Saudi Stc Backs Debt Investment Fintech Tarmeez Capital (1)

Stc Group’s venture capital arm has invested in Tarmeez Capital, a Saudi debt investment platform planning a push into private credit.

Tali Ventures took a minority stake in the Riyadh-based firm, Tarmeez Chief Executive Officer Nasser Alsaadoun said, without disclosing details on the deal. Tarmeez expects to get its asset management license in Saudi Arabia later this year, allowing it to start originating and managing credit to private companies, he added.

It aims to then raise as much as 1 billion riyals ($267 million) for its first private credit fund within two years. Tarmeez will also consider an initial ...