Abdul Latif Jameel Finance and Ant International Collaborate to Grow and Strengthen MSMEs in the Kingdom with Advanced Digital Services

RIYADH, Saudi Arabia & SINGAPORE--(BUSINESS WIRE)--Nov 10, 2025--

Abdul Latif Jameel Finance, a leader in innovative financing solutions and services that is regulated by the Saudi Central Bank (SAMA), and Ant International, a leading global digital payment, digitization and financial technology provider, have signed a Memorandum of Understanding (MoU) to jointly explore opportunities in the financial technology sector in the Kingdom of Saudi Arabia. Through this collaboration, Abdul Latif Jameel Finance and Ant International will help grow and strengthen Micro, Small & Medium Enterprises (MSMEs) in Saudi Arabia with advanced digital services.

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Both parties plan to collaborate on a diversified range of innovative digital financial services to businesses and consumers in the Kingdom. In particular:

Dr. Khalid Alsharif, CEO of Abdul Latif Jameel Finance, said: “Our collaboration with Ant International represents an important step toward realizing our vision of enabling innovative and more inclusive financial solutions in Saudi Arabia. As the fintech ecosystem continues to evolve, we remain committed to contributing to the advancement of the financial sector, in line with Vision 2030.”

Leiming Chen, Senior Vice President and Chief Sustainability Officer of Ant International, said: “The MoU is another important step in Ant International's journey to build cross-sector partnerships with regional industry leaders in supporting Saudi Arabia's digital economy agenda.”

“WorldFirst and Ant International are honoured to support the mission of Abdul Latif Jameel Finance to provide diversified financial and digital services for MSMEs in the Middle East," said Clara Shi, CEO of WorldFirst. "Joining our innovative fintech capabilities with Abdul Latif Jameel Finance’s expertise and ecosystem, we look forward to contributing to regional trade and commerce as Saudi Arabia embraces an exciting digital transformation.”

With headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International provides global wallet gateway, global merchant payment services, unified global account services, and embedded finance services through its major brands Alipay+, Antom, WorldFirst, and Bettr. In 2025, Ant International opened its first Middle East office in Riyadh and will integrate Alipay+ with Saudi Arabia’s national payment scheme, mada, in 2026.

The MoU aims to better serve Saudi Arabia’s retail and MSME customers, leveraging a combination of Abdul Latif Jameel Finance’s reach in the Kingdom and Ant International’s digital technologies.

Ends

About Abdul Latif Jameel Finance:

Abdul Latif Jameel Finance is a pioneering financing business focused on providing innovative solutions to individuals and SMEs. Regulated by the Saudi Central Bank (SAMA), Abdul Latif Jameel Finance offers a range of financing services that empower customers and address the evolving market needs. In 2024, it surpassed SR 3.5 billion in microfinancing through its Bab Rizq Jameel Microfinance program, supporting over 283,000 entrepreneurs and small businesses to date. For more information, visit: www.aljfinance.com

About WorldFirst

WorldFirst offers cross-border payments and treasury services through its global business account, empowering growth for SMEs in e-commerce, trade, and the broader platform economy. WorldFirst simplifies key financial operations, including international payments, collections, currency conversions, and treasury management, all in a one-stop account. Leveraging the technological strengths of its parent company, Ant International, WorldFirst delivers industry-leading transaction security and reliability. WorldFirst has supported over 1.2 million customers, enabling payments in 100+ currencies across more than 210 countries and regions. Learn more about WorldFirst at https://www.worldfirst.com.

About Ant International

With headquarters in Singapore and main operations across Asia, Europe, the Middle East and Latin America, Ant International is a leading global digital payment, digitisation and financial technology provider. Through collaboration across the private and public sectors, our unified techfin platform supports financial institutions and merchants of all sizes to achieve inclusive growth through a comprehensive range of cutting-edge digital payment and financial services solutions.

To learn more, please visit https://www.ant-intl.com/

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(L-R): Dr. Khalid Alsharif, Chief Executive Officer, Abdul Latif Jameel Finance Saudi Arabia; Mohammed Abdul Latif Jameel, Chairman, Abdul Latif Jameel; Leiming Chen, Senior Vice President and Chief Sustainability Officer of Ant International; and Clara Shi, CEO of WorldFirst.

DUBAI, United Arab Emirates (AP) — Iran kept up its attacks on Israel and Persian Gulf neighbors on Wednesday as airstrikes pounded Tehran and U.S. President Donald Trump again made contradictory statements about whether he was ready to wind down the war or escalate it.

Trump struck a belligerent tone Wednesday in a Truth Social post, demanding that Iran stop blocking the Strait of Hormuz — the waterway vital to global oil supplies — or the U.S. would bomb the Islamic Republic “back to the Stone Ages.” A day earlier, Trump said the U.S. “will not have anything to do with” ensuring the security of ships passing through Hormuz; that was an apparent backtrack from a previous threat to attack Iran's power grid if it didn't open the strait by April 6.

Trump, who is scheduled to give a televised address Wednesday evening, said Tuesday he could walk away from the war in two to three weeks once he felt confident Iran would not be able to build a nuclear weapon — even if Tehran does not agree to a ceasefire.

But his latest Truth Social post struck a harder line as more American troops move into the region for a possible ground offensive after weeks of airstrikes targeting Iran.

Trump also claimed Wednesday that “Iran's New Regime President” wanted a ceasefire. It wasn't clear to whom the U.S. president was referring since Iran still has the same president. Iran’s Foreign Ministry spokesman, Esmail Baghaei, called Trump's claim “false and baseless,” according to a report on Iranian state television.

