THIQAH
THIQAH is a Riyadh-based Saudi digital transformation company founded in 2012 that provides E-Services, professional services, and data platforms to government ministries and enterprises through 60+ proprietary platforms serving 10M+ beneficiaries.
- Company typePrivate
- Founded2012
- HeadquartersRiyadh, Saudi Arabia
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What THIQAH does
THIQAH (ثقة) is a Riyadh-headquartered Saudi digital transformation company founded in 2012, providing E-Services, Professional Services, and Data Services to government ministries and large enterprises in Saudi Arabia and selectively in international markets (Brazil, Oman, UAE). The company operates through two primary divisions — Smart Solutions (digital technologies and innovative business models) and Business Services (operational solutions, professional services, and digital solutions) — supported by a workforce of 501-1,000 employees and offices in Riyadh and Jeddah.
THIQAH's core technology stack combines AI, cloud computing, IoT, blockchain, and Arabic NLP to deliver a portfolio of 60+ proprietary platforms including Wathq (real-time data verification across 7+ government sources), Almwathiq (digital notarization with 5,000+ notaries), SABER (product conformity), 180 Seconds (commercial registry), SDR (pharmaceutical registration with SFDA), E-Mazad (electronic auctions), Maroof (e-commerce verification), Aamaly (financial operations), and iHealth (AI-powered digital quality monitoring). The company has processed over 49 million operations serving more than 10 million beneficiaries across 26 countries through 100+ partnerships, including strategic alliances with Google Cloud (cloud infrastructure and AI), KAUST (R&D in AI and Arabic NLP), and integration with Saudi regulatory authorities.
THIQAH's revenue model combines multi-year government contracts (subscription and project-based), transaction fees on platform usage (data verification queries, product certifications, commercial registrations), and professional/digital transformation services. Distribution is primarily direct enterprise and government sales supplemented by self-service public-facing portals and API integrations. As of January 2025, PIF announced the sale of THIQAH to Elm (a Tadawul-listed Saudi digital services company) for $907 million, pending regulatory approval — a transaction that would integrate THIQAH's platforms into Elm's broader digital services portfolio.
THIQAH firmographics
Firmographics- Name
- THIQAH
- Legal name
- Thiqah Business Services Company
- Website
- https://thiqah.sa
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- THIQAH is a Riyadh-based Saudi digital transformation company founded in 2012 that provides E-Services, professional services, and data platforms to government ministries and enterprises through 60+ proprietary platforms serving 10M+ beneficiaries.
- Ownership category
- akta.pro rank
THIQAH industry classification
Industry- Product category
- Government Digital Services
- NAICS
- Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512), Custom Computer Programming Services (541511), Computer Systems Design and Related Services (5415), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)
- akta.pro primary industry
- ITSM Platform Implementation & Administration (ServiceNow/JSM/BMC/etc.) (BPAEAJAC)
- akta.pro secondary industries
- Digital Experience Monitoring & Management (DEX/DEM, AIOps for EUC) (BPAEAIAF), Managed File Transfer (MFT) & B2B Integration (EDI) (HDAEAIAE)
Keywords
Where THIQAH is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices3 records
Markets served
THIQAH business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Smart Solutions: Digital technology and business model innovation services including AI, cloud, IoT, and NLP-powered platforms for government and private sector transformation. Services span product safety, fintech, commercial, data & technology, quality of life, and justice sectors.
- Business Services: Business process outsourcing including financial services, accounting, logistics, professional solutions, and digital solutions. Includes operational services, professional services, and digital transformation consulting.
- Platform Services: Government digital trust platforms enabling data verification (Wathq), electronic notarization (Almwathiq), product certification (SABER), commercial registry (180 Seconds), and pharmaceutical registration (SDR).
- Digital Ventures: Digital products and platforms for enterprise clients including Aamaly financial platform and sector-specific solutions serving 2+ million users and processing millions of operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise Government Solutions |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels10 records
THIQAH product offering
Product offeringCore offering
THIQAH provides digital transformation, data verification, and business process services to government and private sector clients through two divisions: Smart Solutions (60+ proprietary digital platforms including Wathq, Almwathiq, SABER, 180 Seconds, SDR, E-Mazad, Maroof, Aamaly, and iHealth) and Business Services (operational outsourcing, professional services, and digital solutions). Its platforms serve sectors including product safety, fintech, commerce, justice, real estate, and healthcare, processing over 49 million operations for 10 million+ beneficiaries.
