplace, it pivoted to B2B SaaS in late 2021 and now runs Munjz Connect, an Arabic-first CAFM and PMS platform that unifies work orders, assets, vendors, tenants, and finances for property operators, government bodies, and chains such as McDonald's, Dunkin', and DHL. The company raised a $5 million Series A in 2023 led by regional proptech and real-estate investors.
Nearpay
Nearpay is a Riyadh-based fintech that turns any NFC-equipped smartphone into a payment terminal. Its payment-infrastructure-as-a-service platform gives banks, payment providers and developers a certified SoftPOS (tap-to-phone) SDK plus the full stack behind it - acceptance, compliance, certification, reconciliation and merchant dashboards - so businesses can accept in-person card payments in about 30 minutes without dedicated hardware. Founded in 2020, Nearpay was one of the first companies certified under Visa's tap-to-phone program, processed more than 40 million transactions in 2024, and in 2025 became the first Saudi payments fintech to expand into the United States.
Resal
Resal is a Saudi digital gifting, rewards, and loyalty platform based in Jeddah. Founded in 2016, it connects merchants, businesses, and individuals through a single ecosystem that issues and manages digital gift cards, prepaid cards, loyalty points, and vouchers. Originally launched as a flower-and-gift delivery app, Resal pivoted in 2021 into a full B2B rewards and loyalty infrastructure company, and now serves more than 1.5 million users and over 1,000 organizations, working with 400+ retailers such as Jarir, Amazon, Noon, and Landmark Group across Saudi Arabia, the UAE, Bahrain, and Kuwait.
Wafeq وافِق
Wafeq is a cloud accounting and e-invoicing platform built for small and medium businesses across Saudi Arabia and the UAE. Founded in 2019 by Nadim Alameddine, it gives SMEs and accounting firms ZATCA- and FTA-compliant invoicing, VAT and corporate tax reporting, payroll, inventory, and 40+ financial reports in one Arabic-and-English interface. The platform processes roughly 2 million invoices worth about $400 million every month and serves more than 10,000 customers, with the vast majority of activity in Saudi Arabia.
WheeKeep
WheeKeep is a Jeddah-based tech-enabled storage company that brings the storage unit to the customer. It drops off weatherproof, lockable containers at homes and businesses, lets people pack at their own pace, then collects and stores the units in secured, CCTV-monitored facilities across Saudi Arabia. Combining physical logistics with a mobile app for scheduling, delivery and retrieval, WheeKeep offers ambient and refrigerated units for both personal and commercial use, positioning itself in the growing on-demand self-storage market in the Kingdom.