UAE-based asset management firm FinaMaze is set to enter Saudi Arabia’s financial market under the Fintech Saudi Regulatory Accelerator Program, a statement from the company said.
FinaMaze, based in the Abu Dhabi Global Market (ADGM), will be part of Fintech Saudi’s ecosystem.
“In Saudi Arabia, we will develop our strategic presence under the guidance of the selective fintech Fintech Saudi and the Capital Market Authority,” said Mehdi Fichtali, CEO and Founder of FinaMaze concerning the asset management firm’s latest milestone.
Fintech Saudi also seeks to achieve its aim of transforming Saudi into a thriving fintech hub by supporting the development of the infrastructure required for the growth of the fintech industry, building capability and talent required by fintech companies, and supporting fintech entrepreneurs at every stage of their development.
FinaMaze has carved a niche for itself as a disruptor that uses innovative solutions in providing smartfolios that benefit investors.
The Kingdom’s fintech market is expected to reach transaction values of more than $33 billion by 2026 and the market is expected to grow annually by 15 percent.
