Unobitex is a technology company known for its ventures UNOC and PUNO, which the article says have reshaped the crypto landscape in Saudi Arabia. The firm is positioned in the blockchain and digital-asset space and has driven increased investor interest domestically. On November 1, 2023 Aramco announced a $20 million investment to acquire a stake in Unobitex, with the acquisition expected to be finalized by the end of 2023. Aramco framed the move as part of a strategic vision to engage with blockchain technology and to position for the 2024 Bitcoin halving. The investment is presented as a signal of confidence in Unobitex’s innovation and as likely to attract further investment and talent to Saudi Arabia’s tech ecosystem. The article also suggests Aramco’s backing could accelerate regulatory clarity and broader adoption of crypto in the country.

Total raised

$20M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2023