Gulf fintech Tabby valued at $4.5 billion ahead of potential public listing

Saudi-based fintech firm Tabby has completed a secondary share sale valuing the company at about $4.5 billion as it prepares for a possible initial public offering in the near future. The firm offers ‘buy-now, pay-later’ services across the Gulf region, serving over 15 million users and partnering with large retailers. The share sale included existing-shareholder participation and was seen as a way to create liquidity ahead of the IPO. Investors cited strong regional fintech growth and payments adoption as key drivers of the high valuation.