GlobalPay, headquartered in the United Arab Emirates, has announced that Saudi technology entrepreneur and executive Eng. Abdulaziz Al-Salloum has joined the company’s shareholder base following his acquisition of a 10% stake in GlobalPay.
The transaction agreements were signed today in the Arab Republic of Egypt, in the presence of Eng. Tamer Shawer, CEO of GlobalPay, and Eng. Abdulaziz Al-Salloum.
The transaction forms part of GlobalPay’s strategy to strengthen its shareholder base and support GlobalPay’s regional growth and expansion across financial technology, digital payments, and integrated technology solutions.
“We are building a shareholder base that contributes experience, market knowledge, and the ability to support long-term growth alongside capital.”
Based in the UAE, GlobalPay’ serves as a regional platform, focusing on investments and technology solutions related to payments and fintech.
In Egypt, GlobalPay operates through MasrPay, which focuses on developing digital payment acceptance and management solutions for merchants and businesses.
In Saudi Arabia, GlobalPay established GlobalPay KSA – Alam Al-Dafaa, an entrepreneurial company, intended to develop fintech and digital payment solutions and support GlobalPay’s long-term presence in the Saudi market.
Eng. Abdulaziz Al-Salloum brings extensive experience in Saudi Arabia’s technology and digital transformation sector. His career has included leadership of Duroob Technology, as well as serving as CEO of Saudi-based AppsPro. In 2021, Accenture announced the acquisition of AppsPro.
Eng. Tamer Shawer, CEO of GlobalPay, added:
“Eng. Abdulaziz Al-Salloum’s entry represents an important addition to that journey. We are connecting what we are building in the UAE and Egypt with what we plan to establish in Saudi Arabia, while maintaining one fundamental principle: every expansion must be based on creating real value for the market and its customers, rather than simply increasing our geographic footprint.”
Mr. Ali Taha, Chief Business Officer (CBO) at GlobalPay, said:
“For us, this is more than an investment transaction. It is a partnership that we believe can create meaningful value in the next stage of GlobalPay’s journey. We are building a regional ecosystem connecting the UAE, Egypt, and Saudi Arabia, and Eng. Abdulaziz Al-Salloum’s technology experience and knowledge of the Saudi market add important strength to that vision.”