Product overview
THIQAH is a Saudi digital transformation company offering a comprehensive portfolio of smart solutions and business services through two main divisions: Smart Solutions (digital technologies and innovative business models) and Business Services (operational solutions, professional services, and digital solutions). The product portfolio includes government service platforms like SABER for product safety certification, Wathq for data verification, Maroof for e-commerce verification, Almuthawith for digital notary services, 180 Seconds for commercial registration, SDR for drug registration, and E-Mazad for electronic auctions; financial solutions including Aamaly for financial operations management; and technical quality systems like iHealth for digital compliance monitoring. The company operates across sectors including product safety, logistics, fintech, commercial, technology, quality of life, and real estate/justice.
Differentiator
Problem solved
Functional benefit
Brands
- Wathq (واثق): Electronic data management and verification platform providing real-time business data from authoritative sources.
- Maroof (معروف)
- Almwathiq (الموثق)
- E-Mazad (المزاد الإلكتروني)
- Saber (سابر)
- SDR (Saudi Drug Registry)
- 180 Seconds (١٨٠ ثانية)
- iHealth
- Aamaly (أعمالي)
Products and services
- SABER (سابر) Product safety certification platform developed in partnership with SASO (Saudi Standards, Metrology and Quality Organization). Enables registration of product conformity certificates and shipment certificates, improving import experience and consumer protection from non-compliant products. Served over 93,000 beneficiaries with 7.3+ million products and 5 million certificates, raising product conformity index to 83.14% and improving border trade competitiveness by 72 ranks.
- Wathq (واثق) Data management platform providing verified, real-time commercial data directly from primary sources. Offers 200+ data points and has processed over 2 million verification queries for 13,000+ beneficiaries across government and private sectors, enabling enterprises and fintechs to perform automated KYC and compliance verification.
- Maroof (معروف) E-commerce store verification platform enabling users to view customer ratings and reviews of online stores. Since 2016, has verified over 40,000 e-commerce stores, supporting trusted online commerce in Saudi Arabia.
- Almuthawith (الموثق) Digital notary service in partnership with Ministry of Justice enabling electronic legal documentation without visiting notary offices. Completed over 1.6 million documentation operations with 5,000+ licensed Saudi notaries.
- 180 Seconds (180 ثانية) Commercial registration issuance platform enabling business registration in 180 seconds, down from days. Registered over 1.5 million commercial registrations in partnership with Ministry of Commerce.
- SDR (سد) - Saudi Drug Registry Saudi Drug Registration system for pharmaceutical product registration. Centralized platform for medicine registration, reducing registration time from 8-16 months to 4-5 months, with over 23,000 products registered.
- E-Mazad (المزاد الإلكتروني) Electronic auction platform for real estate and movable assets. First such platform in Saudi Arabia, featuring automated procedures, bidder verification, and synchronized physical-electronic auctions with 4,000+ auctions and 30,000+ bidders.
- Aamaly (أعمالي) Financial operations management platform providing comprehensive tools for invoice issuance through payment settlement. Processed over 16 million API operations, 13 million paid invoices, with 2 million+ users in supplier-customer network. Winner of Middle East Technology Excellence Award 2025 in FinTech IT Services.
- iHealth Digital quality monitoring and compliance system for Saudi Digital Government Authority requirements. Uses AI to automate 90%+ of quality tests, executing 138 technical tests per product including performance, security, accessibility, code quality, and SEO checks.
- COO Brazil Platform Certificate of Origin platform for Brazilian exporters and manufacturers, enabling electronic issuance and tracking of certificates of origin to facilitate Saudi-Brazil trade relations.
Quantifiable outcome
- Processed over 49 million operations serving 10 million beneficiaries
- +7 more outcomes
Companies that use THIQAH
Customer profileNamed customers11 records
Segments5 records
Ideal customer profiles3 records
THIQAH technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature10 records
THIQAH partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered flagship, core, minor and major.
