Page 75 - UNIFONIC PR REPORT - April 2025

4/16/25, 1:49 PM 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 Auth…
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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