Growth funding · Travel tech
FlyAkeed secures SAR94.3m in equity and Murabaha sukuk funding
The mixed financing will expand its enterprise travel platform and deferred-payment offering.
FlyAkeed secured SAR94.3 million, approximately $25.15 million, in growth financing through equity and a Murabaha sukuk. Sanabil led the equity portion; Artal Capital participated in equity and led the sukuk. tali ventures and Aljazira Capital also participated in equity.
The company will scale its enterprise travel platform and expand embedded deferred payments for large enterprises. FlyAkeed reports more than 150 corporate clients. The split between equity and sukuk was not disclosed.
Use of funds
Scale the enterprise travel platform
Expand embedded deferred-payment offering for large enterprises
Funding history
Growth funding · This roundSAR 94.3M