Shaker Group, a leading Saudi manufacturer and distributor of air conditioners and home appliances, said it has reached an agreement with leading Buy Now Pay Later (BNPL) company Cashew Payments to acquire a 40% stake in its Saudi unit - Cashew KSA.
Shaker Group, a leading Saudi manufacturer and distributor of air conditioners and home appliances, said it has reached an agreement with leading Buy Now Pay Later (BNPL) company Cashew Payments to acquire a 40% stake in its Saudi unit - Cashew KSA.
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