SOLOWIN Enters Saudi Market to Drive Web3 and Data Science Through CITIC Partnership
Rhea-AI Summary
SOLOWIN HOLDINGS (NASDAQ: SWIN) has signed a Memorandum of Understanding (MOU) with CITIC Contracting Company to develop digital infrastructure in Saudi Arabia. The three-year partnership will focus on data science, commercial real estate, and logistics parks.
The collaboration combines Solowin's regulated stablecoin infrastructure with CITIC's real estate expertise to enable real-world asset (RWA) tokenization in the Middle East market. The initiative aligns with Saudi Vision 2030's digital transformation objectives and aims to modernize traditional assets through Web3 technology.
AI-generated analysis. Not financial advice.
Positive
- Strategic entry into the growing Saudi Arabian market
- Partnership with established CITIC Group subsidiary ranked among top 250 global contractors
- Alignment with Saudi Vision 2030 national development program
- Expansion of real-world asset tokenization capabilities
Negative
- MOU is non-binding with detailed terms yet to be finalized
- Timeline for revenue generation not specified
News Market Reaction – SWIN
On the day this news was published, SWIN gained 4.27%, reflecting a moderate positive market reaction. Argus tracked a peak move of +4.1% during that session. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $11M to the company's valuation, bringing the market cap to $266.88M at that time.
Data tracked by StockTitan Argus on the day of publication.
Strategic collaboration expands investment offerings and lays groundwork for tokenized real estate opportunities
Hong Kong, Aug. 20, 2025 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (NASDAQ: SWIN) (“Solowin” or the “Company”), a leading financial services firm providing comprehensive solutions across traditional and digital assets, today announced that its US$-denominated fund, Solomon Capital SP, has entered a Memorandum of Understanding (MOU) with CITIC Contracting Company (“CITIC”) to co-develop next-generation digital infrastructure in Saudi Arabia, with an initial focus on data science, commercial real estate and logistics parks.
This collaboration aims to bridge the gap between the private real estate market and investor demand for diversified yield-generating alternatives. By integrating Solowin’s technology-driven platform with CITIC’s seasoned real estate investment expertise, the partnership addresses the rapidly growing demand for real-world asset (RWA) tokenization across the Middle East market.
Peter Lok, CEO of Solowin, noted: “This partnership aligns with Saudi Vision 2030’s digital transformation goals. By combining CITIC’s on-ground execution capabilities with our regulated stablecoin infrastructure, we create a blueprint for modernizing traditional assets.”
The three-year MOU follows Solowin’s recent Web3 finance initiatives. Detailed investment terms will be formalized in subsequent binding agreements.
CITIC Contracting Company is a subsidiary controlled by China CITIC Group and has been ranked among the top 250 global contractors in the Engineering News-Record (ENR) list for many years. Launched in 2016, Saudi Vision 2030 is a national program designed to diversify the economy, empower citizens, create a vibrant environment for both local and international investors, and establish Saudi Arabia as a global leader.
About SOLOWIN HOLDINGS
SOLOWIN HOLDINGS (NASDAQ: SWIN) is a leading global financial services firm operating in both traditional and Web3 industry. Founded in 2016, it has delivered a unique, full-spectrum ecosystem that bridges traditional and decentralized finance. Leveraging its Hong Kong Securities and Futures Commission (SFC) licensed subsidiaries with full digital asset capabilities, the Company operates a robust Web3 Infrastructure division. Through its self-developed, vertically integrated, enterprise-grade platform, Solowin delivers compliant traditional finance (TradFi), real-world asset (RWA) tokenization, and global digital payment solutions—solidifying its role as a key player in reshaping global finance through a seamless Web3-to-TradFi ecosystem.
For more information, visit the Company’s website at https://solowin.io or investor relations webpage at https://ir.solowin.io.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. The Company has attempted to identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the Company's filings with the U.S. Securities and Exchange Commission (the “SEC”) including the "Risk Factors" section of the Company's most recent Annual Report on Form 20-F as well as in its other reports filed or furnished from time to time with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's filings with the SEC, which are available for review at www.sec.gov.
For investor and media inquiries please contact:
SOLOWIN HOLDINGS
Investor Relations Department
Email: ir@solomonwin.com.hk
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com
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