Saudi technology entrepreneur Abdulaziz Al-Salloum has completed a stake acquisition in GlobalPay, a UAE-headquartered fintech and payments holding group, buying 10% of the business, the company on 25 September 2026.
The transaction agreements were signed in Egypt, in the presence of GlobalPay chief executive Tamer Shawer and Al-Salloum.
GlobalPay is headquartered in the UAE and operates as the group’s regional platform across three markets. In Egypt, the group runs through MasrPay, a digital payment acceptance and merchant-management provider that is PCI DSS certified and describes itself as a Visa partner. In Saudi Arabia, the group operates through GlobalPay KSA, known locally as Alam Al-Dafaa. GlobalPay describes the investment as supporting its next phase of regional growth across fintech, digital payments and integrated technology solutions in all three markets.
Al-Salloum’s arrival adds a shareholder with direct Saudi digital-transformation credentials to a group that is actively building out its Saudi presence through GlobalPay KSA, rather than an outside financial investor with no operating background in the sector.
What GlobalPay confirmed directly
Asked whether GlobalPay holds a licence from the Central Bank of the UAE, given its registration as a UAE free zone company, Ali Taha, GlobalPay’s chief business officer, said:
“GlobalPay is a holding company that invest in fintech [across] the region, it is not having license from UAE central bank.”
A holding company not carrying its own central bank licence isn’t unusual on its own; licensing for payment processing typically sits with operating subsidiaries, such as MasrPay in Egypt, rather than a regional parent entity.
Al-Salloum’s background
Al-Salloum previously served as chief executive of AppsPro, a Saudi digital-transformation company that . of the completed deal, dated 3 November 2021, says AppsPro added more than 240 professionals to Accenture’s Oracle Business Group. Al-Salloum has also led Duroob Technology. Neither GlobalPay’s announcement nor independent coverage discloses what this stake acquisition cost him, or whether he’s taking an operational or board role at GlobalPay beyond the equity position.
Al-Salloum Acquires 10% Stake in GlobalPay – Why it matters
GlobalPay’s own disclosure choices say as much as the deal itself. Withholding a valuation and the price Al-Salloum paid keeps outside observers from judging whether this is a substantial capital injection or a modest stake sale. The company’s holding-company structure also means the transaction sits one level removed from the UAE’s actual regulated payments infrastructure, since licensing applies to operating units such as MasrPay rather than the parent entity.
What is independently checkable is Al-Salloum’s own record: AppsPro’s sale to Accenture in 2021, adding more than 240 professionals to Accenture’s Oracle Business Group, is a real prior exit, a concrete credential behind the stake even without a price attached to what he has now bought.
What’s next
GlobalPay hasn’t disclosed a valuation for the holding company, transaction volumes for MasrPay, or what Al-Salloum’s role in the business will be beyond the stake itself. Whether this transaction precedes further outside investment into GlobalPay’s shareholder base isn’t yet confirmed by either party.
