Page 62 - UNIFONIC PR REPORT - April 2025

4/16/25, 1:47 PM Company News in Egypt: Sadq Raises SAR 5.5 million in Pre-Series A Round Led by "X by Unifonic Fund" to Accelerate Growth in …

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 driving digital
transformation by backing B2B SaaS companies that deliver mission-critical
solutions for evolving markets.”

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