Tasheel sets up fintech payroll processing firm in Saudi Arabia

United International Holding Co. (Tasheel) finalized the establishment of a new company, named Now Access, with SAR 10 million capital and a total investment of SAR 75 million. The new entity is specialized in providing payroll administration and processing services through fintech in the Kingdom.

The ownership structure will be 75% for United International and 25% for NowPay Corp, it said in a statement to Tadawul.

The company expects the relevant financial impact to reflect on the company’s results for the third quarter of 2025.

According to Argaam’s data, the company signed, on Jan. 2, a non-binding memorandum of understanding (MoU) with NowPay Corp., a fintech company, to establish a specialized company for payroll administration and processing services in Saudi Arabia. The MoU includes injecting SAR 75 million initial investment after obtaining the required regulatory approvals.