Tabby announces completion of secondary share sale
The secondary share sale implies a valuation of $4.5 billion for Tabby
Riyadh, Saudi Arabia — 28 October 2025: Tabby, the Saudi Arabia–headquartered financial services app, today confirmed the completion of a secondary sale of shares held by certain existing shareholders. As part of the transaction, HSG, Boyu Capital and others acquired shares from existing investors, resulting in an implied company valuation of $4.5 billion. No new Tabby shares were issued and the company 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.”
“Tabby's product velocity and rapid path to scalability reflect exceptional execution and a deep understanding of the market,” said Rock Wang, Managing Director at HSG. “We're excited to partner with management as they continue to build a comprehensive financial services flywheel in a region with tremendous growth potential.”
Joey Chen, Partner at Boyu Capital said: “Tabby has demonstrated strong product innovation and disciplined growth in a rapidly developing market, placing the company as the forefront leader in this region’s nascent financial technology sector. We are excited to partner with Hosam and the Tabby team as they build the next generation of financial services in the Middle East.”
About Tabby
Tabby is a financial technology company that helps millions of people in the Middle East to stay in control of their spending and make the most out of their money.
Over 40,000 global brands and small businesses, including SHEIN, Amazon, Adidas, IKEA, H&M, Samsung and Noon use Tabby’s technology to accelerate growth and gain loyal customers by offering flexible payments online and in stores. Tabby is headquartered in Riyadh and serves Saudi Arabia, the UAE and Kuwait.
Important notice
This announcement is for informational purposes only and shall not constitute or form part of, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful. Any securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offer of any securities in the United States.
Certain statements contained herein may constitute forward-looking statements. These statements are based on current expectations, estimates and projections, and involve known and unknown risks and uncertainties that could cause actual results to differ materially. Tabby undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date of this announcement.
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