Shaker signs non-binding MoU for proposed investment in Cashew KSA

Logo of Al Hassan Ghazi Ibrahim Shaker Co.

Al Hassan Ghazi Ibrahim Shaker Co. signed, on June 19, a non-binding memorandum of understanding (MoU) with Cashew Payments Holding Ltd. for a possible investment by Shaker in Cashew KSA.

The possible investment in Cashew KSA aims to launch its operations in the Kingdom, as well as support it to gain and grow its market share as a leading “buy now pay later” (BNPL) provider in the country.

Upon final agreement, Shaker will own up to 40% of Cashew KSA. On the other hand, Cashew Payments Holding will own no less than 60%.