GlobalPay, a UAE-based fintech company, has announced that Saudi technology entrepreneur and executive Eng. Abdulaziz Al-Salloum has joined its shareholder base after acquiring a 10 percent stake in the company. The transaction agreements were signed in Egypt in the presence of Eng. Tamer Shawer, CEO of GlobalPay, and Eng. Al-Salloum. The move is designed to support the company's regional growth strategy across fintech, digital payments, and integrated technology solutions.
Strategic Regional Expansion
GlobalPay operates from the UAE as a regional umbrella focused on developing investments and technology solutions tied to payments and fintech. In Egypt, the company works through MasrPay, which specializes in digital payment acceptance and management solutions for merchants and businesses. In Saudi Arabia, GlobalPay has established GlobalPay KSA, known as Alam Al-Dafaa, to build a long-term presence and connect operations across the three markets.
Leadership and Regional Expertise
Eng. Abdulaziz Al-Salloum brings extensive experience in Saudi Arabia's technology and digital transformation sector. His career has included leadership of Duroob Technology and the role of Chief Executive Officer at the Saudi company AppsPro. In 2021, Accenture announced the acquisition of AppsPro, highlighting his ability to scale technology ventures and strengthen market knowledge.
Saudi Arabia's Digital Transformation Agenda
Saudi Arabia continues to accelerate its digital transformation and fintech development under its national economic agenda. GlobalPay sees this momentum as an opportunity to introduce integrated payment solutions tailored to local market needs. Al-Salloum's experience in leading technology ventures positions him to support the company's entry and expansion in the Saudi market.
A Partnership Beyond Capital
GlobalPay management has framed the transaction as more than a capital injection. Eng. Tamer Shawer said the new shareholder adds important expertise to the company's shareholder base and connects its activities in the UAE and Egypt with its plans for Saudi Arabia. Ali Taha, Chief Business Officer, described the deal as a partnership that can create meaningful value for the next stage of GlobalPay's development.
Regional Ecosystem and Value Creation
The company is working to build a regional ecosystem that links the UAE, Egypt, and Saudi Arabia. Its strategy is based on the principle that every expansion should generate real value for the market and customers, rather than simply increasing geographic presence. This approach is intended to support the development of investments and technology solutions related to payments and fintech.
Executive Perspectives on Regional Growth
Company executives indicated that shareholder value should be built on more than financial contribution. They noted that combining capital with operational experience can accelerate the development of digital payment solutions across the region. This philosophy is central to GlobalPay's approach as it connects its operations in three key Middle Eastern markets.
Commitment to Long-Term Market Presence
GlobalPay's leadership emphasized that the new shareholder base is being built to contribute experience and market knowledge alongside capital. The company views the Saudi market as an important part of its long-term regional plan. The addition of Eng. Al-Salloum is expected to help the group deepen its understanding of local technology and digital transformation opportunities.
This investment marks a new phase in GlobalPay's regional expansion, aligning capital with technology leadership and market insight. By strengthening its presence in the UAE, Egypt, and Saudi Arabia, the company is positioning itself to capture growing demand for digital payments and fintech solutions. The partnership with Eng. Abdulaziz Al-Salloum reflects GlobalPay's commitment to building value-driven regional growth.