Tabby Completes Secondary Share Sale
Tabby, a Saudi Arabia-headquartered fintech, has announced the completion of a secondary share sale, resulting in a company valuation of $4.5 billion.
The transaction involved the acquisition of shares from existing investors by HSG, Boyu Capital, and others. No new shares were issued, and Tabby did not receive any proceeds from the sale.
Hosam Arab, CEO and Co-Founder at Tabby, said, “We’re proud to welcome our new shareholders who share Tabby’s ambitions and the impact we’re making on financial services across the region.”
Rock Wang, Managing Director at HSG, commented, “Tabby's product velocity and rapid path to scalability reflect exceptional execution and a deep understanding of the market.”
Author's summary: Tabby completes secondary share sale at $4.5 billion valuation.