Saudi Arabia-based Tabby has recently concluded a secondary share sale, enabling existing shareholders to sell their stakes to new investors such as HSG and Boyu Capital. This transaction reflects an implied valuation of USD 4.5 billion for the company.

Tabby clarified that no fresh shares were issued nor did it receive any proceeds from this sale. The identities of the selling shareholders and the specific amount of shares sold remain undisclosed by Tabby.

This new valuation is a substantial increase from the USD 3.3 billion valuation that was established in its last funding round, which raised USD 160 million approximately eight months ago. According to Bloomberg, this deal allowed HSG and Boyu Capital, among others, to purchase shares directly from existing investors.

Tabby’s Updated Valuation at USD 4.5 Billion

Welcoming the new shareholders brings a sense of alignment with Tabby’s goals, as these firms share the same ambitions to contribute significantly to the financial services sector in the region.

HSG noted that the rapid evolution and growth of Tabby’s products indicate efficient execution and market understanding. HSG will continue collaborating with Tabby’s management team as they develop customized financial services for emerging markets.

Boyu Capital highlighted how Tabby’s quick product development and its rapid expansion in a developing market strengthen the company’s presence within the Middle East fintech industry.

In May 2025, Tabby announced plans for an IPO, aiming to list on the Riyadh stock exchange within the next year. The company previously relocated its headquarters from Dubai to Saudi Arabia in 2023 in preparation for this listing. As of now, Tabby serves markets including Saudi Arabia, the UAE, and Kuwait, supporting over 40,000 global brands and SMEs such as SHEIN, Amazon, Adidas, IKEA, H&M, Samsung, and Noon through its technology-driven payment solutions.