Saudi tech leader Abdulaziz Al Salloum buys 10% of UAE's GlobalPay
What's the deal? Saudi businessman and engineer Abdulaziz Al Salloum has acquired a 10% stake in GlobalPayDealroom has a profile for this one. Try Dealroom →, the UAE-based fintech group. The contracts were signed in Egypt in the presence of GlobalPay chief executive officer Amer Shawer and Al Salloum. The deal value was not disclosed.
What each side brings: GlobalPay operates from the UAE as a regional umbrella focused on payments and fintech investments. It runs MasrPayDealroom has a profile for this one. Try Dealroom → in Egypt, which builds digital payment acceptance and management tools for merchants, and GlobalPay KSADealroom has a profile for this one. Try Dealroom → in Saudi Arabia to support a long-term presence in that market.
Al Salloum brings deep experience in technology and digital transformation in Saudi Arabia. He led Duroob TechnologyDealroom has a profile for this one. Try Dealroom → and served as chief executive officer of AppsProDealroom has a profile for this one. Try Dealroom →, which Accenture acquired in 2021.
Why now? GlobalPay framed the move as part of a strategy to strengthen its shareholder base and back regional growth across fintech, digital payments, and integrated technology solutions.
What's the endgame? GlobalPay is building a regional network linking the UAE, Egypt, and Saudi Arabia. "We are connecting what we are building in the UAE and Egypt with what we are planning in Saudi Arabia," Shawer said, adding that each expansion should be "built on real value for the market and customers, not just increasing geographic presence" (translated from Arabic).
The signal: The deal reflects a push to consolidate fragmented Gulf and North African payments markets under a single regional operator, with Saudi expertise steering entry into the kingdom. Al Salloum's track record — including AppsPro's sale to Accenture — signals confidence that GlobalPay's next phase runs through Saudi Arabia.
Read more: entarabi.com
Image credit: pr_ip
