Riyadh Emerges as Global Hub for Purpose-Driven Investment

Riyadh Emerges as Global Hub for Purpose-Driven Investment
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Riyadh Emerges as Global Hub for Purpose-Driven Investment
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Riyadh Emerges as Global Hub for Purpose-Driven Investment
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Updated 02 October 2025
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Riyadh Emerges as Global Hub for Purpose-Driven Investment

Riyadh Emerges as Global Hub for Purpose-Driven Investment

Saudi Arabia’s capital is emerging as a global reference point for responsible wealth stewardship. Today, visionary investors Genia Xasis, chief executive officer and partner, and Christopher Aw, chief investment officer and partner, announced the launch of Berkana — a Riyadh-based investment alliance designed to redefine how capital is deployed, not just for returns but for generational impact.

Structured as a circle of influential families and financial leaders from Saudi Arabia, the Gulf, Dubai and London, Berkana aligns with the ambitions of Vision 2030, catalyzing three key shifts:

  • From passive ownership to informed stewardship.
  • From charitable giving to measurable impact.
  • From opportunistic deals to purpose-led capital strategies.

As part of its strategic roadmap, Berkana has identified five priority sectors aligned with its mission and Saudi Arabia’s national transformation goals:

  • Affordable housing: Addressing access to quality living and urban growth
  • Climate technology: Innovations in renewable energy, carbon reduction and sustainability
  • Water supply and preservation: Technologies and infrastructure ensuring water security
  • Food and Agriculture Technology: Scalable innovation driving transformation across industries
  • Healthcare and life sciences: Solutions improving access, efficiency and longevity

“Riyadh embodies the spirit of leadership that inspires action. It is a place where men and women are equally encouraged to lead, innovate and invest with vision. For me, this city is more than a home — it is a compass. Berkana reflects the confidence, openness and ambition that Riyadh is now projecting onto the world.” said Genia Xasis, Berkana’s co-founder.

Christopher Aw, Berkana’s chief investment officer and partner, said: “This is not only about capital; it is about responsibility. Berkana’s framework is a reference point for how investment can shape economies and societies for generations to come.”

Berkana will launch through a series of private roundtables and strategic briefings in Riyadh, Dubai and London, with select opportunities for media engagement. The initiative is already in discussions with regional family offices, sovereign platforms and institutional investors to embed its model across key financial ecosystems.


ALJ Finance and Ant join forces to grow Saudi MSMEs

ALJ Finance and Ant join forces to grow Saudi MSMEs
Updated 11 November 2025
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ALJ Finance and Ant join forces to grow Saudi MSMEs

ALJ Finance and Ant join forces to grow Saudi MSMEs

Abdul Latif Jameel Finance, a leader in innovative financing solutions and services that is regulated by the Saudi Central Bank, and Ant International, a global digital payment, digitization and financial technology provider, have signed an MoU to jointly explore opportunities in the financial technology sector in Saudi Arabia. Through this collaboration, ALJ Finance and Ant International will help grow and strengthen micro, small and medium enterprises in the Kingdom with advanced digital services.

Both parties plan to collaborate on a diversified range of innovative digital financial services to Saudi businesses and consumers. These include:

  • Exploring how WorldFirst, Ant International’s all-in-one digital cross-border payment and treasury account service, can leverage its technology to support ALJ Finance’s digitization strategy for its diverse financial and consumer businesses.
  • Collaborating on advanced cross-border payment solutions, leveraging Alipay+, Ant International’s global mobile wallet gateway, to support local and international expansion of customers in ALJ Finance’s robust merchant network in Saudi Arabia.
  • Further partnering on opportunities in embedded finance, while leveraging Ant International’s digital technologies.

Dr. Khalid Alsharif, CEO of ALJ Finance, said: “Our collaboration with Ant International represents an important step toward realizing our vision of enabling innovative and more inclusive financial solutions in Saudi Arabia. As the fintech ecosystem continues to evolve, we remain committed to contributing to the advancement of the financial sector, in line with Vision 2030.”

Leiming Chen, senior vice president and chief sustainability officer of Ant International, said: “The MoU is another important step in Ant International’s journey to build cross-sector partnerships with regional industry leaders in supporting Saudi Arabia’s digital economy agenda.”

“WorldFirst and Ant International are honored to support the mission of Abdul Latif Jameel Finance to provide diversified financial and digital services for MSMEs in the Middle East, ” said Clara Shi, CEO of WorldFirst. “Joining our innovative fintech capabilities with Abdul Latif Jameel Finance’s expertise and ecosystem, we look forward to contributing to regional trade and commerce as Saudi Arabia embraces an exciting digital transformation.”

With headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International provides global wallet gateway, global merchant payment services, unified global account services, and embedded finance services through its major brands Alipay+, Antom, WorldFirst, and Bettr. In 2025, Ant International opened its first Middle East office in Riyadh and will integrate Alipay+ with Saudi Arabia’s national payment scheme, mada, in 2026.

The MoU aims to better serve Saudi Arabia’s retail and MSME customers, leveraging a combination of ALJ Finance’s reach in the Kingdom and Ant International’s digital technologies.