Page 10 - UNIFONIC PR REPORT - April 2025

Press Release

Sadq Raises SAR 5.5 million in Pre-Series A Round Led by "X by
Unifonic Fund" to Accelerate Growth in the Kingdom’s Digital

Authentication Sector

Riyadh, Saudi Arabia, 15 April 2025- Sadq, the leading Saudi platform for digital signatures and

integrated workflow authentication solutions, has announced the successful close of its Pre-Series
A funding round, raising SAR 5.5 million. The round was led by X by Unifonic Fund, with
participation from a group of investors and a strategic investment from Unifonic. This investment
marks a significant step in cementing Sadq’s leadership and innovation in the Kingdom’s fast-
growing digital authentication sector.

Founded in 2022 by Abdullah Allahuo and Salem Al-Badawi, Sadq has quickly emerged as a
trusted name in the Kingdom’s digital transformation landscape. The company first gained traction

through a seed round led by Sanabil 500 in 2023 and later achieved a major milestone by obtaining
the Digital Trust Services License from the Digital Government Authority (DGA) — a regulatory
breakthrough that elevated Sadq's legal credibility and enabled its adoption across public and
private sectors.

“This investment comes at a pivotal time as Saudi Arabia witnesses a transformative shift in the
digital trust landscape,” said Abdullah Allahuo, Co-Founder and CEO of Sadq. “It enables us
to enhance our technology, forge strategic partnerships, and attract top-tier talent — reinforcing
our position as a key provider of secure and legally recognized digital signature solutions.
Obtaining the DGA license was a turning point, significantly increasing the credibility of our

platform and elevating the legal weight of digitally signed documents, especially under Article 58
of the Saudi Evidence Law.”

Ayman Hamdan, Founding Partner of X by Unifonic Fund, added: “Sadq is uniquely positioned
to lead the digital trust ecosystem in Saudi Arabia. The company holds tremendous potential to
transform the way digital authentication and signatures are managed. Through this funding round,
we are proud to support Sadq’s journey as it scales its service offerings, strengthens its market
presence, and innovates across the digital trust space. As a fund, we are deeply committed to