The acquisition of Amaana.ai, a provider of cutting-edge artificial intelligence solutions, has been announced by Tawaref, a Saudi-based investment community that offers startup services throughout the Arabian Gulf. With this calculated purchase, Tawaref will be better equipped to provide its expanding network of investors and startups with all-encompassing AI-driven solutions.
Notable for its efficient services that make it easier for businesses to enter Saudi Arabia, Amaana.ai has extensive experience automating necessary procedures like obtaining licenses and setting up banks. By adding to its portfolio of cutting-edge financial and technological solutions, this acquisition enhances Tawaref’s appeal to businesses looking to expand and prosper in the rapidly evolving Saudi market. Using AI technologies to improve services across multiple industries, the newly integrated capabilities will be centered around collaboration. Tawaref will now include its digital-first strategy, unmatched government connections, and AI-powered solutions into its offerings.
Saeed Al Ansari, CEO of Tawaref, expressed: “The integration of Amaana.ai allows us to elevate our service offerings and reinforce our mission to support startups with advanced, AI-driven solutions. By blending our expertise, we’re providing smarter and more efficient solutions that will help our clients navigate the Saudi market with ease.”
Su Le, CEO of Amaana.ai, will transition to Advisor at Tawaref, added: “This acquisition marks a significant milestone, uniting two companies with a shared vision of innovation and market leadership. Together, we’re empowering entrepreneurs with the tools they need to accelerate their success in one of the world’s fastest-growing markets.”
The other Amaana.ai co-founders, Njoud AlYousef, Tim Abbott, and Chris Hafner, who are also advisors on this project, echoed Su’s opinion and emphasized the acquisition’s strategic significance in promoting innovation and entrepreneurship.
AI-driven business solutions, company formation, legal and accounting services, and government registration through the Saudi Landing Program are now among Tawaref’s expanded services. Tawaref is positioned as a reliable partner for both new and established businesses thanks to these services, which are further enhanced by Amaana.ai’s capabilities.
