Abdullah Al-Othman is the founder and chairman of Geidea, a number one absolutely licensed supplier of digital fee options. He’s dedicated to Geidea’s imaginative and prescient of delivering accessible, inexpensive and customer-centric fee options for everybody.
One in all Saudi Arabia’s distinguished and most promising younger enterprise leaders, Al-Othman’s profession began out in actual property in 2008. His preliminary success on this sector, and a ardour for all issues digital, inspired him to spend money on a fintech enterprise, and eidea was born in 2011. Initially launched to enhance the effectivity and availability of digital fee channels within the Saudi market, Geidea started by offering software program, fee terminals and ATMs to banks. It went on to obtain varied authorities licenses and approvals in 2013, thus facilitating fast growth.
By 2016, his firm cemented its place as one of many largest service suppliers in Saudi Arabia and the broader Center East – capturing greater than 75 p.c market share within the sector, by delivering 400,000 terminals and serving over 80,000 shoppers.
Since then, the corporate has centered on providing small retailers a whole suite of fee, ecommerce and enterprise administration instruments to assist them develop and scale. Geidea stays dedicated to Saudi Arabia’s important and increasing SME sector – in addition to serving to the nation attain the targets set out within the Saudi Imaginative and prescient 2030 plan.
Al-Othman can be founding father of AO Holdings, a household funding home based in 2019, and co-founder of Lemar United Actual Property, a global growth firm centered on the industrial sector. Lemar has executed high-profile actual property initiatives throughout Riyadh, together with the Arcade Centre on King Fahad Highway, and the three million square-metre Malga neighborhood.
Along with his enterprise ventures, Al-Othman is a member of the Enterprise Entrepreneurs within the Chamber of Commerce, an establishment that encourages industrial solidarity amongst companies and protects their pursuits. He holds a bachelor’s diploma in Info Know-how from King Saud College and an MBA from Al Faisal College.