Purity Information Technology signed a SAR9.3 million contract, including VAT, with Qassim Emirate for three years of operation, maintenance and cybersecurity support services.
The SAR9.3 million, three-year contract makes cybersecurity an operating commitment; manage service quality and incident response as tightly as the initial technical delivery.
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The second SIM tells the truth
Opensignal's Saudi read puts stc at 49.0% of the market, Mobily at 23.8% and Zain KSA at 14.6%, with virtual operators collectively near 12% and 7.4 million subscribers in early 2026. Zain customers are likeliest to carry a second SIM at about 37%, against 27% at Mobily and about 17% at stc; operators have invested over $1.5 billion in 5G spectrum since 2019.
Dual-SIM rates show pre-churn behavior, so focus your pricing and packaging on the second SIM instead of comparing only to a competitor's main plan.
Two and a half billion for megawatts
HUMAIN is seeking a fund with an initial target of $2.5 billion to finance 250-megawatt data centres being built with Al Moammar Information Systems, with capacity that could eventually rise to 1 gigawatt. BSF Capital manages the fund, Saudi Investment Bank is soliciting investors, and Capital Market Authority approval is expected to take 2 to 3 months, with financing structured as a mix of debt and equity.
Raising a dedicated fund, instead of using the balance sheet, positions data centre capacity as an investable asset class, with debt and equity allocated to external investors.
License Number 77
SAMA approved Credit Line for micro consumer finance, taking licensed finance companies to 77 against a Vision 2030 target of 525, with fintech micro-lending capped at SR25,000 per borrower
The takeaway: As license numbers grow toward the 2030 target, the real advantage lies in owning distribution and the customer's daily habit, which are key to winning in the lending market.