- Saudi Halal Center / Halal Product Development CompanyflagshipPartnership for Halal Mark Track initiative integrated with ESG standards to enhance trust and global competitiveness of halal products. Supports sector sustainability and market expansion.
- Google CloudcoreCompleted cloud infrastructure project with Google Cloud achieving 57% operational efficiency improvement and 68% faster response times. Services hosted locally in Saudi data centers for data security and compliance.
- Bupa ArabiaminorCooperation agreement to utilize Wathq services for insurance data verification at Money20/20 exhibition.
- Cultural Development FundminorMoU to support digital transformation in cultural fund services, enhancing experiences for cultural enterprises, entrepreneurs, and creators across 16 cultural sectors.
- AccenturemajorMoU to develop innovative solutions improving transport sector operations in Saudi Arabia. Focus on digital transformation in transport through unified platform concepts.
- ROSHN GroupmajorMoU to study digitization of real estate documentation services for ROSHN communities. Aims to make property purchase faster, easier, and safer across Saudi Arabia.
- RATL TechnologymajorStrategic partnership to support Moathiq platform for commercial documentation and legal governance using blockchain technology. RATL joined THIQAH's Sharakah program.
- King Abdullah University of Science and Technology (KAUST)coreStrategic partnership for research, development, and innovation in future technologies and sustainable solutions. Focus areas include AI, cloud computing, IoT, and biotechnology. Builds on previous MoU for data and AI application research.
- Google CloudcoreStrategic partnership for cloud infrastructure and AI solutions. THIQAH utilizes Google Cloud's advanced cloud technologies and AI capabilities to provide comprehensive solutions in smart analytics, accelerating digital transformation journeys and achieving distinguished business results.
- CICIBAS (Brazilian-Saudi Center for Investment, Trade & Industry)flagshipLaunched Origin Certificate platform in Brazil to enable Brazilian exporters to issue and track certificates electronically, enhancing trade between Saudi Arabia and Brazil.
- Saudi AramcomajorAgreement for technical integration with Wathq service to contribute to data verification from primary source, streamlining work mechanisms and improving task completion efficiency.
- stc GroupmajorMoU for data and IT services collaboration in areas of mutual strategic interest.
- TONOMUSminorMoU to explore digital twin opportunities in energy, water, and manufacturing sectors.
- Wateen (National Blood Donation Platform)minorMoU to raise awareness about blood donation and document periodic donation campaigns as part of corporate social responsibility.
- Royal Commission for AlUlamajorPartnership to facilitate digital services in AlUla, creating a unified platform for 400+ permits across tourism, municipality, environment, culture, and entertainment sectors.
- Future Investment Initiative (FII) InstituteflagshipStrategic partnership extending until 2027 as international partner. Collaboration on initiatives addressing economic, political, and social challenges, driving innovation for global impact.
- SATEC Group (Spain)minorMoU at Gartner symposium to explore cooperation in smart solutions, IT, and value-added investment for mutual objectives.
- King Salman Global Academy for Arabic LanguageminorMoU for cooperation in linguistic data sources, Arabic dictionary apps, AI tools for Arabic language understanding, and Arabic language education platforms.
- Fintech SaudimajorMoU under patronage of Digital Government Authority and Saudi Central Bank to provide digital trust services for fintech companies through Wathq platform.
- Oman Information Group (Izka)minorMoU to study cooperation in electronic services and IT for digital transformation, including pharmaceutical registration, safety products, government procurement, and notary platforms.
Scale indicators13 records
Recent moves7 records
Expansion highlights6 records
THIQAH competitors and assessment
Company assessmentDirect peers
- Saudi Information Technology Company (SITE): Saudi-listed IT services and digital transformation provider serving government and enterprise with system integration, managed services, and digital platforms. Closely comparable in B2G IT services delivery model, government client base, and platform-building capabilities.
- Solutions by STC: STC Group's B2G/B2B digital services arm providing managed services, cloud, cybersecurity, and digital platforms to Saudi government and enterprise clients. Directly comparable B2G IT services portfolio, target customers, and Saudi-government GTM motion.
