Tasheel sets up fintech payroll processing firm in Saudi Arabia

15/06/2025 Argaam
Logo ofUnited International Holding Co.

Logo of United International Holding Co.

United International Holding Co. (Tasheel) finalized the establishment of a new company, named Now Access, with SAR 10 million capital and a total investment of SAR 75 million. The new entity is specialized in providing payroll administration and processing services through fintech in the Kingdom.

 

The ownership structure will be 75% for United International and 25% for NowPay Corp, it said in a statement to Tadawul.

 

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The company expects the relevant financial impact to reflect on the company’s results for the third quarter of 2025.

 

According to Argaam’s data, the company signed, on Jan. 2, a non-binding memorandum of understanding (MoU) with NowPay Corp., a fintech company, to establish a specialized company for payroll administration and processing services in Saudi Arabia. The MoU includes injecting SAR 75 million initial investment after obtaining the required regulatory approvals.

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