Aramco has entered into a Memorandum of Understanding (MoU) with SBI Holdings, a Japanese-based financial services company.

The MoU outlines a potential business alliance between Aramco and SBI Holdings, aiming to explore collaboration in several key areas.

These areas include digital assets, co-investments and support for Japanese startups in the digital asset field looking to expand into Saudi Arabia.

This MoU allows the companies to discuss additional high-technology business opportunities in digital assets and semiconductors while contributing to Japan-Saudi economic ties.

In line with this partnership, SBI Holdings is also progressing towards establishing ‘SBI Middle East’ in Riyadh, expanding its operational footprint in the Middle East region.

Featured image credit: edited from freepik

(This article was first appeared on fintechnews.hk)