- Elm: Saudi-listed digital solutions company and announced acquirer of THIQAH. Both deliver B2G digital platforms (data verification, identity, payment, public services) to Saudi ministries and large enterprises, with overlapping portfolios in digital trust, fintech, and government services.
Regional players
- Mawani (Saudi Ports Authority): Saudi government authority operating national port/logistics digital infrastructure including Fasah platform for import/export. Operates adjacent supply-chain and trade documentation platforms that intersect with THIQAH's SABER product conformity and logistics sector offerings.
- Naqel Express: Saudi logistics and supply-chain digital platform operator serving enterprise and government clients with shipment tracking and documentation services. Adjacent to THIQAH's logistics-sector digital solutions and COO Brazil origin certificate platform.
Broad incumbents
- Yesser (Saudi e-Government Program): National e-government program under CITC/MCIT coordinating government digital transformation initiatives and shared services. Operates as the umbrella for many of the same ministries THIQAH serves, often a contracting counterpart rather than direct competitor but closely comparable in scope of national digital infrastructure.
- Innovative Solutions (MENA SI): Large Saudi and MENA systems integrator providing enterprise IT services, cloud, and digital transformation to government and enterprise. Comparable B2G/B2B IT services footprint across Saudi Arabia and the broader region, with similar reliance on tier-1 government and enterprise contracts.
Emerging players
- Sirar by STC: STC's cybersecurity subsidiary providing digital trust, identity verification, and data security services to Saudi government and enterprises. Comparable to THIQAH's Wathq and digital notarization offerings, addressing the same trust/verification use cases for regulated entities.
- Tabadul (National Logistics Platform): Saudi state-backed digital platform for trade and logistics documentation. Competes with THIQAH's SABER product conformity and COO Brazil platforms in cross-border certificate issuance and customs/trade facilitation for government and exporters.
- Nazam (SAMA-aligned fintech infrastructure): Saudi fintech infrastructure and digital trust provider working with SAMA-regulated entities. Comparable in fintech compliance, KYC, and digital trust services to THIQAH's Aamaly financial operations platform and Wathq data verification for fintechs.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
THIQAH social profiles
Digital presenceTHIQAH compliance and trust
Trust signalCompliance1 record
THIQAH financial estimates
Financial estimateRevenue estimate
Valuation estimate
THIQAH leadership team
Management profileNumber of profiles
Profiles6 records
THIQAH subsidiaries and ownership
Company hierarchySubsidiaries1 record
THIQAH funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
THIQAH M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about THIQAH
What does THIQAH do?
THIQAH provides digital transformation, data verification, and business process services to government and private sector clients through two divisions: Smart Solutions (60+ proprietary digital platforms including Wathq, Almwathiq, SABER, 180 Seconds, SDR, E-Mazad, Maroof, Aamaly, and iHealth) and Business Services (operational outsourcing, professional services, and digital solutions). Its platforms serve sectors including product safety, fintech, commerce, justice, real estate, and healthcare, processing over 49 million operations for 10 million+ beneficiaries.
Is THIQAH a public or private company?
THIQAH is a private company. It is classified as corporate owned and is currently operating.
When was THIQAH founded?
THIQAH was founded in 2012. It employs 501 to 1,000 people.
Where is THIQAH based?
THIQAH is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does THIQAH make money?
Four revenue lines are on record. Smart Solutions are the primary driver. The others are business Services, platform Services and digital Ventures.
Who are THIQAH's main competitors?
Direct peers on record are Saudi Information Technology Company (SITE), Solutions by STC and Elm. Regional players are Mawani (Saudi Ports Authority) and Naqel Express. Broad incumbents are Yesser (Saudi e-Government Program) and Innovative Solutions (MENA SI). Emerging players are Sirar by STC, Tabadul (National Logistics Platform) and Nazam (SAMA-aligned fintech infrastructure).
Does THIQAH have an API?
No public API is recorded for THIQAH.
What industry is THIQAH in?
THIQAH's product category is Government Digital Services. Its primary akta.pro industry code is BPAEAJAC, ITSM Platform Implementation & Administration (ServiceNow/JSM/BMC/etc.), with a secondary code of BPAEAIAF, Digital Experience Monitoring & Management (DEX/DEM, AIOps for EUC). Its NAICS code is 54151 and its SIC code is 7370.