Abdul Latif Jameel Finance and Ant International Collaborate to Grow and Strengthen MSMEs in the Kingdom with Advanced Digital Services

Abdul Latif Jameel Finance, a leader in innovative financing solutions and services that is regulated by the Saudi Central Bank (SAMA), and Ant International, a leading global digital payment, digitization and financial technology provider, have signed a Memorandum of Understanding (MoU) to jointly explore opportunities in the financial technology sector in the Kingdom of Saudi Arabia. Through this collaboration, Abdul Latif Jameel Finance and Ant International will help grow and strengthen Micro, Small & Medium Enterprises (MSMEs) in Saudi Arabia with advanced digital services.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251110139372/en/

Both parties plan to collaborate on a diversified range of innovative digital financial services to businesses and consumers in the Kingdom. In particular:

• Exploring how WorldFirst, Ant International's all-in-one digital cross-border payment and treasury account service, can leverage its technology to support Abdul Latif Jameel Finance’s digitization strategy for its diverse financial and consumer businesses.

• Collaborating on advanced cross-border payment solutions, leveraging Alipay+, Ant International's global mobile wallet gateway, to support local and international expansion of customers in Abdul Latif Jameel Finance’s robust merchant network in Saudi Arabia.

• Further partnering on opportunities in embedded finance, while leveraging Ant International's digital technologies.

Dr. Khalid Alsharif, CEO of Abdul Latif Jameel Finance, said: “Our collaboration with Ant International represents an important step toward realizing our vision of enabling innovative and more inclusive financial solutions in Saudi Arabia. As the fintech ecosystem continues to evolve, we remain committed to contributing to the advancement of the financial sector, in line with Vision 2030.”

Leiming Chen, Senior Vice President and Chief Sustainability Officer of Ant International, said: “The MoU is another important step in Ant International's journey to build cross-sector partnerships with regional industry leaders in supporting Saudi Arabia's digital economy agenda.”

“WorldFirst and Ant International are honoured to support the mission of Abdul Latif Jameel Finance to provide diversified financial and digital services for MSMEs in the Middle East," said Clara Shi, CEO of WorldFirst. "Joining our innovative fintech capabilities with Abdul Latif Jameel Finance’s expertise and ecosystem, we look forward to contributing to regional trade and commerce as Saudi Arabia embraces an exciting digital transformation.”

With headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International provides global wallet gateway, global merchant payment services, unified global account services, and embedded finance services through its major brands Alipay+, Antom, WorldFirst, and Bettr. In 2025, Ant International opened its first Middle East office in Riyadh and will integrate Alipay+ with Saudi Arabia’s national payment scheme, mada, in 2026.

The MoU aims to better serve Saudi Arabia’s retail and MSME customers, leveraging a combination of Abdul Latif Jameel Finance’s reach in the Kingdom and Ant International’s digital technologies.

Ends

About Abdul Latif Jameel Finance:

Abdul Latif Jameel Finance is a pioneering financing business focused on providing innovative solutions to individuals and SMEs. Regulated by the Saudi Central Bank (SAMA), Abdul Latif Jameel Finance offers a range of financing services that empower customers and address the evolving market needs. In 2024, it surpassed SR 3.5 billion in microfinancing through its Bab Rizq Jameel Microfinance program, supporting over 283,000 entrepreneurs and small businesses to date. For more information, visit: www.aljfinance.com

About WorldFirst

WorldFirst offers cross-border payments and treasury services through its global business account, empowering growth for SMEs in e-commerce, trade, and the broader platform economy. WorldFirst simplifies key financial operations, including international payments, collections, currency conversions, and treasury management, all in a one-stop account. Leveraging the technological strengths of its parent company, Ant International, WorldFirst delivers industry-leading transaction security and reliability. WorldFirst has supported over 1.2 million customers, enabling payments in 100+ currencies across more than 210 countries and regions. Learn more about WorldFirst at https://www.worldfirst.com.

About Ant International

With headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International is a leading global digital payment, digitisation and financial technology provider. Through collaboration across the private and public sectors, our unified techfin platform supports financial institutions and merchants of all sizes to achieve inclusive growth through a comprehensive range of cutting-edge digital payment and financial services solutions.

To learn more, please visit https://www.ant-intl.com/

Copyright Notice & Disclaimer

Abdul Latif Jameel United Finance Company © All rights reserved. The “Abdul Latif Jameel Finance” name and the “Abdul Latif Jameel Finance” logotype and pentagon-shaped graphics are trademarks or registered trademarks.

Data:

The information presented in this document is intended for general informational purposes only. Any numerical data provided is accurate as of June 2025 but may not be updated in real-time and becomes outdated over time. While every effort has been made to ensure the accuracy and reliability of the information provided, Abdul Latif Jameel Finance makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the content contained herein.

Any references made to the content of this document are for demonstration and discussion purposes, and do not imply any legal ownership or affiliation unless explicitly stated otherwise. Any actual transactions or agreements concerning the content of this presentation would require separate legal documentation and due diligence.

Reliance on the information provided is strictly at your own risk. Abdul Latif Jameel Finance disclaims any liability for any loss or damage, including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this numerical data and the information contained within this presentation.

Forward Looking Statements

This presentation may contain forward-looking statements. Forward-looking statements are statements regarding matters other than historical fact, such as future results, events, activities, developments or circumstances or the beliefs, plans or expectations of Abdul Latif Jameel Finance entities or their respective managements. Forward-looking statements often can be identified by the use of words such as ‘expect’, ‘project’, ‘anticipate’, ‘plan’, ‘estimate’, ‘believe’, ‘predict’, ‘intend’, ‘potential’, ‘possible’, ‘probable’, ‘likely’, ‘forecast’, ‘guidance’, ‘outlook’, ‘goal’, ‘target’, ‘may’, ‘will’, ‘should’ or ‘could’ or other similar terms or phrases. However, the absence of such words does not mean that a particular statement is not forward looking.

Forward-looking statements are based on expectations and assumptions at the time of such statements and are subject to numerous risks and uncertainties, many of which are outside the control of Jamel Motors entities. Should any of such expectations or assumptions prove incorrect, or should any of such risks or uncertainties materialize, actual future results, events, activities, developments or circumstances may differ materially from those expressed in or implied by forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and Abdul Latif Jameel Finance does not assume, and hereby disclaim, any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.

All forward-looking statements made by Abdul Latif Jameel Finance or by any person on behalf of it, whether communicated in writing, electronically orally, are qualified in their entirety by the foregoing cautionary statements.

No Offer or Solicitation

This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of applicable laws, or an exemption therefrom.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251110139372/en/