Western Union Acquires 15% Stake in stc Bank

October 12, 2021

The Western Union Company acquired a 15% minority stake in stc Bank for $200 million, marking a strategic minority investment to deepen its presence in the Middle East payments ecosystem. The deal extends an existing commercial partnership—Western Union will provide cross-border money transfer capabilities to stc Bank's app as stc Bank launches as one of Saudi Arabia's first digital banks.

Buyers
The Western Union Company
Targets
stc Bank
Location
Riyadh Province, Saudi Arabia
Transaction Type
Growth capital

Explore More

Related Acquisitions

Build a buyer list for your deal

Find active buyers from recent acquisition patterns and move straight into outreach.