STC Bank has strengthened its presence in the business and digital banking services sector, by signing six new agreements with local and international companies, in conjunction with its participation as a founding partner in the Money20/20 Middle East 2026 conference, which began in Riyadh on Monday.
During the first day of the conference, the bank signed agreements with Hala, Moyasar, Huawei, Surpay, Almatar, and Paylink, in a step aimed at expanding its network of partnerships and enhancing the integration of its services and solutions within the financial services and digital technology system.
The agreements come at a time when STC Bank is working to expand its business in the Saudi digital banking market, with an increasing focus on solutions directed at the corporate sector and small and medium enterprises, and providing more flexible financial services linked to digital operations, in line with the rapid transformations in the needs of the business sector.
Through this approach, the bank seeks to enhance its role in serving companies and entrepreneurs, benefiting from the growth witnessed by the digital financial services market in the Kingdom, and the increasing demand for banking solutions that combine speed, flexibility, and technical integration.
STC Bank is also participating in the conference agenda, as Mansour Al-Zahrani, the bank’s Chief Technology Officer, is among the speakers in the 2026 edition.
This is the bank’s second participation in the “Money 20/20 Middle East” conference, after its participation in the first edition in 2025 as a founding partner, as an extension of its presence within the financial technology and digital banking services system in the Kingdom.
The bank’s participation in this year’s edition is gaining importance in light of the rapid growth of digital banking services, and the high demand from companies and small and medium enterprises for financial solutions that are faster, more flexible and capable of integration with their operational and technical needs.
The “Money 20/20 Middle East” conference will be held from September 14 to 16, 2026 at the Riyadh Exhibition and Convention Center - Molham, with the participation of leaders of the financial and technical sectors, investors, decision-makers, banking institutions, financial technology companies, and providers of payment solutions and digital financial services.
Air Arabia will begin operating its flights from King Fahd International Airport in Dammam, starting September 20, with three local destinations, including Riyadh, Jeddah, and Medina, after the consortium led by the company obtained the Air Operator Certificate (AOC) from the Saudi General Authority of Civil Aviation.
The alliance, which has a Saudi majority, consists of the “Air Arabia” group, the “Nesma” group, and the “Kun Holding” company, in a step that paves the way for the start of its operational operations from the eastern region and the expansion of the network of local and international flights in the future.
According to the operating plan, the carrier will operate two flights daily from Dammam to Riyadh and Jeddah, in addition to a daily flight to Medina, which will enhance air transport options between the Eastern Province and the main Saudi cities.
Adel Al Ali, CEO of Air Arabia, said that the start of operations from King Fahd International Airport represents a “strategic milestone” in the group’s growth journey, and reflects its orientation towards expanding economic air travel options in the Saudi market.
He added that the company's business model aims to enhance air connectivity to the Kingdom in general and the eastern region in particular, by adding more direct local and international destinations from King Fahd International Airport.
For his part, Engineer Mohammed bin Ali Al-Hassani, CEO of Dammam Airports Company, said that the launch of Air Arabia’s operations reflects the growing status of King Fahd International Airport and confidence in its operational capabilities, indicating that the next phase aims to enhance air connectivity and serve passenger traffic from the Eastern Region to local and international destinations.
Al-Hassani explained that the company is working to support the goals of the aviation sector within the national strategy for transport and logistics services, in line with the goals of “Saudi Vision 2030.”
The step comes within the framework of expanding air traffic from King Fahd International Airport, and enhancing competition for domestic flights from Dammam, in conjunction with the growth in demand for air travel and the expansion of the connectivity network between the Eastern Province and the rest of the Kingdom.
The carrier will operate on single-aisle Airbus A320 aircraft, while on board its flights it will provide the SkyTime entertainment service, which allows passengers to access content via their personal devices, in addition to food and beverage services and the Air Rewards rewards program.
Masdar launched the “Mufid Finance” service in the presence of Abdulaziz Al-Bouk, Governor of the General Insurance Corporation and Chairman of the Board of Directors of Masdar, in conjunction with the launch of the Money20-20 Middle East 2026 conference held in Riyadh. The new service aims to provide a unified technical path that serves the banking sector, financing solutions providers, and financial technology (FinTech) companies in developing business and accelerating operations.
The service collects, through a single technical point of contact, the necessary functional information for individuals in the government sector and private sector establishments, based on their original sources, which simplifies the technical structure of the institutions and enhances the clarity of the inputs used in financing procedures.
“Mufid Finance” focuses on reducing the burdens resulting from multiple connectivity channels, and providing a unified information basis that can be employed across the units concerned with evaluation, risk management, analytics, and service development, in a way that supports the workflow and improves the customer experience.
The first day of the conference witnessed presentations of the service to specialists, which covered the mechanisms for benefiting from it within existing systems, paths for configuring connectivity, and usage models related to the needs of financial entities.
The launch of “Mufid Finance” comes within Masdar’s efforts to develop digital solutions directed to business sectors, which reflects the company’s orientation towards building a digital infrastructure based on reliable data, enhancing operational readiness and developing financial services.
Masdar Company is welcoming conference visitors, specialists and those interested in digital financial solutions in its booth No. (H2. H40) to review the characteristics of the service and discuss prospects for cooperation and strategic partnerships with financial institutions wishing to develop their digital infrastructure.
