SBI Holdings and Aramco Enter MoU for Digital Asset Collaboration
by Fintech News Hong Kong December 12, 2023SBI Holdings has entered into a Memorandum of Understanding (MoU) with Aramco, the Saudi Arabia-based global energy corporation.
The MoU outlines a potential business alliance between SBI Holdings and Aramco, 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
