WAMID Signs Four Strategic MOUs to Advance Innovation and Digital Finance Solutions 

•    Four MoUs signed with regional and international partners in market innovation, reinforcing WAMID’s role in shaping Saudi Arabia’s digital finance ecosystem.

RIYADH – 15 September 2025 – WAMID, the technology and innovation subsidiary of Saudi Tadawul Group (“STG”), has announced the signing of four landmark Memoranda of Understanding (“MoUs”) with leading global and regional partners on the sidelines of Money20/20. The agreements mark a significant step in accelerating digital finance in Saudi Arabia and support the Kingdom’s ambition to build an advanced, technology-driven capital market.
The MoUs were signed with Saudi Alawwal Bank (SAB), Libeara, STV and Zodia Custody, uniting leading expertise across fintech, tokenisation, private markets and digital asset custody. Together, these partnerships will drive the development of next-generation market infrastructure, expand access to capital, and strengthen transparency and investor confidence.

Yazeed Al-Domaiji, Chief Executive Officer of WAMID, “These partnerships reflect the momentum we are building to lead the digital transformation of the Saudi capital market. By collaborating with leading global and regional players, we are laying important foundations in tokenisation, digital assets and fintech that will expand access, enhance transparency, and strengthen investor confidence. Together, these agreements reinforce WAMID’s role as a catalyst for innovation and highlight our commitment to shaping a more dynamic, technology-driven capital market in the Kingdom.”
The agreements were signed with:

•    Saudi Alawwal Bank (SAB) to collaborate on fintech and innovation initiatives, including digital payments, joint pilots, and entrepreneurship support.
•    Libeara to jointly develop Sharia-compliant tokenised instruments, explore tokenisation use cases in securities, and establish frameworks for the issuance and settlement of digital assets.
•    STV to introduce a platform that connects private-company shareholders with qualified investors, enabling secondary transactions and enhancing private-market liquidity.
•    Zodia Custody to advance the development of secure, Sharia-compliant digital asset custody and settlement solutions, by focusing on compliance, security, and investor confidence.

– ENDS –