WAMID finalizes DirectFN’s stake buyout

03/02/2025 Argaam
Logo ofTadawul Advanced Solutions Co. (WAMID)

Logo of Tadawul Advanced Solutions Co. (WAMID)

Saudi Tadawul Group Holding Co.’s subsidiary, Tadawul Advanced Solutions Co. (WAMID) completed, on Feb. 2, the acquisition of 49% of the entire remaining shares in Direct Financial Network Co. (DirectFN).
 
The stake was owned by National 2 Ventures (sole proprietorship), according to a statement to Tadawul.
WAMID finalized the approvals of the regulatory authorities, and accordingly, it is now the sole owner of DirectFN.
 
 
Saudi Tadawul Group announced in May 2023 that WAMID acquired a 51% stake in DirectFN for SAR 134 million. In December 2024, WAMID purchased the remaining 49% holding at SAR 220.5 million, data compiled withArgaam showed.

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