Riyadh – January 2026
Falak Business & Investment concluded the Amad Tech program in partnership with Bank Alinma, marked by a closing ceremony and Demo Day held at Al-Garage in Riyadh, attended by representatives from the innovation, entrepreneurship, and financial sectors.
The program was launched as part of a joint collaboration aimed at supporting financial innovation, empowering entrepreneurs, and aligning technology-driven solutions with market needs—contributing to the digital transformation of the financial sector and supporting the objectives of Saudi Vision 2030.
Throughout the program, participants worked on developing their business models through hands-on content, specialized workshops, and mentorship sessions with industry experts, enhancing their readiness for growth and scalability.
The program also included a dedicated training camp for 14 registered intellectual properties, focused on transforming innovations into commercially viable, market-ready technology solutions.
The first cycle of Amad Tech delivered tangible outcomes, with total sales exceeding SAR 3.07 million and SAR 3.1 million raised in funding. Participating startups also achieved growth exceeding 300%, a client base increase of over 756%, and a Saudization rate surpassing 67%.
The conclusion of the Amad Tech program marks a transition point for participating startups, as Falak, in partnership with Bank Alinma, continues to support founders through an integrated ecosystem aimed at enabling innovation and accelerating the growth of FinTech companies in the Kingdom.