Page 57 - UNIFONIC PR REPORT - April 2025

4/16/25, 1:46 PM Sadq raises $1.5 million pre-series A led by X by Unifonic Fund - Wamda
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 recognised digital signature solutions. Obtaining the DGA licence 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 driving digital
transformation by backing B2B SaaS companies that deliver mission-critical solutions for evolving

markets.”

Salem Al-Badawi, Co-Founder and CTO of Sadq, said, “We’re proud of how far we’ve come. This new

funding will allow us to further strengthen our robust, multi-layered technical infrastructure, enabling us
to scale with agility and respond efficiently to growing demand. We’ve also integrated advanced auto-
scaling systems, portable and consistent deployment environments, and global-grade security
protocols — all of which ensure our platform is resilient, reliable, and secure against cyber threats. Our
partnership with Unifonic will help us continue expanding our service portfolio in the digital
authentication space.”

Ahmed Hamdan, CEO and Co-Founder of Unifonic, noted: “This strategic investment reinforces the
role of both Sadq and Unifonic in shaping the Kingdom’s emerging digital trust and identity ecosystem.
Through our close collaboration, we aim to drive innovation and set new standards for secure digital
transactions across all sectors in Saudi Arabia.

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