Saudi FlyAkeed secures $25.15 million to scale enterprise travel platform

Saudi Arabia-based corporate traveltech platform FlyAkeed has secured SAR 94.3 million ($25.15 million) in growth funding, combining an equity investment and Murabaha sukuk financing. The equity investment was led by Sanabil Investments, a PIF-owned investment company, with participation from Artal Capital, stc Group’s corporate venture capital fund tali ventures, and Aljazira Capital, while Artal Capital led the Murabaha sukuk financing. Founded in 2015 by Bassam Almohammadi, FlyAkeed pro