Saudi Arabia-based Tawaref has bought Amaana.ai, a Saudi company facilitating business entry into Saudi Arabia, to improve its Ai-driven solutions. Amaana.ai was acquired at an undisclosed value.
Founded in 2020 by Saeed Al Ansari, Tawaref is a tech investment community that finances top regional startups and offers entrepreneurial services.
Amaana.ai, based in Riyadh, provides AI solutions to automate the market entry process to Saudi Arabia.
According to a press release from both parties, this acquisition strengthens Tawaref’s ability to deliver innovative financial and technological solutions, expanding the value proposition for companies seeking to grow and thrive in the Saudi market.
The statement partly reads, “Tawaref, a Saudi-based investment community providing startup services across the MENA, is proud to announce the acquisition of Amaana.ai, a cutting-edge artificial intelligence solutions provider.
“This strategic acquisition will enhance Tawaref’s capabilities in offering comprehensive, AI-driven solutions to its growing portfolio of startups and investors.
“Amaana.ai, recognised for its streamlined services facilitating business entry into Saudi Arabia, brings deep expertise in automating essential processes like licencing and banking setup.
“This acquisition strengthens Tawaref’s ability to deliver innovative financial and technological solutions, expanding the value proposition for companies seeking to grow and thrive in the dynamic Saudi market.
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“The newly integrated capabilities will focus on collaboration, leveraging AI technologies to enhance services across various industries.”
Saeed Al Ansari, CEO of Tawaref, commented: “The integration of Amaana.ai allows us to elevate our service offerings and reinforce our mission to support startups with advanced, AI-driven solutions.
“By blending our expertise, we’re providing smarter and more efficient solutions that will help our clients navigate the Saudi market with ease.”
Su Le, CEO of Amaana.ai, will transition to Advisor at Tawaref, added: “This acquisition marks a significant milestone, uniting two companies with a shared vision of innovation and market leadership.
“Together, we’re empowering entrepreneurs with the tools they need to accelerate their success in one of the world’s fastest-growing markets.”
Tawaref’s expanded services now include AI-driven business solutions, company formation, legal and accounting services, and government registration through the Saudi Landing Program.
These services, enhanced by Amaana.ai’s capabilities, position Tawaref as a trusted partner for startups and established businesses alike.
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