Beehive Group Holdings announced that it has completed its acquisition of a majority stake in Themar Al Aamal Commercial Company. Themar Al Aamal Commercial Company is the holding company of the SAMA-regulated debt crowdfunding platform Themar Al Aamal for Crowdfunding Company in Saudi Arabia. Financial terms of the transaction were not disclosed.
The acquisition makes Beehive the first digital SME financing platform regulated across three GCC markets: the UAE, Oman, and Saudi Arabia.
The transaction also comes as Beehive has financed more than 3,000 SMEs across the GCC since its founding in 2014.
Beehive has operated in Saudi Arabia since 2020 through strategic banking partnerships.
The acquisition of Themar converts Beehive’s Saudi presence into a fully regulated platform.
Beehive said the combined entity is positioned to deepen access to SME financing across Saudi Arabia.
The acquisition supports Saudi Arabia’s Vision 2030 agenda, which prioritizes expanding SME financing, increasing private-sector participation, and diversifying the national economy.
Beehive said the combination brings together its regional technology, funding network, and operational track record with Themar’s SAMA-regulated platform.
The company expects the acquisition to expand access to transparent and regulated financing solutions for Saudi SMEs.
Beehive is also looking to establish a structured funding facility in Saudi Arabia similar to its arrangement with Goldman Sachs and Magellan Capital in the UAE.
That facility would be intended to expand Beehive’s SME funding capacity in the Kingdom.
Founded in 2014, Beehive is a digital SME funding platform headquartered in Dubai.
The company connects businesses seeking financing with investors that can support their growth.
Beehive offers SMEs across the GCC a faster and more affordable alternative to traditional banking channels.
In the UAE, Beehive P2P Limited is regulated by the DFSA.
In Oman, Beehive Financial Technology SPC is regulated by the FSA.
In Saudi Arabia, Beehive Group Holdings owns a controlling stake in Themar Al Aamal for Crowdlending Company, which is regulated by SAMA.
Themar is a Saudi-based, SAMA-licensed debt crowdfunding platform that connects participants with growing businesses.
The platform focuses on empowering entrepreneurs, supporting SMEs, and enabling individuals and institutions to participate with trust, transparency, and impact.
KEY QUOTES:
“Saudi Arabia is one of the most dynamic SME markets in the region, and we have been committed to it since 2020. With Themar, we are moving from a partnership-led presence to a regulated platform in the Kingdom, giving us a stronger foundation to scale access to financing for Saudi SMEs. The merged entity is well-positioned to scale, combining our technology, our track record, and our understanding of the market to put more accessible financing in the hands of Saudi SMEs.”
Peter Tavener, Co-Founder and Group CEO of Beehive
“Beehive brings the regional scale, the technology, and the institutional relationships to open up a new level of capital access for Saudi businesses. Together, we are building a stronger regulated platform that can support more SMEs across the Kingdom and contribute to the growth of Saudi Arabia’s entrepreneurial ecosystem.”
Yousef H. Al Dabbagh, Co-Founder of Themar
