Tali Ventures Invests in Tarmeez Capital to Support Sukuk Market Growth
The investment marks Tarmeez Capital's transition from a self-funded business to one backed by a major national investor and supports stc group's broader strategy to invest in digital platforms contributing to the Kingdom's financial infrastructure.
Tarmeez Capital, licensed by the Capital Market Authority (CMA), offers digital financing solutions across multiple sectors. Its Sharia-compliant sukuk products are available to both institutional and retail investors.
The company has facilitated financing programmes exceeding SAR 2 billion and serves more than 180,000 users.
Over the past year, sukuk issuances grew by 459%, supported by the firm's proprietary technology, which enables faster issuance processes compared to traditional channels.
The investment follows significant growth in Saudi Arabia's corporate debt market, which reached SAR 140 billion in 2024.
Digital platforms licensed by the CMA accounted for SAR 3.5 billion in issuances, a 127.36% increase year-on-year, with the total number of issuances rising 317.62% to 4,527.
Majed Al Jarboua, General Manager of Corporate Fund and Entrepreneurship at stc group, stated:
'Tarmeez Capital is gaining ground in a sector that's becoming central to how companies access capital in Saudi Arabia. stc group is proud to back a homegrown fintech pushing the boundaries of digital finance. This investment marks a strategic step in scaling the next generation of financial infrastructure.'
Nasser Al-Saadoun, Founder and CEO of Tarmeez Capital, commented:
'We're glad to partner with stc group, whose vision aligns with ours in advancing innovative, Sharia-compliant financial solutions. We're also grateful to the Capital Market Authority for fostering an environment where fintechs can thrive, and to our exceptional team for their continued dedication and drive.'
Tarmeez Capital has facilitated financing in sectors such as industrial services and real estate.
Red Sea International secured Sharia-compliant capital through the platform to fulfil contracts with Baker Hughes and Red Sea Global.
The funding supported prefabricated infrastructure deployment in the Eastern Region.
In the housing sector, RASF Real Estate Development is using sukuk financing for the Deem project in Al Khobar, a townhouse development targeting the Kingdom's growing middle class.
Tarmeez Capital's platform also provides retail access to sukuk, contributing to broader financial inclusion and aligning with demand for ethical and ESG-compliant investment products, particularly among younger and underserved investor groups.
The development supports the objectives of Vision 2030 to expand access to capital markets and promote sustainable economic growth.
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