PayTabs Signs MoU to Acquire 100% of Saudi Payments Firm SeaPay

PayTabs Group, MENA’s award winning payment solutions powerhouse and a top 100 global fintech company announced it has signed a Memorandum of Understanding (MOU) to acquire 100% of SeaPay (Arab Sea Financial Company) from Saudi-listed Arab Sea Information Systems Company in a transaction aimed at strengthening the group’s payment infrastructure and revenue model in its largest market. The agreement was signed on 22 October 2026 and disclosed on the Saudi Exchange (Tadawul).