Speaking earlier to Al Jazeera, Iranian Foreign Minister Abbas Araghchi signaled Tehran’s willingness to keep fighting. “You cannot speak to the people of Iran in the language of threats and deadlines,” he said. “We do not set any deadline for defending ourselves.”

Since the war began on Feb. 28, Trump has offered shifting objectives and repeatedly has said it could be over soon while also threatening to widen the conflict. Thousands of additional U.S. troops are currently heading to the Middle East, and speculation abounds about the purpose of their deployment.

Just days ago, Trump threatened to attack Iran’s Kharg Island oil export hub. And there has also been speculation about whether the U.S. could decide to send in military forces to secure Iran’s uranium stockpile — a complex and risky operation, fraught with radiation and chemical dangers, according to experts and former government officials.

Adding to the confusion is what role Israel - which has been bombing Iran alongside the U.S. — might play in any of these scenarios.

Trump has been under growing pressure to end the war as oil prices have skyrocketed, pushing up the cost of gasoline, food and other goods. The spot price of Brent crude, the international standard, was up more than 40% since the start of the war, trading at more than $103 a barrel on Wednesday.

The U.S. has presented Iran with a 15-point plan aimed at bringing about a ceasefire, including a demand for the strait to be reopened and for its nuclear program to be rolled back.

Iran insists its nuclear program is peaceful. And in a report last week by Iranian state TV's English-language broadcaster, an anonymous official was quoted as saying Iran had its own demands to end the fighting, including retaining sovereignty over the strait.

In the interview with Al Jazeera, Araghchi acknowledged receiving direct messages from U.S. Mideast envoy Steve Witkoff. He insisted, however, that there were no direct negotiations and said Iran has no faith that talks with the U.S. could yield any results, saying “the trust level is at zero.”

He warned against any U.S. attempt to launch a ground offensive, saying “we are waiting for them.”

In a deal ostensibly to give diplomacy a chance, U.S. officials have given “clear assurances” that Araghchi and Iran's Parliamentary Speaker Mohammad Bagher Qalibaf won't be targeted, according to three officials who spoke on condition of anonymity because they're not authorized to speak publicly about the matter.

A cruise missile slammed into an oil tanker off Qatar’s coast Wednesday, the Defense Ministry said. The crew was evacuated and no casualties were reported. A Kuwaiti oil tanker came under attack off Dubai the day before, one of more than 20 ships attacked by Iran during the war.

In the United Arab Emirates, a person was killed when he was hit by debris from an intercepted drone in Fujairah, one of the country’s seven emirates.

In Kuwait, the state-run KUNA news agency said a drone hit a fuel tank at Kuwait International Airport, sparking a large fire.

Jordan’s military said it intercepted a ballistic missile and two drones fired from Iran in the last 24 hours. No casualties were reported. Two drones were also intercepted in Saudi Arabia.

In Israel, sirens sounded to warn of incoming missiles and AP reporters heard loud booms in Tel Aviv as the windows of buildings shook from the reverberations. There were no immediate reports of damage or casualties.

An airstrike on Tehran appeared to have hit the former U.S. Embassy compound, which has been controlled by Iran’s Revolutionary Guard since American diplomats were held hostage there in 1979. Witnesses said buildings outside the massive compound had their windows blown out.

In Lebanon, at least five people were killed in an Israeli strike on a Beirut neighborhood.

Israel invaded southern Lebanon after the Iran-linked Hezbollah militant group began launching missiles into northern Israel days after the outbreak of the war. Many Lebanese fear another prolonged military occupation.

More than 1,200 people have been killed in Lebanon and more than 1 million displaced, according to authorities. Ten Israeli soldiers have also died there.

In Iran, authorities say more than 1,900 people have been killed, while 19 have been reported dead in Israel. More than two dozen people have died in Gulf states and the occupied West Bank, while 13 U.S. service members have been killed.

Rising reported from Bangkok. Associated Press writers Giovanna Dell’Orto in Miami, Farnoush Amiri in New York and Samy Magdy in Cairo contributed to this report.

A young girl is comforted by her father and Israeli soldiers as they take cover in a bomb shelter during air raid sirens warning of incoming Iranian missile strikes in Bnei Brak, Israel, Wednesday, April 1, 2026. (AP Photo/Oded Balilty)

People inspect the site of an Israeli strike amid debris and damaged vehicles in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hassan Ammar)

A man feeds stray cats in Tehran, Iran, Tuesday, March 31, 2026. (AP Photo/Vahid Salemi)

The Indian flagged LPG carrier Jag Vasant transporting liquefied petroleum gas, is seen at the Mumbai Port in Mumbai, India, after it arrived clearing the Strait of Hormuz, Wednesday, April 1, 2026. (AP Photo/Rafiq Maqbool)

Firefighters and rescue workers work at the site of Israeli airstrikes, in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hussein Malla)

A firefighter extinguishes a car at the site of Israeli airstrikes, in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hussein Malla)

Israel's rescue teams and residents take shelter as sirens sounds next to a site struck by an Iranian missile in Bnei Brak, Wednesday, April 1, 2026. (AP Photo/Oded Balilty)

A police vehicle is seen through a shattered windshield at the site of an Israeli strike in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hassan Ammar)

Two men ride scooters past charred debris at the site of an Israeli strike in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hassan Ammar)