Saudi AC distributor Shaker to buy 40% stake in fintech platform Cashew 

RIYADH: Saudi-listed Al Hassan Ghazi Ibrahim Shaker Co. has entered into an initial agreement to buy a 40 percent stake in fintech platform Cashew Payments Holding Ltd.

Shaker’s proposed investment in Cashew KSA will allow the fintech firm to gain and grow market share as one of the leading buy-now-pay-later providers in Saudi Arabia, according to a bourse filing

Shaker said it will provide updates on this matter as they become available.